Leveraging Technology For Business Loans | CXOToday

 

‘Digital India’ is much more than a political slogan. At its core, it is the belief that technology can help improve access to services for hitherto neglected segments of society and the economy.

One such segment is SMEs. Technology is already revolutionizing lending in India and it can bring a true disruption in SME lending, which is ripe for improvements. Measuring borrower risk accurately is something that lenders have always struggled with. This gets trickier with smaller businesses given that such these borrowers do not always have organised revenues and expense trails.

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Demonetisation: Uncertainty means MSMEs funding scenario hugely negative | Economic Times

 

Traditional lenders are pulling back in the short term as they wait to see the impact of de-monetization on their current portfolio and grapple with uncertainties in SME business performance and collateral prices. In the medium- and long-term, capital availability and lending will increase significantly as lenders get better visibility on business performance and more business transactions are recorded digitally.

– Shailesh Jacob

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Loan Frame raises Rs 15 crore in seed round | Economic Times

 

Small and medium enterprise-focused online lending platform Loan Frame Technologies has raised a seed round of $2.25 million (about Rs 15 crore), the latest venture-backed transaction in the country’s web-based lending space.

The investors in the round include Parag Saxena, co-founder of Vedanta Capital, William Campbell, former chairman of Visa International and Toos Daruvala, co-chief executive of MIO Partners, an internal investment arm of global consultancy McKinsey and Co. Saxena is also the founding general partner of private equity firm New Silk Route.

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Loan Frame: Solving the Financing Problem for Indian SMEs | Business World

 

Borrowers can apply for a loan by logging onto Loan Frame’s website or by downloading its Android app. The company does detailed assessment of the needs of the SMEs and then provides the right solutions for the SMEs, at the most competitive interest rates

Loan Frame was launched in mid-2016 with the objective of redefining the experience of borrowing by SMEs in India. The Company is India’s first lending marketplace fully dedicated to SMEs. Loan Frame caters to the varied loan requirements of SMEs up to Rs. 50 crores. The company differentiates from its peers with its wide set of lending products to cater to almost all needs of small and medium sized businesses.

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Exclusive: Vedanta Capital leads seed round in fintech firm Loan Frame | VC Circle & Tech Circle

 

Gurgaon-based fintech startup Loan Frame Technologies Pte Ltd has raised $2.25 million (Rs 15.3 crore) in seed investment led by Vedanta Capital, a top company executive told Techcircle.

Other investors who participated in the round include William Campbell, former chairman of Chase Card Services, and Toos N Daruvala, co-CEO of MIO Partners, Inc., McKinsey Investment Office.

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