FlexiLoans: Flexiloans partners with GooglePay to provide digital loans to small and medium businesses.


FlexiLoans announced cooperation with Google pay offer your merchants fast and flexible loans. The collaboration will close the credit gap by offering instant loans to small traders and entrepreneurs across India who cannot access formal loan. FlexiLoans aims to provide loans to more than 50,000 small businesses over the next 12 months through this collaboration.

FlexiLoans is the first lender to launch the Google Pay platform. The systems have been designed to provide better customer service. Over the past four years, the company has issued over Rs 1,000 crore unsecured business loans in 1,400 cities across India and has 100 ecosystem partners to access over Rs 5 million. IHR in the country. Flexiloans platform receives over 10,000 applications per month, mainly from Tier III and Tier IV cities in India. By the end of this year, he intends to reach an annual payment rate of Rs 1,000 crore in one year.

In a statement, Abhishek Kothari, co-founder, FlexiLoans.com said, “We’re excited to partner with Google on our mission to provide small business owners with affordable, fast credit. The timing is also good given the challenges this sector faced during the pandemic. ”

“Access to secure credit is key to accelerating MSME growth, especially in this post-pandemic environment. With technology, we can now provide credit to millions of merchants using Google Pay for business in different countries in just a few taps. India will get digital payments,” says in a statement from Google Pay Director Sharat Bulus.

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