KreditBee expands its offerings to digital business loans, plans to offer larger ticket-size loans
KreditBee, India's leading online credit solution provider, announced the diversification of its product line, with entry into lending for businesses. The brand’s loan offering for self-employed customers reaffirms its commitment to drive financial inclusion for the underserved customers as well as provide collateral-free loans to small enterprises in India.
City Air News
Feb 23, 2024 07:48
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Hyderabad: KreditBee, India's leading online credit solution provider, announced the diversification of its product line, with entry into lending for businesses. The brand’s loan offering for self-employed customers reaffirms its commitment to drive financial inclusion for the underserved customers as well as provide collateral-free loans to small enterprises in India.
Speaking on the launch, Madhusudan Ekambaram, Co-Founder & CEO, KreditBee said, “Our business loan offering aims to empower a larger pool of underserved self-employed businesses, the backbone of our economy, with essential credit access. At KreditBee, we have gained a deep understanding of our vast personal loan unique customers of over 1 crore, including those with little to no credit history. The new product complements our existing offerings, supporting the growth capital needs of enterprises by self-employed individuals and salaried customers, who often struggle to access financing from formal sources. Through seamless digital processes and collateral-free loans, we aim to bridge the credit gap for underserved businesses, fostering success and contributing to India's small business sector development.”
