Findeed app allows users to apply for short-term collateral-free personal and education loans from NBFCs and banks. Along with bureau data, the app uses insights from transactional SMS data to understand the risk profile of users, esp. first-time borrowers little or no credit history. Transactional SMS is used to calculate parameters like user’s income, bank balance, cheque bounces, utility bills etc. that are used to understand the creditworthiness of the user and prevent chances of fraud.