Advertisement, Vivriti Capital to disburse Rs. 300 Crores to MSMEs

This partnership is aimed at reaching out to 10,000+ MSMEs in the next 12-18 months and leverages the strong origination, credit, and technology platform of and the digital workflows, deep lending expertise, and capital strength of Vivriti Capital.

Fintech platform, has partnered with Vivriti Capital to provide working capital financing of over Rs. 300 crores to Micro, Small & Medium Enterprises (MSMEs) across India. MSMEs will be able to apply for these loans online and receive in-principal approval within 24- 48 hours digitally without any manual intervention.

This partnership will be powered by’s strong technology and credit underwriting platform ‘BiFrost’, which has been e fully integrated with Vivriti’sCo-lending platform ‘CredAvenue’ that caters to multiple stakeholders ranging from Co-lending to Business Correspondents(BC). This partnership is aimed at reaching out to 10,000+ MSMEs in the next 12-18 months and leverages the strong origination, credit, and technology platform of and the digital workflows, deep lending expertise, and capital strength of Vivriti Capital.

Deepak Jain, Co-Founder, said, “FlexiLoans has been scaling its Co-lending platform since the IL&FS crisis a couple of years ago to service the wide range of ecosystem and digital sourcing partners and boost AUM growth. Vivriti has been our long-standing lending partner and its digital-first approach, deep lending expertise syncs perfectly well with our co-lending ideology of providing quick, hassle-free and adequate financing to the deserving small merchants across India”

FlexiLoans’ co-lending partnerships now boasts of several marquee partners including leading banks, NBFCs on the supply side of capital and strong E-Commerce, Healthtech, Foodtech aggregators, Payment services companies and direct to website leads on the demand side. Its plug & play API architecture has been a key factor driving efficient integration with partners within just 1-2 weeks.

Gaurav Kumar, Co-Founder, Vivriti Capital, and CEO CredAvenue said “With its strong business lending franchisee and comprehensive risk identification vintage, is a great partnership for us in expanding its lending presence across the country. The partnership is built on the combination of a deep technology integration via APIs and a substantial capital base and we expect to unlock immense market potential and scale with it in the near future. CredAvenue’s co-lending platform has been specifically designed to enable scale-up of such partnerships for Banks, NBFCs and Fintech players vis automated discovery, underwriting, operations and reporting modules on one single portal”.

Since its inception in 2016, has disbursed more than Rs. 1000 Crores to more than 30,000+ customers across 1500+ cities across India. It receives over 100,000 applications per month, largely from Tier II, III and Tier IV cities in India. By the end of this year, it aims to hit an annualized disbursal run-rate of Rs 1000+ Crs in a single year.

CredAvenue has enabled disbursements of over INR 1000 crores to over 5 lakhs SME clients through 25+ partnerships so far. The Co-lending partners plan to evaluate customer applications and disburse the loan within a TAT of 48 hours.CredAvenue’s co-lending Platform has onboard NBFCs across asset classes and large Banks looking at expanding their co-lending/BC operations. The platform is currently processing over 15,000 loans on a daily basis across partners.

In the last year marked with the Covid-19 crisis, augmented its digital platform to provide a seamless borrowing experience to customers even via Co-leaders with features such as a 5 min video-KYC, deep-tech computer vision algorithms for document processing, and proprietary data science-driven scorecards for high precision underwriting. For collections, the company has created an analytics-based Early Warning System to detect delinquencies, resulting in robust collections even during times when the industry is finding it difficult to control credit losses. has been ranked amongst the top 100 fintech innovators globally and is one of the Leading Digital Lending Platforms started with a vision to provide working capital loans to MSMEs while solving their problem of accessing quick, flexible, and adequate funds. They use proprietary technology and risk models that focus on advanced analytics and surrogate methods for scoring customers. Having over 100 partnerships with known Ecosystem players such as Flipkart, Amazon, PineLabs, Mswipe, it has been at the forefront of providing lending solutions to SME ecosystems in India.

It is India’s leading tech-enabled online debt platform connecting corporate borrowers/Originators with Lenders and Investors. The platform currently has over 1000+ Corporates, 500+ Lenders and has facilitated debt volumes of over INR 55,000 Crores. The Co-lending platform has over 25+ institutional partnerships and has facilitated Co-lending volumes of INR 1000+ Cr for Banks and NBFCs with over 12,000 transactions on a daily basis.

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