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A total of 85 per cent of disbursals made by StrideOne have been to MSMEs, a sector that is key to India’s social economic ambitions yet credit-starved
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StrideOne, a tech-led financial services platform for startups on Tuesday said that it has crossed the Rs 500 crore disbursals mark in just six months of inception.
StrideOne focuses on providing designed customised financial solutions to micro, small and medium enterprises (MSMEs) and supply chain partners of startups (anchors), the company said.
A total of 85 per cent of disbursals made by StrideOne have been to MSMEs, a sector that is key to India’s social economic ambitions yet credit-starved.
Abhinav Suri, Co-founder, StrideOne, said, “Aligned with our larger mission of fueling India’s entrepreneurial promise through financial inclusion, we at Stride knew the answer to this barrier to access to finance for MSMEs lies in technology."
Suri added that the unprecedented growth momentum we have achieved in our maiden year at StrideOne is a testament to the potential of tech-led credit distribution models. We are extremely bullish on doubling down this growth and are working towards diversifying our offerings to continue to enable India’s MSME success story.”