Case Study: SmartCoin achieves compliant co-lending money flow with RazorpayX Escrow+

How SmartCoin & its NBFC Partners Solved for Co-lending Money Flow Post-DLG with RazorpayX Escrow+

SmartCoin, a leading Indian digital lending platform with its own RBI-registered NBFC license, faced a major compliance challenge after the Digital Lending Guidelines (DLG) banned the use of virtual or pool accounts for loan money transfers. To keep its co-lending business running with multiple NBFC partners, SmartCoin needed a fast, compliant alternative to its existing RazorpayX Lite-based payout flow.

Razorpay helped SmartCoin move to RazorpayX Escrow+, setting up eight tri-party escrow accounts—one for each NBFC partner—and enabling direct, compliant money movement between lenders and borrowers. With RazorpayX’s integration ease and compliance expertise, SmartCoin went live in just a few days, reduced manual reconciliation by hundreds of man-hours, and consolidated disbursals and collections into streamlined reports with auto-reconciliation and a single source of truth.

SmartCoin

Jayant Upadhyay

Co-Founder