Fintech digital lending platform, LoanTap has announced business collaborations with non-banking financial company (NBFC) - ArkaFincap Ltd. (Arka). Additionally, LoanTap has also partnered with RBI registered NBFC, MAS Financial Services Ltd. (MAS) in a co-lending model for the salaried and MSME segment.
The collaboration will allow LoanTap to utilise its technology and quick processes to tap into a larger customer base and enable loan disbursals through these partnerships, it said in a press statement.
Ashish Jain, CFO, LoanTap said,"These collaborations will allow LoanTap to reach out to a larger customer base and help these customers get access to our financial products and services. With these announcements, we will have six co-lending partnerships along with its own NBFC platform."
Gautam Sinha, Senior VP-Technology said, "LoanTap's technology platform 'LT-Flow' enables lenders to source, share risk (co-lend), underwrite, plug-in capital, and manage loans. With the help of LT FLoW, entities can easily start digital KYC, NACH, and agreement, along with AI-powered credit decisioning, thus seamlessly operate end to end digital lending. These collaborations are the step forward in that direction, wherein we are aiming at financial inclusion."
(With ANI inputs)
