Biz2X, a digital lending SaaS platform that enables financial institutions to provide a digital online lending experience for their small and mid-sized business customers expands its footprint in the national and international market. The Fintech Company has opened its new office in Mumbai as a part of its aggressive expansion strategy.
With loan management, servicing, risk analytics, and a configurable customer journey, Biz2X is helping banks run their lending operations at scale, with much reduced manual processes.
Opening offices in new, strategic locations will contribute to double-digit business growth by helping the company maintain its growth pace and meet the evolving needs of its clients. Most of India's banks & FIs are headquartered in Mumbai, making it the country's financial center.
Commenting on how Biz2X has grown multi-fold in the last one year, Vineet Tyagi, their Global CTO, said,"Biz2X began in 2022 with a few amazing launches including maadhyam.ai and has more exciting launches planned by the end of this year." He further added, "We are aiming to grow both domestically and internationally with a focus on the APAC and ME regions. Speaking about our expansion in India, the country has a significant market, and as digital revolution gathers pace , we will continue to concentrate here and grow our already impressive list of clients. Since top Banks and NBFCs are present in Mumbai, we anticipate that starting an office here will significantly increase the size of our business. We are growing by 40 per cent plus annually and anticipate a doubling of business with the opening of our new office in Mumbai.”