: CredRight, a financial technology start-up focused on facilitating loan to the MSME sector, Saturday said it has commenced its operations in Tamil Nadu and aims to disburse more than Rs 50 crore by 2020.
The Hyderabad-based company announced setting up of branch network in the city and said it would soon foray into Coimbatore and other cities in the state.
During the next 12 months, CredRight planned to reach out to more than 10,000 customers in Tamil Nadu to serve the chit funds subscribers in micro, small and medium enterprise (MSME) sector with a targeted monthly disbursement of more than Rs 20 crore, a company release said.
CredRight aims to disburse loans of more than Rs 50 crore by end of March 2020. The data-driven lending platform, facilitates loans to micro and small enterprises, the release said.
In Chennai, the company has tied-up with Mayabaram Financial Company to reach out to 10,000 customers, the release added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app