Mumbai-based financial and investment service provider, Tata Capital, has launched an online working capital lending platform to provide easy, seamless and paperless financial services to customers. The move is part of the company’s strategy to expand its customer base across India.
The platform, which is developed in partnership with Biz2Credit, helps customers avail loan sanction up to $291.87K.
“Our new online working capital platform is designed to make commercial borrowing easier, convenient and super-fast”, said Tata Capital Managing Director Kusal Roy.
The online lending platform will also allow customers to access their loan account details and utilize the loan limits anywhere anytime. The US-based Biz2Credit is providing the technical backing and financial service support to the lending platform.
“Our partnership with Tata Capital has expanded access to capital for millions of small and mid-sized entrepreneurs in India. Through Biz2Credit’s proprietary technology and Tata Capital’s resources, we are able to help SMEs quickly and easily secure the funding they need to grow”, said Rohit Arora, co-founder,and CEO of Biz2Credit.