MENU gets featured in Business Standard for offering loans without a credit score

After getting featured on and TOI website, this time Business Standard has posted a piece about our digital fintech start-up for offering Quick Business Loans without collateral to SMEs which do not have a credit score or IT returns to show.

SMEs need capital for day-to-day business, business expansion, seasonal inventory, invoice based financing, equipment purchases and PO discounting. However, they often rely on banks or other financial institutions to raise money. Due to low or nil CIBIL score, or lack of collateral, their loan application gets rejected. In fact, more than 90 percent of Indians don’t have a CIBIL score and a large percentage doesn’t have an ITR. Our digital model not only offers unsecured business loans available to SMEs not having a credit score but also makes it available quickly.
Our target is to serve those who can’t get collateral free business loans from the traditional banking system which is a large market out there. Customers have to fill up an online application form, upload supporting documents and seek loan approvals, all within a window of 24-48 hours. We score the applicant by using traditional and non-traditional sources of data, to gauge his credit worthiness.


We have tied up with institutional partners and e-commerce entities such as Flipkart, Snapdeal, Amazon, Jabong, and ShopClues for extending business loans to their merchants. We have also added verticals which include offline point of sales (PoS), where loans are extended to offline retailers who use credit card PoS, in addition to corporate supply chain vendors.

We have recently acquired, a supply chain financial platform to strengthen our supply chain financing vertical. Going forward, we will further enhance our capabilities to offer loans without collateral to SMEs across more than 200-250 cities of India.


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