Ziploan: Financial Services Platform StrideOne and MSME Lender ZipLoan Join Forces for Strategic Partnership

Technology-driven financial services platform StrideOne and MSME lender ZipLoan have entered into a strategic partnership to drive deeper penetration into the MSME lending space. ZipLoan is a fintech focused on providing working capital solutions to India’s 8 million MSMEs. Currently, ZipLoan has 11,000 customers in five key markets with an asset base of Rs 150 crore. StrideOne is building a digital banking suite for startups and their ecosystem. This partnership will double the synergies that exist between ZipLoan and StrideOne and should accelerate StrideOne’s foray into the MSME startup ecosystem.

“Combining StrideOne’s insight and understanding of the entrepreneurial ecosystem in India with our experience of serving 11,000 MSMEs in key markets will help us expand both our reach and our product range,” said said Kshitij Puri, co-founder and CEO of ZipLoan.

In a statement, Ishpreet Gandhi, Founder of StrideOne, said, “With the changing landscape of Indian startups and the rise of several unicorns, many opportunities have also opened up for MSMEs. Despite their promise, MSMEs remain credit-starved and struggle to access working capital. In line with our broader goal of fueling India’s entrepreneurial ambitions, our partnership with ZipLoan is a strategic step towards improving financial inclusiveness for MSMEs.

MSME businesses are usually overlooked by traditional financial institutions due to various underwriting issues including lack of collateral, age of business, documentation know-how, etc. Through its custom underwriting algorithm – ZipScore, digital procurement and operations, ZipLoan has been able to successfully underwrite creditworthy but underserved MSMEs and provide affordable formal credit solutions for this segment. Currently, their product line includes line of credit, equipment financing, and term loan for manufacturers and distributors. It has shelled out Rs 650 crore over the past five years and raised capital from renowned investors such as Matrix Partners, Elevation Capital, Waterbridge ventures, Whiteboard and growX.

StrideOne has already launched supply chain finance solutions for startups. Through their anchor-focused approach to lending, StrideOne brings the nuanced understanding of the startup and MSME ecosystem needed to create intelligently designed, tailored lending structures that align with the diverse capital needs of businesses. Indian MSMEs. It shelled out Rs 650 crore in the last 8 months with an AUM of Rs 300 crore. He has raised capital from Elevar Equity in the past.

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