Poonawalla Fincorp Limited has collaborated with Krazybee to enter the digital consumption loans sphere. KrazyBee Services Pvt Ltd is a Non-Deposit taking Non-Banking Financial Institution (NBFC) registered with the Reserve Bank of India. Along with KreditBee, KrazyBee has over 20 percent market share of NBFC – Fintech disbursement in India.
This partnership will facilitate Poonawalla Fincorp to offer small ticket personal loans to individuals. The end-to-end loan disbursement will be digital with the credit appraisal being processed through a scorecard that identifies creditworthy customers. The collaboration between the two firms aims at disbursing over Rs 1,000 crores in the current financial year.
Managing Director, Poonawalla Fincorp, Abhay Bhutada said, “We are a digital-first and technology-led lender. Our collaboration with KrazyBee is a natural fit for our business strategy.”
