Andromeda has partnered with Biz2Credit
BENGALURU: Loan distributor Andromeda has entered a strategic alliance with Biz2Credit, a US-based fintech marketplace and platform for business funding. The collaboration will facilitate Andromeda to leverage Biz2Credit’s financial services technology and patented analytics platform to deliver a convenient lending experience for borrowers in India.
Andromeda which has disbursed loans to the tune of Rs 13,000 crore last year, is aiming at disbursal of Rs 18,000 crore in current financial year.
Biz2Credit which currently delivers a streamlined and diversified experience to borrowers in the US market, will be able to bring such experience for Indian consumers through this partnership.
The platform will enable borrowers to complete all documentation pertaining to the loan application steps digitally and make the approval process faster owing to the seamless integration with a growing list of lenders.
“We have come together to disrupt lending markets in India for better customer service levels. The partnership will witness Andromeda leverage Biz2Credit’s patented technology for its expansive network in India,” said V Swaminathan, founder, Andromeda.
Andromeda which has disbursed loans to the tune of Rs 13,000 crore last year, is aiming at disbursal of Rs 18,000 crore in current financial year.
Biz2Credit which currently delivers a streamlined and diversified experience to borrowers in the US market, will be able to bring such experience for Indian consumers through this partnership.
The platform will enable borrowers to complete all documentation pertaining to the loan application steps digitally and make the approval process faster owing to the seamless integration with a growing list of lenders.
“We have come together to disrupt lending markets in India for better customer service levels. The partnership will witness Andromeda leverage Biz2Credit’s patented technology for its expansive network in India,” said V Swaminathan, founder, Andromeda.