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Aye Finance introduces android-based App to expedite MSME lending

Business Finance


Fintech lender Aye Finance on Wednesday announced the launch of an android-based loan application workflow for its fleet executives.

A leap forward, the android-based loan application solution to expedite MSME lending will enable faster delivery at the door step of micro businesses.

The fintech lender has equipped its 1000+ field staff with an android based loan application workflow, which works on the cloud infrastructure facilitating a low cost operations that helps the inclusion of a larger number of grassroots businesses into the folds of organized lending.

This platform integrates the entire loan process from customer enrolment, underwriting, monitoring and disbursal, allowing improved accuracy and turnaround times.

"We have removed the friction in customer origination process by use of paperless- cloud CRM based origination process that performs digitally the KYC, credit bureau reporting with minimum fuss," said founder and MD Aye Finance, Sanjay Sharma.

Earlier last month, Aye Finance became the first finance company to receive equity investment from CapitalG (formerly Google Capital) worth USD 21.5 million in Series C equity from the venture capital fund owned by Alphabet Inc. as well as its exiting investors SAIF Partners and LGT.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, June 27 2018. 16:04 IST