HDFC Bank-backed Lentra AI Private Limited, a digital lending cloud platform, has acquired Chennai and Singapore-based Artificial Intelligence (AI) company TheDataTeam (TDT) for an undisclosed amount.

As per the deal, Lentra will integrate TDT’s behaviour intelligence platform Cadenz which helps banks and finance firms make decisions on customer creditworthiness based on a unique financial journey. It will also help in launching new products for a faster go-to-market.

Cadenz simplifies the journey from raw customer data to live intelligence and helps businesses eliminate friction and drive new initiatives quickly, which was launched in 2017.

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Following the acquisition, Rangarajan Vasudevan, Founder & CEO of TDT, joined Lentra as co-founder & chief data officer. Lentra, founded in 2019 by D Venkatesh and Ankur Handa, is backed by HDFC Bank, Bessemer Venture Partners, and SIG.

In a statement, Sandeep Mathur, Chief Revenue Officer, Lentra, said there is explosive growth in the credit market. Some of Lentra’s clients have grown their loan book by ten times after the Lentra lending cloud came on board.