India's largest online lending platform: Apply for loans from anywhere, anytime and get in-principle approvals
Share on Despite the wide banking network, Indian MSMEs still face challenges while securing finance from formal banking channels due to convoluted lending procedures, tedious paperwork, inflexible collateral requirements and slow disbursements. On the other hand, it takes a considerable amount of time and effort for a lender to collect data and verify it before taking the proposal ahead. In 2016, Jinand Shah, a practising CA who was trying to raise funds for small companies, wondered if there was a possibility to digitise the process, so that MSMEs could get the funding faster. While conver...
Source: yourstory.com