Indifi Technologies, an enabler for SME funding in India, announced the expansion of its partnership with India Infoline Finance Limited (IIFL). As a part of this partnership expansion, IIFL, broadening its horizons, will extend monetary aid to small businesses across segments that Indifi operates in-travel, hotels and retail.
"The partnership has progressed and pivoted into a multi - segment partnership. IIFL is a natural partner to Indifi Technologies as it is one of the most active lenders in the small business space, aligned to our focus on SMEs. IIFL also thrives on its deep understanding of the digital lending ecosystem, which makes this association a mutually benefiting one. We aim to expand this partnership across multiple segments and geographies in the coming months," said Siddharth Mahanot, Co-founder and COO, Indifi Technologies.
"As a part of the drive to make finance available for small and medium Indian enterprises through digital mode, India Infoline Finance and Indifi Technologies have taken this pioneering initiative. We believe our partnership will go a long way in bolstering digital finance drive in India and support the government's 'Make in India' program," added Nishant Jasapara, Head, Digital Finance, India Infoline Finance.
IIFL is a diversified financial group offering products such as life insurance, mutual funds, tax free bond, home loans and more. Indifi has been associated with IIFL since May 2016 when the partnership was inked. Ever since, over 100 loans have already been sanctioned to customers across different segments like travel and hotels.
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