WeCredit, a startup based in Udaipur, has joined the Open Network for Digital Commerce (ONDC) Network as a Buyer App. This strategic integration will enable users – both individuals and businesses to seamlessly access borrowing and loan services through the ONDC Network.
As part of its phased approach, WeCredit will initially focus on credit products while planning to expand its offerings to include investment opportunities, insurance, and select retail domains in the near future.
In addition to serving as a Buyer App, WeCredit will operate as a Technology Service Provider (TSP) on the ONDC Network.
“We are thrilled to join the ONDC Network and view this as a significant opportunity for investment and growth within our overall business strategy. India is at the cusp of a digital transformation, and we are excited to be part of a movement that aims to make e-commerce more accessible and fairer for everyone—citizens and businesses, no matter their size or location. ONDC is not just about business growth; it’s about contributing to a revolution in how commerce is conducted in India, fostering collaboration, inclusivity, and innovation,” said Mukul Devpura, Co-founder of WeCredit.
T Koshy, MD & CEO of ONDC said, “We are committed to advancing ONDC’s objectives of democratizing digital commerce and promoting financial inclusion. With WeCredit’s capabilities, both small and large businesses will be better equipped to navigate the digital financial landscape, opening new opportunities for participation and growth.”
