Zaggle partners with CASHe to deliver affordable, personalized credit solutions
Fintech company Zaggle has partnered with CASHe, an AI-powered financial wellness platform, to offer loan facilities to salaried professionals in its network. With this partnership, Zaggle aims to bring a wealth of affordable and personalized credit solutions offered by CASHe to millions of users.
“Zaggle aims to expand its product portfolio by offering affordable and instant lending solutions to its users through this collaboration. Zaggle users can now seamlessly take advantage of a host of personalized credit products in the new era of CASHe including personal loans, line of credit and BNPL to fill Users can avail a wide variety of loans ranging from Rs. 1,000 to Rs. 3,00,000 with a repayment term of up to 1 year,” according to a press release,
Raj N, Founder and Chairman of Zaggle, said, “The pandemic has re-emphasized the importance of providing easy access to credit to underserved people, as well as professionals, in order to support broader economic growth. Offering credit to our customers also greatly enhances Zaggle’s product offerings and drives our growth momentum. Our customers are now even better able to realize their dreams through credit and make them a reality.”
For CASHe, the partnership will mean latching onto Zaggle’s vast user base, through its extensive network of more than 4,500 enterprise customers. Addressing its primary target audience of working professionals, CASHe aims to further increase its reach for its short-term personal loans and lines of credit offerings through this partnership. CASHe plans to disburse loans worth Rs. 100 crores, leveraging Zaggle’s network.
V. Raman Kumar, Founding Chairman of CASHe said, “Credit is oil for the economy. With the gradual resumption of economic activities, providing working professionals with seamless access to credit is crucial to building momentum as we emerge from the shadow of the pandemic. As part of our Vision 3.0, CASHe is building new partnerships and expanding its product line to cater to a wider range of customers while providing a superior user experience that requires just a few clicks on the smartphone. We are extremely excited to partner with Zaggle and aim to serve their huge customer base with our premium credit products.”
The digital lending space is hot and booming in India. More than 80% of Indian millennials consider acquiring personal loans for multiple reasons. With the rapid adoption of digitalization, the lending landscape in India has changed significantly, and thanks to the FinTech industry, India has seen massive adoption in bringing flexibility and versatility to young audiences for lending, according to the release. Press.
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