Dhanvarsha Finvest Ltd. Adopts Finflux Loan Suite to Reach Millions of Potential Customers

Dhanvarsha Finvest, one of India’s largest and fastest growing NBFC listed on ESB, headquartered in Mumbai, recently adopted Finflux’s cloud-native lending platform. Through this adoption, Dhanvarsha aims to significantly increase its loan portfolio while reducing operating expenses and improving the quality of its assets.

Having started operations in 2017 as an MSME-focused NBFC, Dhanvarsha has significantly embraced the technology to improve its customer offering. Dhanvarsha successfully migrated its lending business to Finflux’s cloud-native lending platform as part of this initiative. The platform offers intelligent underwriting (business rule engines), configurable loan origination workflows to ensure instant underwriting and on-time loan disbursement. The integrated co-origination and co-loan modules allow transparent collaboration with partner banks. Dhanvarsha also leveraged Finflux’s OpenAPI 3.0 architecture to connect its proprietary digital systems while strengthening its network of distribution partners.

This association brings together a technology company and a financial institution sharing a common vision for the future of financial services in India. A dream of empowering unserved and underserved Indian entrepreneurs with equitable financial access and achieving financial inclusion with a bigger social goal – building social capital.

Commenting on the association, Sahil Lakshmanan, Commercial Director of Dhanvarsha, said, “At Dhanvarsha, our goal is to provide our clients with affordable, timely and personalized loan solutions. By adopting Finflux, we have taken a further step towards this objective.

Karan Desai, Co-Managing Director of Dhanvarsha, added: “Adopting Finflux’s cloud native architecture will not only help us extend our products to millions of MSME borrowers, but also increase our efficiency in the process. . We are excited to be working with the FinFlux team to create a first technology and digital franchise that will help us meet the credit needs of our segment at scale. Glad to have them on board.

Nayan Ambali, Founder and CEO of Finflux, added: “Over the past 11 years, Finflux has helped over 60 credit institutions launch their customer offerings by migrating to a cloud-native lending platform. Our experience in enabling financial institutions to speed up the process of lending, underwriting efficiently and collecting on time further excites us to give Dhanvarsha the same feats and contribute to their vision of building social capital. .

Finflux, a cloud-native lending platform, is trusted by the most trusted brands in the global lending industry. From Kotak Mahindra to Slice (recent Unicorn) and KEB Hana Microfinance (Myanmar) to MoneyTap, MoneyView and Zolve, Finflux enables over 60 renowned financial institutions to extend affordable and fair financial access to over 6 million borrowers in 15 countries.

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