FlexiLoans And Vivriti Capital Partner To Disburse Loans To MSMEs Worth Rs 300Cr
- ByStartupStory | May 24, 2021
FlexiLoans and Vivriti Capital partner to provide working capital financing to micro, small and medium enterprises (MSMEs) by disbursing loans worth Rs 300 crore.
“Vivriti has been our long-standing lending partner and its digital-first approach, deep lending expertise syncs perfectly well with our co-lending ideology of providing quick, hassle-free and adequate financing to the deserving small merchants across India,” Commenting on FlexiLoans and Vivriti Capital partner to disburse loans worth Rs 300Cr.
MSMEs, Deepak Jain, co-founder of FlexiLoans.com said, The MSMEs will be able to apply for these loans online and will also receive in-principal approval within 24- 48 hours digitally without any manual intervention.
FlexiLoans and Vivriti Capital partner will be powered by the fintech platform’s technology and credit underwriting product, ‘BiFrost’, which has been fully integrated with Vivriti’s co-lending platform- CredAvenue.
The aim of this initiative is to reach out to more than 10,000 MSMEs in the next 12-18 months.
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