This investment will lead to FlexiLoans’s growth ambitions as it plans to focus on technology development and grow its MSME portfolio by more than 2x via co-lending, buy now pay later (BNPL) and supply chain finance platforms, the start-up said.
FlexiLoans.com partners Vivriti Capital to disburse loans worth ₹300-cr to MSMEs
May 24, 2021
The partnership will be powered by FlexiLoans.com’s technology and credit underwriting platform ‘BiFrost’
Fintech platform FlexiLoans.com has partnered with Vivriti Capital to provide working capital financing of over ₹300 crore to Micro, Small and Medium Enterprises (MSMEs) across the country.
MSMEs can apply for loans online and receive in-principal approval within 24-48 hours digitally without manual intervention.
The partnership will be powered by FlexiLoans.com’s technology and credit underwriting platform ‘BiFrost’, which has been integrated with Vivriti’s Co-lending platform ‘CredAvenue’The partnership is aimed at reaching out to more 10,000 MSMEs in the next 12-18 months, the company said in a statement.
PayPal, FlexiLoans.com to offer MSMEs collateral-free term loans ANI | Updated: Apr 06, 2021 12:45 IST
Mumbai (Maharashtra) [India], April 6 (ANI): Global leader in digital payments PayPal on Tuesday entered into a partnership with FlexiLoans.com, a leading digital lending platform to provide freelancers, women entrepreneurs, sole proprietors and MSMEs with collateral-free business loans.
Through this partnership, PayPal said it further reiterates its commitment to democratise access to financial services by bringing the global best practices and credit solution capabilities to Indian merchants who sell cross border using PayPal.
PayPal with FlexiLoans.com will aim to offer MSMEs with working capital for business expansion, purchasing stock, inventory and other business-related expenditures.