Author: Bfsinxt Desk
Comprehensive suite of RS general insurance products will now be available to customers across 727 City Union Bank Branches
U GRO Capital, a listed, MSME lending fintech platform, surpassed Assets Under Management (AUM) of Rs 3,656 crore as of June 30, 2022 (+166% compared to June 30, 2021) and is on track to cross the mark of Rs 7,000 crore AUM by March 2023, the fintech said in release.
Private non-banking finance company (NBFC), Mahindra Finance has tied-up with Credgenics, a Software-as-a-Service (SaaS) company to boost its collections digitally.
Digital lending fintech platform, LoanTap, has announced a business collaboration with Muthoot Finance. This co-lending partnership will enhance the reach for Muthoot finance to the millennial audience by leveraging LoanTap’s technology and sourcing strength. Apart from the partnership with Muthoot Finance, LoanTap is already working in collaboration with many other RBI-registered NBFCs in a co-lending model for the salaried and MSME segments, LoanTap said in a statement. Ashish Jain, CFO of LoanTap said “With these co-lending partnership, LoanTap shall be able to further capitalise it’s reach to millions of customers and provide them seamless digital onboarding experience. This partnership will…
Ajay Adiseshan, Managing Director and Chairman, PayMate says “Due to the COVID-19 pandemic, businesses faced challenges with traditional methods of payments. By adding Utility bill payments on the PayMate platform, we have created yet another avenue for PayMate’s customers to use commercial credit cards; ultimately providing a fully integrated B2B payments stack to our customers.”
Anish Achuthan, Co-founder & CEO, Open Financial Technologies, said, “We now look forward to scaling the solution by working closely with banks to offer a suite of products for cross border payments and trade finance which will benefit millions of SMEs in India. We also plan to offer this solution to Financial Institutions globally through our enterprise banking offering- BankingStack”
The tie-up with City Union Bank will enable Tata AIA Life to expand its distribution through CUB’s 700+ branches
Ensuredit aims to utilize this funding to ramp up product offerings and expand the technology team.
Shikha will be responsible for driving Simpl’s merchant partners’ growth and success
Tide, a SME focused financial platform has partnered with Transcorp International Limited, a Category II dealer and PPI license holder to launch co-branded prepaid cards powered by RuPay for small and medium businesses.