Paisalo Digital Signs ₹500 Cr Co-Lending MOU with FatakPay
Paisalo Digital Limited has announced a significant co-lending Memorandum of Understanding (MOU) with FatakPay, valued at ₹500 Crore. This strategic partnership aims to expand Paisalo's co-lending ecosystem and support its three-year growth roadmap. The facility will operate on an 80:20 participation basis, with Paisalo funding 80% and FatakPay 20% of each loan, focusing on micro-enterprises and MSMEs. Paisalo will manage KYC verification and customer data storage. This collaboration is expected to enhance Paisalo's lending reach, provide affordable credit to more borrowers through a digital journey, and contribute to its goal of doubling Assets Under Management (AUM), income, and Profit After Tax (PAT) within three years.
Key Highlights
- Paisalo Digital inks ₹500 Cr co-lending MOU with FatakPay.
- Partnership follows an 80:20 funding model, focusing on MSMEs.
- Aims to expand credit access and support Paisalo's growth strategy.
- Expected to contribute to doubling AUM, income, and PAT in three years.
Price Impact
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