From Invisible Vendor to Bankable Entrepreneur.
NiyaT Score turns UPI transaction history into an alternative credit score — so 100 million street vendors can access formal finance for the first time.
NiyaT Score
Ramesh Kumar
Chai Vendor, Pune
Field Notes
Conversations that shaped the NiyaT Score.
Banks want too many documents. Too much running around. This is fine.
5% interest. Per day. From moneylenders.
Poornima
Flower vendor, Bangalore
Educated to higher secondary. Rs. 20,000 a month from a stool and four buckets, two days a week. Sixteen years as a lab technician before this. No shop, no registration, no debt. Two children in college. She would go full time if funding came without paperwork — formal training first, then bring her children into the business.
Lakshmi
Vegetable vendor, Bangalore
Educated to higher secondary. Borrows from a moneylender at 5% per day because bank disbursal is too slow for the morning mandi run. She knows about the Mudra loan and vendor schemes; she says they are good in books. She put her savings into her daughter's B Pharma degree instead of a house. Her daughter now wants to scale into organic farming, and is blocked by the same wall — no ITR, no GST, no formal record.
Names changed. Details as reported.
Neither woman is held back by capability or intent. Both are held back by paperwork. That is the gap the NiyaT Score reads.
100 Million Vendors. Zero Credit History.
India's street vendors earn daily, pay taxes indirectly, and power a ₹30,000 crore informal economy — yet they are completely invisible to every bank, NBFC, and credit bureau in the country. No CIBIL score. No ITR. No GST registration. No path to formal credit.
NiyaT Score
Ramesh Kumar
Chai Vendor, Pune
UPI Is the New Credit Bureau.
We analyse 6–18 months of UPI transaction history — payment frequency, income regularity, seasonal patterns, repayment behaviour — and generate a NiyaT Score out of 1,000. Banks can now underwrite vendors they could never touch before.
"No documents required. No branch visit. No collateral."
Built to Create Bankable Entrepreneurs, Not Just Borrowers.
Score out of 1,000
NiyaT Score
UPI-based alternative credit score
We convert 6–18 months of UPI transaction history into a score out of 1,000. Banks use it to underwrite vendors with zero documents. Score updates monthly as behaviour improves.
742
out of 1,000
80% pass required
NiyaT Academy
Mandatory financial literacy
80% pass rate required before any credit is unlocked. Modules cover budgeting, loan management, digital payments, and government schemes — in local languages.
Pass rate required
Before any credit is unlocked
Zero paperwork for vendor
NiyaT Assist
End-to-end government scheme support
We handle PM SVANidhi, Udyam registration, KYC, and government subsidy applications on behalf of the vendor. End-to-end, no branch visit required.
We Never Lend. We Enable.
Bank Origination Fees
Paid by partner banks each time a vendor is successfully underwritten using a NiyaT Score.
Insurance Partner Fees
Revenue from insurance partners who access our verified, financially-literate vendor base.
Tranche Progression Fees
Fees earned as vendors graduate to higher credit tranches, reflecting improved financial behaviour.
NiyaT Score is infrastructure, not a lender. We sit between 100 million underserved vendors and the banks that want to reach them — and we get paid every time that connection creates value.
Zero lending risk. Scalable fee revenue. Aligned incentives.
Built by Someone Who Knows Both Sides.
Ex-SBI Officer with direct experience underwriting small business loans. B.Sc. Mathematics (Hons). MBA Finance. IIM Calcutta and IIM Indore certified. She's seen firsthand why banks can't reach street vendors — and built NiyaT Score to fix it.
Ritu R
Founder, NiyaT Score