Akme Fintrade Partners with MAS Financial Services for Co-Lending in MSME Sector

Akme Fintrade (India) Limited (INE916Y01019), one of the leading technology-driven lending platform, has entered into a strategic co-lending partnership with MAS Financial Services Limited to provide MSME loans. This collaboration is aimed at enhancing credit access to the underserved MSME sector through a seamless digital lending platform.

Under this co-lending model, AKME will bear 20% of the loan exposure, while MAS Financial will take on the remaining 80%. The platform ensures a fully digital loan sanction process, covering the entire loan lifecycle from customer onboarding to disbursement and monitoring without the need for manual intervention, making loan approvals and processing faster and more efficient.

Speaking on the partnership, Mr. Akash Jain, CEO of Akme Fintrade, stated, "The co-lending model was introduced by the Reserve Bank of India to address liquidity challenges faced by non-banking finance companies (NBFCs) and boost credit flow to underserved sectors. This initiative allows us to make funds accessible to the end beneficiaries at a more affordable cost. This partnership will enable Akme Fintrade to extend its reach in rural and semi-urban areas, providing crucial financial support to small business owners looking to expand their operations. The co-lending model is pivotal in helping us address the financial needs of these underserved communities."

Shares of Akme Fintrade India Limited was last trading in BSE at Rs. 111.60 as compared to the previous close of Rs. 112.60. The total number of shares traded during the day was 7391 in over 139 trades.

The stock hit an intraday high of Rs. 114.15 and intraday low of 111.30. The net turnover during the day was Rs. 829075.00.

Source : Equity Bulls

Keywords

INE916Y01019 AkmeFintradeIndia NBFC CoLendingPartnership MASFinancialServices MSMELoans