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Indifi Tech expands partnership with India Infoline

Press Trust of India  |  New Delhi 

Indifi Technologies, an enabler for SME funding in India, today said it has expanded its partnership with Infoline Limited (IIFL) to provide monetary aid to small businesses.

As a part of this partnership expansion, IIFL would extend monetary aid to small businesses across segments that Indifi operates in like travel, hotels and retail.

"We have been partners with IIFL for a year now and we are very pleased with the way the partnership has progressed and pivoted into a multi-segment partnership. We aim to expand this partnership across multiple segments and geographies in the coming months," Indifi Technologies Co-founder and COO Siddharth Mahanot said.

Indifi had inked partnership with IIFL in May 2016, and since then over 100 loans have already been sanctioned to customers across different segments like travel and hotels.

"We believe our partnership will go a long way in bolstering drive in and support the government's 'Make in India' programme," Nishant Jasapara, Head, Finance, Infoline said.

IIFL is a diversified financial group offering products such as Life Insurance, Mutual Funds, Tax free bond, Home loans and more.

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

First Published: Tue, March 21 2017. 16:49 IST