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Home > Business > Industry > BFSI > Banking & Finance > Biz2X surpasses ₹9,000 crore mark in loan disbursements

Biz2X surpasses ₹9,000 crore mark in loan disbursements

Biz2X is also expanding its reach into global markets, including the United Arab Emirates and Saudi Arabia.

MarcaMoney Staff
Last updated: October 16, 2024 11:58 PM
By MarcaMoney Staff
Biz2X surpasses ₹9,000 crore mark in loan disbursements
Biz2X surpasses ₹9,000 crore mark in loan disbursements
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Biz2X, a digital lending SaaS platform and subsidiary of Biz2Credit, today announced surpassing ₹9,000 crores mark in loan disbursements with a consistent year-over-year growth rate of nearly 30% through its Digital Lending Platform.

Biz2X is also expanding its reach into global markets, including the United Arab Emirates and Saudi Arabia. The company’s global growth is aligned with India’s emerging leadership in the Global Capability Center (GCC) market, which is projected to reach $110 billion by 2030.

One of the company’s key growth drivers is its AI-integrated digital lending platform, DigiKred, which plays a pivotal role in optimizing lending functions for Indian Lenders. Leveraging advanced AI capabilities, DigiKred streamlines the loan approval process by enabling financial institutions to quickly assess borrower profiles, reduce manual intervention, and ensure faster, more accurate loan decisions. The platform is expected to facilitate an additional ₹5,000 crores in loan disbursements by the end of FY2025, further scaling the platform’s reach and impact across the financial ecosystem.

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Rohit Arora, Co-founder and CEO of Biz2Credit and Biz2X, said, “Enabling INR 9,000 crores in disbursements is a monumental milestone for Biz2X, and it speaks volumes about the trust our platform has earned from financial institutions. Our AI-driven technology is not only accelerating loan approvals but is also enabling us to bring financial inclusion to the forefront of India’s digital lending ecosystem. We remain committed to expanding both domestically and internationally, creating sustainable growth for SMEs, fostering innovation, and driving the Indian fintech industry forward.”

TAGGED:Biz2CreditBiz2X

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