The startup aims at lending close to Rs 25 crore in the rest of Tamil Nadu and disbursing 10,000 loans by this year-end, a press release said.
"As of now, we have approximately 50 lakh people working in the industrial belt. We have a plan to further widen our presence," the release quoted co-founder and CEO of OpenTap Senthil Natarajan as saying.
The startup, focussing on providing short-term credit for underserved with a monthly income of less than Rs 25,000, has presence in Bengaluru, Chennai, Coimbatore, Nashik, Puducherry, Pune, Salem and Tirupur.
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