Indifi’s online marketplace for unsecured small business loans has grown by 200 per cent year over year
- ByStartupStory | February 10, 2022
Indifi Technologies, an MSME lending platform, revealed in December 2021 that loan amounts distributed via partner lenders had increased by more than 200 per cent year over year.
In addition, from December 2020 to December 2021, Indifi saw a 100 per cent increase in the number of loans awarded. Indifi has also increased its lending partners during this time and achieved the greatest collection efficiency in the previous 12 months, the highest in the company’s history.
Indifi wants to increase its lender partnership-led business by over 100% in 2022 and onboard at least three new lending partners in Q1’22, including a flagship private bank and public sector banks, to maintain this growth pace.
The firm stated in a statement that its success is attributable to a number of factors, including the ecosystem-based approach to lending it has developed, which allows it to generate synergies between demand and supply partners.
Indifi works with big digital aggregators such as Zomato, Amazon, Swiggy, Facebook, and others to provide embedded loan solutions to underserved but credit-worthy small business owners that register on their platform. This allows Indifi’s platform lenders to integrate once and have access to more than 50 small business ecosystems.
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