SquareNow for mid-size NBFCs
If your NBFC is between ₹50 Cr and ₹500 Cr AUM, you have probably hit the same wall that most institutions in this band hit. Excel runs the credit team. WhatsApp runs the field. The CFO builds the monthly close by hand because the LMS report is not what the auditor wants.
SquareNow replaces that mess with one platform that the CFO and the field officer both use, in 4 to 6 weeks.
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What changes after deployment
Onboarding. Drops from 5 to 7 days down to under 2 hours for the standard case. AI agents handle KYC, document collection, and verification end to end.
Collections. Bucket-1 follow-ups (1 to 30 dpd) move to THALA. 60 to 70 per cent of bucket-1 cases close without a human call. Your collectors focus on bucket 2 and 3.
Audit. Continuous tamper-evident logs. The auditor walks in to a system that has been ready all year, not a 3-week fire drill.
Reporting. Pre-built reports for RBI scale-based regulation, FIDC, internal audit, and statutory audit. The CFO’s monthly close stops requiring a manual export.
Workforce. KYEHR module included. Field officer attendance, route discipline, productivity tracking. Branch managers move from babysitting to coaching.
Why SquareNow specifically
You will compare us with Lentra, Cloudbankin, FinnOne Neo, M2P, and a few others. Where SquareNow wins for a mid-size NBFC is on three things. First, end-to-end coverage: LMS, LOS, collections, workforce, audit, reporting, all in one platform with one contract. Second, implementation speed: 4 to 6 weeks vanilla, 8 to 12 weeks custom — comparable competitors run 6 to 9 months. Third, AI agents that perform actual operational work, not dashboards that report it.
What you need to bring
A configured credit policy. The standard documents your underwriters use today. A list of integrations you need on day 1 (KYC vendor, payment partner, bureau, accounting). One executive sponsor.
We bring the implementation team, the configuration playbook, and a 90-day plan that has been refined across multiple deployments.
Pricing posture
For mid-size NBFCs, the standard path is a 90-day pilot at a fixed price with a capped scope. If the pilot meets the agreed success criteria, it converts to an annual contract tiered by your AUM band. Implementation is billable but credited against the annual contract on conversion.
Common questions
Will SquareNow speak to our existing core? Yes. We have built integrations with the major core banking and accounting systems used by Indian NBFCs. Custom integrations for proprietary cores take 2 to 4 weeks of additional work.
Can we run SquareNow alongside our current LMS during transition? Yes. We support a parallel-run during weeks 4 to 6 of implementation, with explicit cutover windows.
Do you support all our loan products? SquareNow supports unsecured personal loans, business loans, MSME, LAP, vehicle, gold, education, and bullet repayment formats out of the box. Less common formats are configurable.
What about scale-based regulation reporting? Pre-built. SquareNow’s reporting layer maps to Base Layer, Middle Layer, Upper Layer, and Top Layer NBFC disclosure requirements.