Askme joins SME race, to finance 14 million sellers with upto Rs. 1 Crore loans

AskMe group has launched AskmeFin as part of the group’s ‘Grow with Us’ initiative. The campaign is aimed at offering working capital loans to SMEs including short term working capital loans, overdraft limit, loans against receivables and bill discounting facility.

Speaking about these alliances, Mr. Kiran Murthi, CEO, AskmePay, said “At AskMe, we are committed to help our SMEs partners to grow their business. The SMEs who are using AskmePay for their offline transactions will also be eligible to avail these financing options.”

The group has announced a handful of strategic alliances to facilitate faster financing for these SMEs, irrespective of the size of their business. It has tied up with Mahindra Finance, Bajaj Finserv, Capital Float, Religare, SMEBank.in and Mandii.com to offer loans ranging from Rs. 50,000 to Rs. 1 Crore available for 15 days to 6 months. This option would add to the existing services from AskMe, AskmeBazaar, AskmePay, AskmeFurniture and AskmeGrocery.

Speaking on the alliance, Mr. R Balaji, Vice President, Mahindra Finance said, “Our financial solutions would be convenient and hassle free and ensure that the SMEs are able to get adequate credit to fuel their growth.”

“We understand the pain-points of small businesses with regards to working capital finance. Therefore at Capital Float, it is our mission to make access to capital easier for SMEs/MSMEs by leveraging technology and data”, Mr. Gaurav Hinduja, Co-Founder, Capital Float said.

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