Credit Wise Capital launches Twin2 to offer two-wheeler loans in two minutes

Technology-driven consumer finance NBFC Credit Wise Capital has launched its AI-powered Twin2 bot integrated with WhatsApp.

The bot will help clients in their interaction with the Credit Wise team to quickly access loan options, understand the terms and receive a sanction letter for their two-wheeler, within two minutes (Tw[in]2).

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“The winner in the two-wheeler finance industry will be the one who is able to control customer acquisition costs. If you can control that, they can scale India exponentially into a branchless model and that’s what we aim to do at Credit Wise Capital ” Aalesh Avlani, Founder of Credit Wise Capital.

Launched in India this month, the Twin2 bot has so far received 5,000 connections in its first week of operation. Speaking of Twin2’s success in its retail store, Pilot Honda owner Karan Thappar said “Twin2 is something customers have never seen before. It is the symbol of transparency and running speed. It’s the new era for dealers and financial institutions and Credit Wise Capital is leading the way. Pilot Honda is one of the biggest Honda dealers in India.

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It’s easy to see why customers and dealers are receptive to this new venture. “Today’s digital India prefers to operate without any assistance, and we intend to give them the wings to ride their two-wheelers like that. The average time a customer spends at a dealership is over an hour, but with Twin2 we intend to reduce it to 2 minutes. noted Bhavik Davda, CWC Vice-President.

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