As a part of this partnership expansion, IIFL would extend monetary aid to small businesses across segments that Indifi operates in like travel, hotels and retail.
“We have been partners with IIFL for a year now and we are very pleased with the way the partnership has progressed and pivoted into a multi-segment partnership. We aim to expand this partnership across multiple segments and geographies in the coming months,” Indifi Technologies Co-founder and COO Siddharth Mahanot said.
Indifi had inked partnership with IIFL in May 2016, and since then over 100 loans have already been sanctioned to customers across different segments like travel and hotels.
“We believe our partnership will go a long way in bolstering digital finance drive in India and support the government’s ‘Make in India’ programme,” Nishant Jasapara, Head, Digital Finance, India Infoline Finance said.
IIFL is a diversified financial group offering products such as Life Insurance, Mutual Funds, Tax free bond, Home loans and more.
Source: ET Tech