Moongipa Capital Finance Signs Strategic Agreements for Digital Lending
Moongipa Capital Finance Limited has entered into strategic agreements with Codemodulu Financial Investment Services Private Limited (MoneyAse) and Quess Corp Limited/BCPL to enhance its digital lending operations. The company will utilize MoneyAse's platform for customer sourcing, onboarding, and loan servicing, while retaining full control over lending decisions, credit appraisal, sanctioning, pricing, disbursement, and regulatory compliance. This collaboration will also extend digital lending solutions to eligible Quess Group employees. The move is expected to boost Moongipa's digital lending capabilities, broaden its customer base, and improve operational efficiency in line with RBI regulations.
Key Highlights
- Strategic agreements executed to strengthen digital lending business.
- Leveraging MoneyAse platform for customer acquisition and servicing.
- Company retains exclusive control over all lending decisions and compliance.
- Collaboration to offer digital lending solutions to Quess Group employees.
- Expected to enhance capabilities, expand reach, and improve efficiency.
Price Impact
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