Indifi Technologies And IIFL's​​ ​Partnership Shows Incredible Annual Growth Rate Of Around 200%

Indifi Technologies, one of India’s leading enablers for SME funding, and India Infoline Finance Limited (IIFL Finance), one of India’s largest non-banking finance companies has said, loans distributed through their partnership has grown 200% annually on the back of better credit analysis and digital efficiency.

The companies said, the partnership expanded from being a single-segment into a multi-segment one improving loan processing speed as well boosting the health of loan portfolio.  Currently, the partnership between the two companies covers SMEs operating in the travel, hospitality, invoice discounting, food, retail, and ecommerce spaces.

IIFL Finance is one of the most active lenders in the small business space, and has one of the widest reach across India in many unbanked areas, serving multiple segments with over 4 million customers. Through its association with Indifi, IIFL was able to provide segment-specific underwriting on the back of Indifi’s analysis of merchant data. This has allowed IIFL to disburse credit on the basis of more reliable credit rating capacity, driven by Indifi’s cutting-edge technology platform.

Commenting on the partnership, Siddharth Mahanot, Co-founder and COO, Indifi Technologies, said, “Our association with IIFL has been a pivotal one, progressing in the last 20 months into opening newer segments and disbursing greater amounts of capital over time to SME businesses in need. Our ability to help IIFL through our data-driven, tech-based model with full customer and lifecycle management, coupled with its robust disbursal network, has enabled us to show tremendous growth. The association has shown a nearly 48% quarterly compounded growth rate, while the rate is 200% on an annual basis. We believe this partnership and its success is a product of the great synergy between our companies, and we look forward to continuing it to reach new milestones together in the future.”

Nishant Jasapara, Head, Digital Finance, India Infoline Finance Limited, added, “We have prided ourselves on our drive towards making finance available for small and medium enterprises, especially through the digital mode. Our pioneering association and initiative with Indifi Technologies helped us use its analytics to run creditworthiness checks and disburse loans in a small fraction of time compared to legacy processes. We believe our partnership will go a long way in promoting growth amongst the financially excluded organizations in the country.”