Gromor Finance is a leading fintech company set up with a vision to make small business owners sustain financially. For their lending management solution, they relied on Finezza. Here’s how Gromor benefited by automating their disparate processes and improve its loan processing efficiency, using Finezza. It also enabled improved customer experience. Introduction Gromor Finance is […]
Finezza: The Unique Lending Lifecycle Management Tool Your Business Needs!
For small business owners, business loans are opportunities – either to grow the business, to upgrade their equipment/technology, to hire new people, or to simply meet their working capital needs. When they approach a lender, there are a few things they expect from the lender: An easy loan application process. Security of the submitted documents. […]
Assessing Line of Credit Applications: Best Practices for Lenders
Today, a growing number of consumers require funds for personal, or business reasons. The funds may be used for a home renovation, expenses after a job lay-off, or to fund business operations. The value of funds can vary. Typically, such borrowers apply for a line of credit, which allows them to get access to funds […]
Seeking a Banking-as-a-Service Partner? Understand These Risks & Complexities
Banking-as-a-Service (BaaS) has emerged as an innovative factor in the realm of finance. It makes it possible for non-banking enterprises, such as fintech startups, e-commerce platforms, etc., to offer banking services to their customers without establishing a conventional bank. According to projections, the BaaS business model will generate around USD 30 billion in revenue in […]
Why Are Lenders Betting Big on Supply Chain Finance?
Micro, Small, and Medium Enterprises (MSMEs) are often considered the backbone of the Indian economy, and they account for approximately 30% of India’s GDP and employ close to 111 million individuals. The COVID-19 pandemic posed many challenges across industries and disrupted supply chains. The current Russia-Ukraine war and periodic lockdowns in China have added to […]
Digital Lending’s Future: Secrets, Obstacles, and Success
India’s digital lending market is expected to grow to $1.3 Trillion in 2030, says Inc42. Technological growth, higher internet penetration and the tiresome loan application process in traditional banking establishments have pushed many towards digital lending. Moreover, customers’ demand for a faster and simpler loan application process has propelled lenders to go online and adopt […]