Pepper Advantage Launches Tech Hub in Pune for AI Product Development

Pepper Advantage, a prominent global player in credit intelligence, credit management, and credit investment, has inaugurated a state-of-the-art tech hub in Pune. The facility is dedicated to advancing cutting-edge credit technologies and analytics, with a specific focus on enhancing risk assessments during loan origination and servicing, as stated by the company.

Pepper Advantage's proprietary technology and algorithms provide lenders with a unified platform, enabling data-driven decisions and mitigating risks associated with fraudulent documents and financial frauds throughout the loan underwriting process.

Employing a workforce of 50 researchers, programmers, and analysts, the tech hub is strategically positioned to cater to clients not only in India but also in West Asia, Indonesia, other Southeast Asian markets, and Europe.

Fraser Gemmell, the Chief Executive Officer of Pepper Advantage, expressed, "Our growth in 2023 has been driven by the value customers place on our technological innovation and data-driven solutions. Our transformative journey gains momentum with the launch of the tech hub, which demonstrates our commitment both to developing new credit technologies and making substantial contributions to India’s thriving fintech ecosystem."

Mukund Kulkarni, CEO of Pepper Advantage India, expressed delight in locating the tech hub in India. He highlighted the significant growth experienced by Pepper Advantage in India, citing a 40% increase in the customer base since the acquisition of Loanguard and a remarkable 200% growth in assets under management (AUM). Kulkarni emphasized India's potential to emerge as a global hub for technology and artificial intelligence, not only for Pepper Advantage but for the entire world, propelled by technological advances and the rapid expansion of the fintech sector.

HBL