Pune (Maharashtra) [India] April 19 (ANI/BusinessWire India): Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has entered digital consumption loans space through a tie-up with KrazyBee. Under this partnership, Poonawalla Fincorp will offer small ticket personal loans to individuals. Poonawalla Fincorp focusses on consumer and small business finance as a part of its stated strategy.

Mumbai Maharashtra India Business Wire India Zomato has partnered with InCred to help cash-strapped food businesses operating under Zomato food delivery platform across India by offering zero processing fees on credit from 1st September 2021 till 31st October 2021 The partnership will support over 50000 businesses working with Zomato to overcome any credit crunch with tailor-made solutions The COVID-19 restrictions and two lockdowns within a year have adversely impacted the food delivery industry With the opening up of the economy the business has bounced back to pre-covid levels Nevertheless the restaurants continue to face challenges in terms of working capital crunch due to factors like shortage of staff different rules in different states vaccination of staff etc Talking about the campaign Saurabh Jhalaria CEO SME Business InCred said Millions of loans are sanctioned in India every day but dated policies make financial inclusion a problem for many At InCred we have always been determined to make credit more accessible Currently the industry charges 2 to 3 of the total loan amount as processing fees which can be a deterrent and a dampener for those really in need of taking a business loan Our partnership with Zomato to extend zero processing fee loans will help such small businesses and restaurants to bounce back The new-age financial service platform provides a hassle-free digital journey of acquiring the loan and doesnt involve any tedious paperwork The simple eligibility criteria require the businesses in need of credit to be listed on Zomato for at least six months and have a monthly business of 30000 to benefit from the offer The Non-Banking Finance Company NBFC focuses on consumer loans education loans and SME loans Using technology and data science the credit provider is redefining lending making it quick simple and hassle-free PWR PWR

Mumbai (Maharashtra) [India], September 17 (ANI/BusinessWire India): Zomato has partnered with InCred to help cash-strapped food businesses, operating under Zomato food delivery platform across India, by offering zero processing fees on credit from 1st September 2021 till 31st October 2021.