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Biz2Credit establishes strategic alliance with Tally Solutions

ANI  |  New Delhi [India] 

Biz2Credit, a leading for finance, today announced that it has entered into a strategic alliance with Tally Solutions Pvt. Ltd., a multinational company that provides accounting software to small and mid-sized businesses.

This alliance will enable easy access of to thousands of small and mid-sized companies in the country.

has provided more than USD 2 billion in financing to thousands of small and mid-sized companies.

"The lending sector is one of the biggest contributors to the growth story. While MSMEs are a priority area for lending by financial institutions, access to credit for entrepreneurs in still is limited," said Ramit Arora, of Biz2Credit

Through the Biz2Credit-Tally Add On, lenders can access financials, GST returns, P&L statements for small businesses that use Tally. Lenders using the platform in can check during customer acquisition if the owner is a Tally user. If yes, the platform will generate a unique ID that the customer will use to invoke the 'Add on'.

With this add on feature, users will be able to share relevant financial data instantly with Biz2Credit lenders. This data can be further used for establishing veracity of financial statements and underwriting.

"Biz2Credit's digital lending platform has several innovative features that enable lenders to focus on providing credit to small business customers and reducing risk, thereby increasing growth and cutting operational overhead," Arora added.

He said, "Our alliance with Tally Solutions will help Indian entrepreneurs to quickly secure the funding they need to expand their companies. We are thrilled to help Tally Solutions expand its footprint in India's small business industry, digitally.

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

First Published: Fri, June 08 2018. 18:00 IST
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