INSUBCONTINENT EXCLUSIVE:
Startups have identified the gaps and created channels of smooth finance resource for micro entrepreneursNew Delhi: It is a well-known fact
that MSME (Micro, Small and Medium Enterprises) sector was suffering from dearth of finance, however, current year has given a much needed
boost to the MSMEs in India
The ultimate aim of financial inclusion required immediate push to be accomplished
So, here are some startups who have identified the gaps and created channels of smooth finance resource for micro
entrepreneurs:HappyPromising a unique borrowing experience to Indians, Happy Loans provides customized loan offerings to consumers to meet
It even offers micro business loans that start at as low as Rs
2,000 for durations as short as 30 days
Recently the platform announced to have disbursed more than 18,000+ MSME-based merchants loans.Aye FinanceAye has designed an innovative
This segment has historically been ignored by banks and formal lending institutions as these businesses maintain asymmetrical books of
experience that borrowers get in terms of speed of approval and disbursement, the relevance of the loan product to their business needs, and
finding the best rates in the market
Driven by the passion to bridge the gap in SME financing, Indifi has emerged as a technology strong enabler for small businesses to seek
Cointribe believes that effective underwriting is at the heart of solving the gap in SME lending market and is the only online lending
platform that has back-tested its credit model with large banks and continues focusing
CoinTribe has partnered with some of the leading Banks and NBFCs to simplify the SME borrowing experience requiring just the basic business
convenient, and affordable collateral-free credit to unbanked and underserved people through a strong credit assessment and centralised
Also, the platform identified that a lot of women entrepreneurs hesitate visiting branches
TheIndianSubcontinent staff and is published from a syndicated feed.)
