Tag: Flexiloans.com

FlexiLoans.com partners with Retailio to offer working capital loans

Banking & Finance

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Fintech platform FlexiLoans.com has partnered with Retailio, a business-to-business healthcare marketplace, to provide working capital loans to its more than 1,00,000 retailers and distributors across the country.

This partnership aims to fund over 15,000 pharma retailers in the next 18 months.

Deepak Jain, Co-Founder of FlexiLoans, said, “The Indian pharmacy market is a $40-billion market and operates in the remotest town in the country and often these units require timely and adequate funds for seasonal spikes, new product launches and business expansion. FlexiLoans.com has been expanding its ecosystem partnerships to provide the small business the best lending proposition via our Co-lending platform and our partnership with Retailio is an imminent one in this direction”.

FlexiLoans.com partners Vivriti Capital to disburse loans worth ₹300-cr to MSMEs

Since its inception in 2016, Flexiloans.com has disbursed more than ₹1,000 crore to more than 30,000 customers across 1,500 cities across India. It receives over 1,00,000 applications per month, largely from Tier-II, III and Tier-IV cities in India.

Unlocking opportunities

Rohit Anand, Head, Fintech, Retailio, said, “One of the core business requirements of our retailer base is enabling seamless financial products for their core purchases. FlexiLoans has been at the forefront of digital, providing multiple lending products via its strong technology interface and credit models and will unlock many opportunities for our retailer and distributors on the Retailio platform.”

PayPal, FlexiLoans.com partner to offer MSMEs, freelancers collateral-free loans

By the end of this year, it aims to hit an annualised disbursal run-rate of ₹1,000 crore in a single year.

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FlexiLoans.com partners Vivriti Capital to disburse loans worth ₹300-cr to MSMEs

Banking & Finance

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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.

Deepak Jain, Co-Founder, FlexiLoans.com said, “FlexiLoans has been scaling its co-lending platform since the IL&FS crisis a couple of years ago to service the wide range of ecosystem and boost assets under management growth. Vivriti has been our long-standing lending partner and its digital-first approach, deep lending expertise syncing perfectly with our co-lending ideology”.

Gaurav Kumar, Co-Founder, Vivriti Capital and CEO CredAvenue said, “The partnership is built on the combination of a deep technology integration via APIs and substantial capital base. We expect to unlock immense market potential and scale with it in the near future. CredAvenue’s co-lending platform has been specifically designed to enable scale-up of such partnerships for Banks, NBFCs and Fintech players vis automated discovery, underwriting, operations and reporting modules on one single portal”.

Since its inception in 2016, Flexiloans.com has disbursed more than ₹1,000 crore to over 30,000 customers across 1,500 cities in India. It receives over 1 lakh applications per month, largely from Tier-II, III and Tier IV cities.

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