Flexiloans and Google Pay partner to offer loans to merchants via GPay, BFSI News, ET BFSI



FlexiLoans.com, India’s MSME-focused digital lending platform has partnered with Google Pay to offer fast and flexible loans to their merchant base. The collaboration will address the credit gap by offering instant loans to small merchants and entrepreneurs across India that are unable to access formal credit. FlexiLoans is aiming at disbursing loans to over 50,000 small businesses in the next 12 months from this collaboration.

The fintech lender said that the systems have been co-created and designed for a superior customer experience and FlexiLoans’ proprietary technology platform has been deployed across many ecosystems in the country and is designed for embedded credit capabilities.

Abhishek Kothari, Co-Founder, FlexiLoans, said, “We are delighted to partner with Google in our mission to empower small business owners with affordable and fast credit. The timing is also right given the hardships that this sector has faced during the pandemic. Google Pay has been at the forefront of merchant payments and we hope to offer every Google Pay merchant a secure and digital borrowing experience.”

Sharath Bulusu, Director, Google Pay. Said, “Access to reliable credit is key to accelerating the growth of MSMEs, especially in this post-pandemic environment. With the help of technology, we can now make credit available in just a few taps to the millions of merchants using Google Pay for Business across India to receive digital payments. We are committed to partnering with the lending ecosystem to enable this process and our collaboration with FlexiLoans is a step in this direction”