Cashmere Payments has partnered with Dvara Solutions Pat Ltd, a technology platform for financial institutions to provide its customers with digital disbursements and collection services.
Cashfree’s products will enable NBFCs on Dvara’s platform to disburse loans, automate loan repayment collection and validate customer’s KYC details including bank account or UPI ID or beneficiary name, etc. The entire loan journey will be covered from disbursal to collection to reconciliation.
Reeju Datta, Co-founder of Cashfree said, “Our partnership will not only help to automate collections, but also provide the benefits of open APIs thus reducing costs and turnaround time on business processes such as digital data capture and account analysis.”
Kapil Gupta, MD & CEO of Dvara Solutions, said, “At Dvara Solutions, we aim to shoulder the technology-related complexities of Financial Institutions through our platform Perdix and a host of integrations with innovative external solutions. We believe our partnership with Cashfree Payments will provide our clients access to technologically superior and secure digital disbursement and collections services. We believe these cutting-edge technological solutions will help Financial Institutions achieve efficiencies and serve their customers better.”