Flexi Loans Cofounders

Flexiloans.com, India’s leading MSME focused digital lending platform has won the prestigious “Excellence in Lending” award at ASSOCHAM’s 2nd edition of Annual FinTech & Digital Payments 2021.

In its efforts to fuel “Atmanirbhar Bharat “growth, FlexiLoans.com disburses at a run-rate of ~700 crores annually to MSMEs across 1,500+ cities using its in-house full-stack lending platform through 100% digital originations and zero branches.

It is currently one of the largest embedded finance players in India with more than 120 partners like Amazon, PayPal, PineLabs, Flipkart, MSwipe PharmEasy, etc. use their lending services. Its Co-lending platform bi-frost now has multiple co-lending financial intuitions that seamlessly participate in funding the MSME customers originated and assessed by FlexiLoans.

FlexiLoans’ full-Stack Lending Platform is built to be the operating system that can be used as a SaaS by any ecosystem. The firm proprietary data science algorithms effectively convert the borrowing experience into a buying experience.

In the last five years of its inception, FlexiLoans.com has built one of the largest MSME loan origination systems in the country. The company receives 100,000 applications per month, largely from Tier III and Tier IV cities in India.

ASSOCHAM organized its 2nd edition of Annual FinTech & Digital Payments on 8th September 2021. The idea of the award ceremony is to recognize the ‘breakthrough’ innovators in the FinTech market.

Manish Lunia, Co-Founder, FLexiloans.com, said, “We are honored to receive Excellence in Lending Award from ASSOCHAM. This recognition is a testament to FlexiLoans’ resilience and our ability to deliver accessible credit to MSMEs even in the most challenging of times such as the pandemic. This award is a recognition of all the efforts our team has put into creating a seamless and breakthrough consumer experience. We have developed an in-house full-stack lending platform that can be easily integrated with multiple ecosystems and enable credit solutions on those platforms.”

The conclave also saw the release of a report titled “FinTech for the Underserved: Future of FinTech and Payments to drive Financial Inclusiveness”. The report is prepared in collaboration with PwC as a knowledge partner.

ASSOCHAM initiated its endeavour of value creation for Indian industry in 1920. It was established by promoter Chambers, representing all regions of India. Having in its fold over 400 Chambers and Trade Associations, and serving over 4.5 lakh members across India. ASSOCHAM has emerged as the fountainhead of Knowledge for the Indian industry, which is all set to redefine the dynamics of growth and development in the Knowledge-Based Economy.

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Online Team Asia Tech is a team of Journalists, Entrepreneurs, and Enthusiast Writers who contribute to the platform by bringing everyday stories, updates, opinions and insights from the Asian Startup Ecosystem.

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