Indifi Tech says its online loans for small businesses are up 200% year-over-year
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.