The Google for Startups Accelerator: Women Founders Program selected Syntellect which is a modern fintech startup based in India. This startup specializes in affordable housing and its flagship product is 'RightProfile.' It was designed to use cutting-edge technologies such as data science, advanced analytics, AI, ML, specialized programming, and statistics to provide global lenders with actionable insights and decision intelligence in the top 20 industries.
In order to empower and mentor Indian women entrepreneurs who use technology to address complex societal issues, the Google for Startups Accelerator Program is designed. Google India selected 20 women entrepreneurs from 300 applications, including Sumedha Salunkhe Naik, CEO and founder of Syntellect. This initiative aims to increase female participation in India's digital workforce by focusing on entrepreneurship and upskilling to ensure that technology is universally relevant and beneficial.
Housing is a persistent challenge in India being the world's most populous country, particularly for rural and low-income urban families. To address this issue the Indian government has launched Pradhan Mantri Awas Yojana (PMAY) in 2015 and is expected to deliver 6.5 million houses in urban areas by 2022.
Sumedha Naik, the founder of Syntellect created 'RightProfile' in 2017 in response to address the issue of income and loan feasibility among low-income households. It provides lenders with intelligent insights into the financial status of undeserved and unbanked low-income individuals and provides them with financial support.
Sumedha mentioned that the mission of Syntellect has always been to drive financial inclusion through the technology platform and this recognition reaffirms the dedication towards the goal. Syntellect's participation in the program marks an important milestone for the company and a step towards eradicating the critical issue of affordable housing.
