Procures Non-Banking Finance Company License

Mumbai primarily based Digikredit Finance Pvt. Ltd. Which owns and operates underneath the name SE corner has now procured the license to turn out to be Non- Banking Finance Company. SE corner, founded in 2015 via Samir Bhatia, has had its recognition on imparting brief get right of entry to to secured and unsecured loans to Indian MSME region. The NBFC license will pave the way for greater disbursements and faster increase for the enterprise.

SE corner is one of the few new-age finance firms, especially inside the B2B zone, that has laid equal attention on generation & on the one-on-one relationship with the customers. SE corner is subsidized via an experienced and professional team, handpicked from the industry to lead the enterprise growth, chance methods and enhance the technological efficiencies. It has evolved an MSME focused credit score model to recognize the dangers, which in turn is supported by means of device intelligence and statistics science for a faster flip- around time for disbursal. However, the mortgage approval manner additionally entails a private or e-meet with the consumer for a higher expertise of his/her mortgage requirements. As on date, SE corner offers unsecured business loans; the disbursement formalities for the identical are usually completed in much less than 3 working days.

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Samir Bhatia, Founder, and CEO, SE corner said, “In my three many years of enjoyment as a banker, I have continually felt that loss of getting entry to to credit score is one of the most important constraints to the growth of SMEs in India. By using era to procedure the loan and a bendy approach towards documentation, we are hoping to be the first desire for credit score products for the arena.”

Samir Bhatia, Founder, and CEO, SMEcorner, “Our -pronged credit score approval manner, which involves technology and human contact with the purchaser, offers us a facet of conventional monetary carrier providers. Technology helps us display screen the customers at the first level, making sure the mortgage origination and processing is quicker and is fee effective; at the second one stage, the income crew’s one-on-one assembly ensures we have a clear knowledge of our clients. Being an NBFC will, in addition, permit us to release innovative merchandise, focused on particular patron organizations.”

At gift, SE corner has the tie-up with 3 monetary institutions; the disbursement is seamless once the mortgage software is authorized. SE corner will start to build its very own book while persevering with the partnerships with the three economic establishments.

In May 2017, SE corner secured investment from the Accion Venture Labs and The Dutch Growth Fund similarly to leading strategic HNIs. SME corner is currently found in pick cities in Maharashtra, Rajasthan, and Gujarat. In the subsequent three years, it intends to have a hundred and fifty branches throughout 35 places in eight states and build an ebook length of INR 5000 crores.

SE corner believes that by way of imparting the proper mix of merchandise, complemented by using area pleasant processes, it’ll soon be the first desire for credit merchandise for the world.
About Samir Bhatia

Samir Bhatia is the Founder and CEO of SE corner, a new-age financial offerings company, geared toward presenting easy and short get right of entry to to MSME area.

Samir has over 27 years of experience in the Banking and Finance area. Before starting SMEcorner, Samir turned into the Managing Director and CEO of Equifax Credit Information Services and was instrumental in putting in place the commercial enterprise in India. Prior to this, Samir was with Barclays Bank as Managing Director of Retail and Commercial Bank (India and the Indian Ocean). He has additionally labored with HDFC Bank for over 12 years and had performed an important position in putting in place the Bank.

Samir is a Chartered Accountant (CA) and ranked seventh in India in his CA very last assessments. On private the front, he is a devoted Marathon Runner has completed many complete marathons.

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