MSME lending platform Indifi Technologies said on Wednesday it had seen a 200% year-on-year growth in the amount of loans disbursed through partner lenders in December 2021.
Indifi said it recorded 100% growth in the number of loans disbursed from December 2020 to December 2021.
During this period, Indifi also doubled the number of its lending partners and demonstrated the highest collection efficiency in the last 12 months, the highest in the company’s history. To maintain this growth momentum, Indifi aims to grow its lender partnership business by over 100% in 2022 and secure at least three new lending partners in Q1 2022, including a reputable private bank and industry banks. public.
The company said in a statement that the growth it has recorded is due to several factors such as the ecosystem approach to lending it has created, which allows it to bring synergies across demand partners. and supply.
Indifi leverages partnerships with leading tech aggregators such as Zomato, Amazon, Swiggy, Facebook, and more to enable integrated lending solutions for underserved, but creditworthy, small business owners registered on their platform. -form. This allows Indifi platform lenders to onboard once and gain access to over 50 small business ecosystems.
“As a platform, we seek to bridge the gap between historically underserved MSMEs and lenders. Through partnerships on both the demand and supply side of the lending spectrum, we are able to leverage low-cost capital held by lenders as well as leverage technology and data from MSMEs hosted on ecosystem platforms to break down lending barriers for MSMEs. It is this digital and data-driven strategy that has unlocked these growth numbers despite the ongoing pandemic,” said Siddharth Mahanot, Co-Founder and COO of Indifi Technologies.
Dear reader,
Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.
As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.
Support quality journalism and subscribe to Business Standard.
digital editor
