FlexiLoans, GooglePay partner to provide instant loans to SMEs1 min read . Updated: 07 Jul 2021, 12:31 PM IST
- FlexiLoans.com is the first lender to go live on the Google Pay platform, the company said
MSME focused digital lending platform FlexiLoans.com announces its collaboration with Google Pay to offer flexible loans to their merchant base. The collaboration will address the credit gap by offering instant loans to small merchants and entrepreneurs across India that are unable to access formal credit, FlexiLoans said in a statement.
FlexiLoans is aiming at disbursing loans to over 50,000 small businesses in the next 12 months from this collaboration. FlexiLoans.com is the first lender to go live on the Google Pay platform.
''The systems have been co-created and designed for a superior customer experience. FlexiLoans' proprietary technology platform has been deployed across many ecosystems in the country and are designed for embedded credit capabilities,'' it said.
In a statement, Abhishek Kothari, Co-Founder, FlexiLoans.com said, "We are delighted to partner with Google in our mission to empower small business owners with affordable and fast credit. The timing is also right given the hardships that this sector has faced during the pandemic."
Over the last 4 years, the firm has disbursed unsecured business loans worth over Rs. 1000+ Crs in 1400+ cities across India and has 100+ Ecosystem partners to get access to over 5 million MSMEs in the country.
"Access to reliable credit is key to accelerating the growth of MSMEs, especially in this post-pandemic environment. With the help of technology, we can now make credit available in just a few taps to the millions of merchants using Google Pay for Business across India to receive digital payments," said Sharath Bulusu, Director, Google Pay, in a statement.
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