Structured alternative investment platform UpTik has announced that it has achieved ₹12 crore in monthly lending, marking a significant milestone in its growth within the alternative credit ecosystem.
According to the company, its growth is backed by a deployed lending total of ₹60 crore over the last 14 months. The platform reported a 65 per cent average month-on-month growth and a 35 times scale-up in volume over the past year.
UpTik operates primarily in invoice discounting. The core offering enables MSMEs and vendors to unlock working capital against verified invoices raised on large corporate buyers. Under this model, vendors receive funds within two to three days, while invoice tenures typically range from 30 to 90 days. The platform uses escrow-backed mechanisms, legally enforceable contracts, and focuses on discounting highly rated corporate invoices.
The company utilizes a technology stack that includes an AI-powered credit approval engine designed to assess invoice authenticity, buyer risk, and MSME creditworthiness. Additionally, it incorporates blockchain-based invoice discounting to improve auditability, transparency, and repayment processes.
Vinod Varma, Founder of UpTik, stated that achieving ₹12 crore in monthly lending validates the market demand for faster, technology-led access to credit.
“Our objective is not simply to grow volumes, but to build a responsible alternative credit platform where strong underwriting, transparency and technology work together,” Varma said. He added that the company's strategic advisory board includes senior professionals with experience from global financial institutions such as ICICI Bank, Westpac, Standard Chartered, Citibank, and K&L Gates.
UpTik maintains that its growth trajectory is supported by process excellence, risk governance, compliance, and investor protection. As the company scales its lending operations, its stated aim is to address India's MSME credit gap while providing structured, real-economy-backed alternative investment opportunities.
"UpTik's recent milestone highlights the growing demand for targeted working capital solutions among Indian MSMEs. By combining invoice discounting with an AI-powered credit engine and blockchain auditability, the platform demonstrates how technology can streamline alternative credit delivery. Scaling monthly lending to ₹12 crore while maintaining rigorous risk governance and escrow-backed mechanisms shows a balanced approach to growth in the alternative investment sector." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
