NEWS: PayOpt Credit has rolled out its Digital Line of Credit proposition for AgriFI
Bengaluru, India, 5th June 2023 – FinBraine FinTech’s PayOpt Credit has launched its Digital Line of Credit proposition for AgriFI, aiming to digitize the farmer onboarding process, EKYC, underwriting, credit assessment, loan management system, repayments, collection process, and creation of a merchant network. This solution will empower farmers to conveniently access real-time loans digitally.
Anupam Pathak, Managing Director at FinBraine FinTech’s PayOpt Credit, stated, “AgriFI, as an AgriTech, presents new market opportunities for entrepreneurs, corporations, and investors. Our well-executed user experience builds trust through our Digital Line of Credit proposition, extending credit to the last mile.”
In collaboration with AgriFi Fintech Pvt Ltd and its AgriFI digital app, which serves as a comprehensive farmer super app catering to various needs such as loans, fertilizers, consulting, and services to enhance crop yield, PayOpt’s Digital Line of Credit solution will streamline and optimize loan disbursements for AgriFI. It facilitates digital capture of applicant information, expedites decision-making, and is particularly beneficial for first-time borrowers. Leveraging AI/ML tools, AgriFI can harness the power of analytics to make better-informed decisions.
“Taking digitally enabled PayOpt Credit solution is about keeping the solutions simple, modular, and affordable for the farmer, customers, and first-time loan clientele,” said Dr. Basavaraj Girennavar, Managing Director & CEO, AgriFi Fintech Pvt Ltd
About Finbraine
Finbraine Fintech Pvt. Ltd. is an Artificial Intelligence (AI) and Machine Learning (ML) technologies- based Fintech solution provider for various industry segments including but not limited to Banking, Micro-Finance, Telecom, Mobile Money Service providers, Wallet Service Providers, and Insurance, etc. FinBraine solutions are available in both B2B (Agent/Branch) models and B2C (end customer) models. PayOpt Credit is a unique highly customizable, secure, on-demand digital line of credit and financing solution using which, consumers can apply for a credit line, and financial institutions can approve and undersign the credit.
About AgriFi Fintech Pvt Ltd
AgriFi Fintech Pvt Ltd with a bunch of professionals dreaming about making agriculture more sustainable both ecologically and economically in a quick time with the help of technology. AgriFi Fintech Pvt Ltd is an IT, ICT, and IoT-enabled technology company with an intent to bring technology to the field of agriculture and the food sector. We work on precision and predictive agriculture while building a strong Agri-Ecosystem for the benefit of farmers, the economy and ecology. AgriFi Fintech Pvt Ltd works to fill the gap between farmers and the right kind of strategic information thus making the farmers ready for high-efficiency technology-enabled agriculture production and marketing.
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