NEWS: PayOpt Credit announces collaboration with Buldana Urban for the Digital Line of Credit to digitize the Farmer Lending
Buldhana, 05th June 2023; At the Agreement Signoff Event today, FinBraine FinTech’s PayOpt Credit announced the immediate launch of its Digital Line of Credit proposition, that will digitize the process of onboarding, EKYC, underwriting, credit assessment, loan management system, the repayments, and the collection process for Buldana Urban. This solution will enable farmers to access loans in the shortest span, and Buldana Urban will absolutely advance its lending ecosystem.
“Digital line of credit has become a major tool to promote financial inclusion in India, credit for next half a billion and linking of line of credit on UPI will open up new avenues” said Anupam Pathak, Managing Director at FinBraine FinTech’s PayOpt Credit
The PayOpt’s Digital Line of Credit solution will optimize loan disbursements cycle at Buldana Urban and the digital lending platform is all about speed, that enables to capture of Applicant information digitally, quicker decision making and perfect for first-time borrowers. This solution is complied with all the rules and regulations that are applicable for digital lending in India. On the top above they would also like to leverage on the power of analytics. “Taking digitally enabled PayOpt Credit solution is about keeping the solutions simple, modular, and affordable for the farmer, customers and first-time loan clienteles” said Dr. Sukesh Zamwar, Managing Director & CEO, Buldana Urban Cooperative Credit Society.
About Finbraine:
FinBraine Fintech Pvt. Ltd. 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) model 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 Buldana Urban Cooperative Credit Society:
Buldana Urban Cooperative Credit Society was formed on 15th August 1986. Chairman (Mr.) Radheshyamji Chandak started it with capital of $210 and 72 members. In a span of 27 years and mainly in last decade under Managing Director Dr. Sukesh Zamwar, the Credit Society has grown to size of $1.1 billion business with more than half a million membership. The area of operation is mainly in central and western India in four states of India. Now the society has 333 branches and 5000 employee and 300 warehouses. Total built up area for Warehouse is 5,000,000 sq feet and capacity of 435,000 metric tons. It maintains a presence in most of the metro cities of India and in rural areas.
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