Ambit Finvest, Skaleup tie-up to develop D2C loan app for MSMEs

New Delhi, Mar 28 (KNN) Ambit Finvest, MSME-focused NBFC lender on Tuesday announced that it has collaborated with Skaleup, the digital technology services arm of Bajaj Finserv’s subsidiary Bajaj Finserv Direct to develop a D2C (direct-to-customer) mobile app for instant loans for MSMEs and a web-based digital lending platform.

Making the loan process completely paperless the platform would enable MSME business owners for loans through an automated digital onboarding process.

The NBFC lenders has disbursed more than Rs 3,500 crore of loans since its inception and has served over 50,000 MSME business owners so far.

“Our core focus has been to develop a coherent strategy around capturing the maximum value from digital technologies catering to customer experience and operational efficiency,” said Sanjay Agarwal, CEO, Ambit Finvest in a statement.

Skaleup’s creditech solution is a low-code/no-code digital platform that will enable Ambit Finvest to manage a broad range of processes and services, from digital journeys and multiple products to managing complex workflows involving sales, underwriting & operations, said Ashish Panchal, CEO, Bajaj Finserv Direct.  (KNN Bureau)