FlexiLoans, GooglePay partner to offer instant loans to SMEs

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MSME-focused digital lending platform FlexiLoans.com announces its collaboration with Google Pay to provide flexible lending to their merchant base. The collaboration will help close the credit gap by providing instant loans to small traders and entrepreneurs across India who cannot access formal credit, FlexiLoans said in a statement.

FlexiLoans aims to provide loans to more than 50,000 small businesses over the next 12 months through this collaboration. FlexiLoans.com is the first lender to go live on the Google Pay platform.

The systems were co-created and designed for a superior customer experience. FlexiLoans proprietary technology platform has been deployed in many ecosystems across the country and is designed for integrated credit capabilities, ” he said.

In a statement, Abhishek Kothari, co-founder of FlexiLoans.com, said, “We are delighted to partner with Google in our mission to provide small business owners with affordable and fast credit. Now is also a good time given the difficulties this sector has faced. encountered during the pandemic. “

Over the past 4 years, the company has disbursed unsecured business loans worth over Rs. Over 1000 Crs in over 1400 cities across India and over 100 ecosystem partners for have access to more than 5 million MSMEs in the country.

“Access to reliable credit is essential to accelerate the growth of MSMEs, especially in this post-pandemic environment. With the help of technology, we can now make credit available with just a few clicks to the millions of merchants using Google Pay for Business across India will receive digital payments, ”Sharath Bulusu, director of Google Pay, said in a statement.

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