Happy, JaldiCash associate to offer loans in real-time

Happy, an innovative financial service provider with a vision of providing much-needed banking services to underserved and financially excluded micro-enterprises has announced its partnership with leading remittance provider JaldiCash.

The collaboration will help provide JaldiCash's network of agents in these markets with convenient access to Happy Loan's unique products. JaldiCash, a part of Rs. 65+ billion Weizmann group, has been instrumental in providing digital payment solutions to the under-served Tier 2 and Tier 3 markets.

Happy has integrated its systems with JaldiCash's platform to get relevant comprehensive information. Using this data, Happy can run its cutting-edge AI and Machine Learning-driven analytics engine to receive an accurate understanding of the credit score to make loan offers for the agents in real-time.

Through this partnership, Happy intends to reach out to JaldiCash's agent network of over 18,000 micro-enterprises in India, which will help facilitate the increased digitization of this underserved market of our country.

"Through this association, we are increasing our outreach into Tier 2 and Tier 3 cities of India - the spaces with the greatest growth potential today. We are excited to begin this journey with our new partner, and look forward to giving JaldiCash's agents, a new and more efficient way to get credit in a way designed to empower and enable them," said founder and MD Happy, Manish Khera.

"We have worked to put the power of the digital payments ecosystem into the hands of our large agent network, and are excited at the prospect of not just helping them do business more efficiently, but also to provide fuel for their growth through Happy Loans. We are very excited about this partnership and look forward to a more satisfied and growing network," said Business Head, JaldiCash, Sandeep Sharma.