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Increase in default risk leads to rise in interest rate spread, decline in credit growth

FlexiLoans com partners Vivriti Capital to disburse loans worth ₹300-cr to MSMEs

FlexiLoans.com partners Vivriti Capital to disburse loans worth ₹300-cr to MSMEs May 24, 2021 The partnership will be powered by FlexiLoans.com’s technology and credit underwriting platform ‘BiFrost’ Fintech platform FlexiLoans.com has partnered with Vivriti Capital to provide working capital financing of over ₹300 crore to Micro, Small and Medium Enterprises (MSMEs) across the country. MSMEs can apply for loans online and receive in-principal approval within 24-48 hours digitally without manual intervention. The partnership will be powered by FlexiLoans.com’s technology and credit underwriting platform ‘BiFrost’, which has been integrated with Vivriti’s Co-lending platform ‘CredAvenue’The partnership is aimed at reaching out to more 10,000 MSMEs in the next 12-18 months, the company said in a statement.

Debt, liabilities increase 6 2pc to Rs45 470trln in March

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