Ashok Auty
Co-founder and Chief Customer Officer
- Co-creator of Mifos X and Apache Fineract.
- Powered 65M+ borrowers in 70 countries.¹
- 15+ years building lending systems.
About Lokta
The team behind Apache Fineract, now building Lokta.
Before you hand a live book to software, it is fair to ask who built the last one. Lokta is the agentic loan servicing platform, and it is what we'd build if we started today.
The team
The people you will work with.
Chandramouli
Co-Founder and CEO
- 23 years in technology, go-to-market, and consulting.
- 4+ years building machine learning models and GenAI features.
- Prior leadership in enterprise AI.
- Independent director.
Vamshi Krishna Putta
Head of Engineering
- Built a credit-line product that scaled to 15M+ accounts for 10+ lenders.
- Led engineering for loans against mutual funds: ₹4,000+ crore AUM.
- Migrated nine million accounts with full reconciliation.
- Ran an RBI moratorium across a million microfinance accounts.
Shreyank Byadagi
Principal Engineer
- 10+ years in fintech backend engineering.
- Contributor to open-source lending platforms.
- Builds secure, audit-ready financial systems.
- Architected high-volume transaction platforms.
Nayan Ambali
Investor and Advisor
- Founded Finflux, the commercial lending platform the team built on Fineract, and led it as CEO for thirteen years.
- Took it through its acquisition by M2P Fintech.
- On the board of an RBI-registered NBFC since 2018.
- Mifos open-source developer since 2010; Distinguished Service Award, 2015.
Our track record
We built the rails the industry runs on.
- ~$500B¹Cumulative loan principal
- 65M+¹Borrowers reached
- 70¹Countries
¹These totals belong to the Mifos and Apache Fineract ecosystem our team helped build, and not to Lokta's own book. The principal figure is the central estimate of a modelled range: the ecosystem keeps no central ledger, so no one can count it exactly.How the figure is derived
Why we started over
A decade in, we knew exactly what we'd rebuild.
A decade across Fineract showed us where lenders bleed after approval: credit policy that goes stale the day it ships, collections that stay reactive, ops cost that climbs with the book.
It also showed us what could not be patched. The constraint was in the architecture: batch-refreshed state, per-module data models, and integrations bolted on at the edge. Agents need consistent, event-driven canonical state to act on, and no amount of AI bolted onto batch endpoints inherits anything but the inconsistency underneath.
So we started over. Agent-native from the ground up, on a deterministic core where the math is something the AI never gets to guess at.
Ashok Auty on what we learned building Fineract, and why we started over
What lenders said
The thesis, as lenders heard it.
On why Lokta starts after sanction
“The post-sanction area is the one which still today remains a grey area.”
After the portfolio dashboards
“This kind of concise and clear dashboard I never saw.”
On hearing the rate, ₹1,000 per crore of book a month
“It's a reasonable price.”
On the partner and payout view
“Traditional systems never had something like this.”
On seeing bucket roll-back and roll-forward at account level
“My team takes half a day today just to get this data out manually.”
Asked when he wanted servicing automated
“At this point, I can start within a month.”
At the end of the demo
“You have covered all the pain points of the smaller NBFC.”
How we engage
Founder-led. A small cohort, deeply engaged.
We work with a small number of lenders and lending partners at a time, as co-design partners, not a vendor SaaS sign-up. If you carry a book and you want it to learn, start there.
- Direct founder access throughout the engagement
- Integration sequence shaped by your priorities
- A drift audit first: bring one product and see where our numbers and yours disagree, before anything moves
- An open module surface your engineers extend in-tree
Q&A
Questions about the team and the company
Who we are, what we build, and how we work with lenders.
Who builds Lokta?
Lokta is built by the team behind Apache Fineract, the open-source lending core used by lenders in 70 countries. Ashok Auty, co-founder and Chief Customer Officer, is a co-creator of Mifos X and Apache Fineract with 15+ years building lending systems. Chandramouli, co-founder and CEO, spent 23 years in technology, go-to-market and consulting, including 4+ years building machine learning and GenAI features. Vamshi Krishna Putta, Head of Engineering, built a credit-line product that scaled to more than 15 million accounts, ran an RBI moratorium across a million microfinance accounts, and took a 75% LTV loan-against-mutual-funds product live under new RBI regulations. Shreyank Byadagi, Principal Engineer, has 10+ years in fintech backend engineering.
Is Lokta the same thing as Apache Fineract?
No. Apache Fineract is an independent Apache Software Foundation project, and Lokta is a separate company. The connection is people: Lokta’s founding team helped create and scale Fineract, and Lokta is a new codebase built agent-native from the ground up rather than a fork or a distribution of Fineract.
What does Lokta actually do?
Lokta is the agentic loan servicing platform. Lenders run the live loan book on it after approval: servicing, monitoring and early warning, collections, and recovery. The AI proposes an action, the lender’s deterministic core decides whether it is allowed, and every change lands on the record.
Does Lokta do loan origination or underwriting?
Loan Origination is on the roadmap, and no release date is published. The build is the book after approval, so underwriting and credit decisioning stay with the lender's own LOS, or its partner lender's, which hands the approved loan over by API. The Loan Origination System page publishes the proposed design.
How does Lokta work with lenders today?
Founder-led, with a small number of lenders and lending partners at a time as co-design partners rather than a self-serve SaaS sign-up. Engagements start with a drift audit: you bring one product, and we show you where our numbers and yours disagree before anything moves.
Where is Lokta based, and who does it serve?
Lokta serves fintech lenders, NBFCs, banks and lending service providers, with the deepest regulatory work done for India and the RBI. The platform itself is not India-specific, and the architecture is the same wherever the book runs.