18 C
Imphal
Tuesday, March 19, 2024
No menu items!

Ambit Finvest partners with Bajaj Finserv Direct to launch D2C digital lending platform

The platform would enable MSME business owners to avail instant business loans through a completely paperless and automated digital onboarding process.

Must Read

- Advertisement -

Mumbai: Ambit Finvest Private Limited, the Non-Banking Financial Company (NBFC) of the Ambit Group, has partnered with SKALEUP, the digital technology services arm of Bajaj Finserv Direct Limited, a subsidiary of Bajaj Finserv Limited, to develop a D2C Mobile App – Ambit Finvest – Instant Loan App and Web-based digital lending platform.

The platform would enable MSME business owners to avail instant business loans through a completely paperless and automated digital onboarding process.

Through its API integrations with various tech-enabled credit-related services and a unique rule engine-based decision making process, the platform provides a seamless customer onboarding experience and ensures delivery of the maximum eligible loan amount in the shortest possible time without human intervention.

Ambit Finvest’s core focus has been to empower the underserved grass root MSME businesses through a quick and low cost credit delivery model by embracing technology. Ambit Finvest has served more than 50,000 MSME business owners so far and has disbursed over Rs. 3500 Crs of loans since its inception.

Sanjay Agarwal, CEO, Ambit Finvest, said, “Our core focus has been to develop a coherent strategy around capturing the maximum value from Digital Technologies catering to customer experience and operational efficiency. We are extremely proud to be associating with the talented and enthusiastic team at SKALEUP to build a platform, which offers a seamless and completely digital customer onboarding journey.”

Ashish Panchal, CEO, Bajaj Finserv Direct, said, ”Digital innovation has rapidly altered India’s financial services landscape. Bajaj Finserv Direct plays an active role in this evolving financial ecosystem by offering technology solutions that revolutionizes the way lenders, businesses and consumers engage. SKALEUP’s Creditech solution is a low-code/no[1]code digital platform that enables data-driven decisions. This platform will enable Ambit Finvest to manage a broad range of processes and services, from digital journeys and multiple products to managing complex workflows involving sales, underwriting & operations.”

- Advertisement -
- Advertisement -

Latest News

IIM Shillong hosts Australian Consul General Hugh Boylan

Shillong: IIM Shillong hosted Hugh Boylan, Consul General, Australian Consulate General, Kolkata as part of the Pangea Series an...
- Advertisement -

More Articles Like This

- Advertisement -