During the current holiday season, LivFin anticipates disbursing between Rs 150 and Rs 170 crore per month
- ByStartupStory | September 29, 2022
As a fintech company registered with the Reserve Bank of India (RBI), LivFin anticipates a monthly disbursal of between Rs 150 and Rs 170 crore during the current holiday season as opposed to between Rs 90 and Rs 100 crore per month during the same period last year.
The company works with mid-sized to large-sized organisations (anchors) to establish structures to lend to their suppliers and vendors on the one hand, and their distributors, dealers, and retailers on the other. It also provides supply chain finance, small business loans, and working capital to MSMEs.
Agribusiness, consumer electronics, and manufacturing are three industries that are experiencing strong demand, according to Harshad Malhotra, director and head of business at LivFin. Dairy is developing quite well in the agricultural sector.
Malhotra stated that the present loan disbursement pace is anticipated to last through March 2023. He claimed that the increase in interest rates is being passed on to the customers in his comment regarding them. “Convincing the customers takes time. However, he added, “We are speeding up turnover. By March 2023, the company hopes to have Rs 800 crore in assets under management (AUM), thanks to a strong pipeline it has developed through its network.AUM for the company reached Rs 400 crore by March 31, 2022, a 210% increase from the previous year.
“LivFin is closely collaborating with a number of anchors to structure products that will improve supply chain financing. To help the vendors and distributors of the anchor corporations increase their top and bottom lines, we are dedicated to creating an NBFC, Malhotra added.
Since the majority of small and medium-sized enterprises in India are hindered by the lack of interest of banks and NBFCs in lending to them, LivFin acts as a bridge between lenders and borrowers by revolutionising the way credit is evaluated and provided to this target market.
By using alternative data sources, LivFin’s technology-driven credit decision-making system has sped up the delivery of funding options to underbanked MSMEs.
Follow Startup Story
Related Posts
