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ZipLoan is a fintech company focused on providing working capital solutions for Indian MSMEs. StrideOne is building a digital banking suite for startups and their ecosystem
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StrideOne, a tech-led financial services platform and micro, small and medium enterprises (MSME) lender ZipLoan on Friday said both firms have entered into a strategic partnership for driving deeper penetration in the MSME credit space.
ZipLoan is a fintech company focused on providing working capital solutions for Indian MSMEs. StrideOne is building a digital banking suite for startups and their ecosystem.
According to the official statement, this partnership will double down on the synergies that exist between ZipLoan and StrideOne and is expected to accelerate StrideOne’s foray into the MSME ecosystem of startups.
"We are pleased to have StrideOne on board as a shareholder to help us scale up our operations. Combining StrideOne’s startup acumen and deep understanding of the entrepreneurial ecosystem in India with our experience of having served 11000+ MSMEs across 5 key markets will help us expand both our reach and product suite,” said Kshitij Puri, Co-founder and CEO, ZipLoan.
Ishpreet Gandhi, Founder, StrideOne, added, “With the evolving Indian startup landscape and the rise of multiple unicorns, tremendous opportunities have been unlocked for MSMEs as well. Despite their promise, however, MSMEs remain credit-starved and struggle with access to working capital. Aligned with our larger goal of fueling India’s entrepreneurial ambitions, our partnership with ZipLoan is a key strategic step towards enhancing financial inclusivity for MSMEs.”