Indifi And GPay Join Hands To Offer Instant Digital Credit的partnership enables presence-less and instant access to unsecured loans to a large pool of small businesses that are registered on GPay

ByShrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Indifi Technologies, one of India's leading MSME lending platforms, has recently collaborated with Google Pay to provide instant loans to eligible small merchants on the Google Pay platform.

的biggest challenge that most small business owners currently face is working capital management and the speed of securing capital to manage the same. The collaboration aims to address this problem and help small merchants to meet their working capital needs and thrive in their business journey.

的partnership is aligned to Indifi's differentiated ecosystem based approach to lending. As the leading ecosystem lending player in the digital MSME credit space, Indifi has already partnered with Amazon, Zomato, Swiggy and more. Indifi serves the MSMEs present on these ecosystem platforms, through embedded lending offerings. Indifi has been successful in bridging the credit gap of these underserved, yet credit worthy businesses by leveraging data and technology mitigating the underwriting challenges associated with MSMEs.

“几家小企业在印度仍然挣扎to run their operations seamlessly due to lack of access to formal credit. Since its inception, Indifi has strived to address this credit gap. Our collaboration with Google Pay is another step in this direction. Further, Indifi has always been mindful of the larger social impact it can create for the community that it serves," said Aditya Harkauli, chief business officer of Indifi.

的lending experience is designed to be simple, smooth and entirely digital. Eligible merchants on the Google Pay for business app will see loan offers from Indifi which they can click and complete through a simple online application, said a statement.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense.

Related Topics

Thought Leaders

5 Books Every Entrepreneur Should Read Before Starting a Business

A selection of books that helped me found and scale a startup from a $10,000 line of credit to a billion-dollar business

News and Trends

RBI Keeps the Repo Rate Unchanged for the 4th Time this Fiscal Year

的MPC kept the Repo Rate unchanged for a total of four MPC meetings this year so far. The previous change in the key rate took place in February 2023 when RBI hiked the repo rate by 25 basis points to 6.50 per cent.

Entrepreneurs

3 Key Things Investors Look For In a Founder Before Signing a Cheque

One thing that determines the success of a startup is its founder. And, that is why it has become crucial for investors to bet their money on the right founders

Technology

No Need to Have a 'FOBO' for AI

It is a well- known fact that before AI takes your job, someone using AI will take it. To stay relevant in the job market, it is then absolutely essential to adopt AI and automation tools to enhance one's productivity to ensure that his or her job is not rendered obsolete.

Business News

KFC Has Been Dethroned as No. 2 Chicken Chain in the U.S. — Here's Who Took Its Spot

A viral chicken sandwich led to an increase in market share.

Thought Leaders

From Side Hustle to Full-Time Success — 6 Ways to Turn Niche Interests into Profitable Ventures

A hobby, pro bono work or charity project can turn into a money-making business if you know the right steps to take.