Digital NBFC Clix Capital to disburse Rs 1,000 cr in unsecured MSME loans across 9 major cities

Mumbai, May 13 (KNN) Clix Capital, a digital-lending NBFC announced that it aims to disburse Rs 1,000 crore in unsecured MSME loans to the underserved micro-enterprises across nine major cities in India by the end of this fiscal year.

Making the announcement on Thursday, Rakesh Kaul, CEO – Clix Capital said this is a step towards achieving the company’s vision to simplify lending and enable financial inclusion.

Delhi, Jaipur, Chandigarh, Mumbai, Pune, Ahmedabad, Bangalore, Hyderabad and Chennai are the nine cities where the offering is readily available to MSMEs.

After restarting its operations in Jaipur and Ahmedabad, the digital lender plans to expand its operations to five additional cities by the end of FY23.

Speaking on the occasion, Kaul said, “One of the major challenges for MSMEs across India remains to be working capital financing and the gap has widened due to the pandemic as smaller businesses in India still lack a formal digital footprint. At Clix Capital, this is precisely the gap we have been working tirelessly to bridge.”

“Whatever be the business requirements of our consumers, whether for business expansion or working capital, we have this covered, he added.

The company’s customers range from manufacturers, retailers, wholesalers, service providers and it recently announced that it had crossed the Rs 15,000 crore disbursement milestone after its rechristening from GE Capital five years ago.  (KNN Bureau)