IREP Credit Capital, a leading non-deposit taking Non-Banking Financial Company (NBFC-ND) dedicated to provide financial services to Micro, Small and Medium Enterprises (MSMEs), and AllCloud have announced the successful go-live on their Unified Lending Technology platform. The collaboration aims to revolutionise the lending landscape for MSMEs, enhancing financial inclusion and operational efficiency through advanced technological solutions, a statement from AllCloud notified.
The statement said that IREP and AllCloud have pioneered a Phy-gital approach to MSME lending, seamlessly integrating physical and digital processes. This model provides MSMEs with the efficiency of digital interactions while maintaining the trust and personalised service of face-to-face engagements.
Naresh Naik, CEO, IREP Credit Capital, said in the statement, “IREP Credit Capital is dedicated to foster economic growth by providing essential financial services to MSMEs. Timely financial support and excellent onboarding experience are crucial for this segment. By partnering with AllCloud , we aim to create a seamless onboarding and servicing experience for our customers, while enhancing operational efficiency for our staff.”
The Phy-gital approach offers numerous advantages that include enhanced data consolidation and compliance for more informed lending decisions, faster loan disbursement, providing quicker financial support to MSMEs, secure and thorough borrower and collateral assessments, reducing risks and building trust, and improved operational efficiency by streamlining processes, according to the statement.
Ankith Khadloya, Co-Founder, AllCloud, added, “At AllCloud, we recognise that each customer has unique onboarding and credit processes and policies, which are key to their success. Our IREP implementation involved numerous partner integrations to enhance operational efficiency and deliver excellent onboarding experiences via mobile solutions for borrower journeys. This is just the beginning, and there is much more to accomplish.”
