By Tricitynews Reporter
Chandigarh
01st September:- Biz2Credit, a leading U.S.-based
online marketplace for small business finance, today announced that it has
partnered with Kotak Mahindra Bank, India’s fourth largest private sector bank.
This alliance will focus on expanding access to salaried individuals for
Personal Loans.
Through this arrangement, Kotak
Mahindra Bank will leverage the acquisition channels and innovative FinTech
software developed by Biz2Credit in India. Thus, financing will become
more easily available to thousands of salaried individuals. Since its inception
in 2007, Biz2Credit has provided more than $1.4 billion in financing to
thousands of companies in the United States.
Kotak Mahindra Bank, having total
assets of INR 1,898.20 billion ($ 28.1 billion; $ 1 = INR 67.62) as on
June 30, 2016, will start leveraging the Biz2Credit platform and alliances to
increase its Salaried Personal Loan book.
Rohit Arora, CEO of Biz2Credit, an
Indian-born immigrant, said that the banking sector in India, Asia’s fastest
growing major economy is the lifeline for many start-up businesses and
supporting these financial institutions will be essential for progress,
especially for those in rural and remote areas. He said that we are excited to
partner with Kotak Mahindra Bank. This alliance will effectively improve the
access to loans in India.
Deepak Sharma, Chief Digital Officer,
Kotak Mahindra Bank said that we look forward to providing
high-quality financial solutions to our clients with through this alliance with
Biz2Credit, a trusted partner with global expertise.
Financing on Biz2Credit’s platform
ranges from $1,500 to $90,000 and can be coordinated in as little as 24 hours
for personal loans, working capital, commercial real estate and other uses.
No comments:
Post a Comment