Moongipa Capital Finance Ltd executes agreements with MoneyAse and Quess Corp for digital lending business

Moongipa Capital Finance Limited has executed strategic agreements with Codemodulu Financial Investment Services Private Limited (MoneyAse) and Quess Corp Limited/BCPL for strengthening its digital lending business.

Under these arrangements, the Company will leverage the MoneyAse digital platform for customer sourcing, digital onboarding and loan servicing support, while all lending decisions, credit appraisal, sanction, pricing, disbursement and regulatory compliance shall remain exclusively with the Company. The collaboration will also facilitate digital lending solutions to eligible employees of the Quess Group through a technology-enabled platform.

The above strategic arrangements are expected to enhance the Company's digital lending capabilities, expand customer reach and improve operational efficiency in compliance with the applicable regulatory framework issued by the Reserve Bank of India.

Shares of MOONGIPA CAPITAL FINANCE LTD. was last trading in BSE at Rs. 16.94 as compared to the previous close of Rs. 16.50. The total number of shares traded during the day was 25332 in over 13 trades.

The stock hit an intraday high of Rs. 17.01 and intraday low of 16.94. The net turnover during the day was Rs. 430603.00.

Source : Equity Bulls

Keywords

MOONGIPACAPITALFINANCE INE153K01018 NBFC Agreement MoneyAse QuessCorp