Here are some platforms to boost MSMEs through innovative technology

To address the challenges in lending platforms sector, platforms like Rubique, TAB and CoinTribe have come out with strong, stable and sustainable model over the period and to help MSMEs and SMEs.

Rubique was the first ever portal to provide an online platform for one of crucial and faster growing segment SMEs (Small and Medium Enterprises).

Started in 2014, Rubique has emerged to be India's one of the largest financial portals, offering a comprehensive range of financial products and services from multiple banks and FIs, through a cutting-edge technology platform.

The online portal with the help of unique algorithm and AI facilitates the best deals across a wide range of loans such as personal loans, car loans, home loans, business loans, loans against property, credit cards, healthcare and construction equipment financing etc.

The USP of TAB Capital lies in not following the conventional route and making funding quicker and hassle-free. The platform has commissioned an advanced proprietary algorithm that leverages big data and analytics to simplify and accelerate loan application, verification, approval and disbursement.

TAB Capital promises a turnaround time of only two business days for collateral free business loans, an exemplary feat in the MSME lending space.

CoinTribe is a leading online loan disbursement platform that provides quick and easy collateral-free loans to small businesses and individuals. It is the only online lending platform which has back-tested its credit model with large banks.

It exercises an entirely digital loan assessment and 'decision process' requires minimal paperwork as well as documentation and involves no application cost for loan delivery through its platform.

The marketplace model facilitates loan origination and credit assessment through CoinTribe before it is shared with the banks. PaaS enables banks and NBFCs to utilize CoinTribe's platform for effective risk analysis and recommendations to digitally underwrite their own consumers.

CoinTribe's PaaS is equipping lenders across the country to become digital ready and enhance efficiency of their lending process.