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Dhanvarsha Finvest Ltd. adopts Finflux’s lending suite to reach out to customer

Dhanvarsha Finvest Ltd. adopts Finflux’s lending suite to reach out to customer

Dhanvarsha Finvest, one of India’s leading and fastest-growing, BSE listed NBFC, headquartered in Mumbai, has recently adopted Finflux’s cloud-native lending platform. Through this adoption Dhanvarsha aims to significantly scale up its lending book while lowering its operational expenses and improving asset quality. Starting business in 2017 as an MSME focused NBFC, Dhanvarsha has substantially embraced technology to improve its customer offering. Dhanvarsha has successfully migrated its lending business on Finflux’s cloud-native lending platform as part of this initiative. The platform offers intelligent underwriting (business rule engines), configurable loan origination workflows to ensure instant underwriting and on-time loan disbursement. Built-in co-origination and co-lending modules help in seamless collaboration with partner banks. Dhanvarsha has also leveraged Finflux’s OpenAPI 3.0 architecture to connect its proprietary digital systems while empowering its channel partner network. This association brings together a technology company and a financial institution with a shared vision for the future of financial services in India. A dream to empower unserved and underserved entrepreneurs of India with equitable financial access and achieve financial inclusion with a greater social purpose – building social capital. Commenting on this association, Sahil Lakshmanan, Dhanvarsha’s Chief Business Officer, said, “At Dhanvarsha, our goal is to empower our customers with affordable, timely and customised lending solutions. By adopting Finflux, we have moved one step closer to this goal. Karan Desai, Dhanvarsha’s Joint Managing Director, added, “Adopting Finflux’s cloud-native architecture will not only help us extend our products to millions of MSME borrowers, but also increase our efficiency in the process. We are excited to be working with the FinFlux team in building a technology and digital first franchise that will help us meet the credit needs of our segment at scale. Excited to have them on-board. Nayan Ambali, Founder & CEO of Finflux, added, “Over the past 11 years, Finflux has helped 60+ lending institutions pioneer their customer offerings by migrating to a cloud-native lending platform. Our experience in enabling financial institutions to accelerate loan origination process, effective underwriting & on-time collection excites us further to empower Dhanvarsha with the prowess of the same and contribute to their vision of building social capital. Finflux, a cloud-native lending platform, is trusted by the most beloved brands in the global lending industry. Right from Kotak Mahindra to Slice (recent Unicorn) and KEB Hana Microfinance (Myanmar) to MoneyTap, MoneyView and Zolve, Finflux empowers more than 60 marquee financial institutions in extending affordable and equitable financial access to 6 million+ borrowers across 15 countries. Disclaimer: This is a company press release. No HT journalist is involved in creation of this content. Download.

brand-post 2021-12-09 Livemint