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Partnership · Financial Services

Moneyboxx Finance partners with Trusave Fintech for lending

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Date
Company
Moneyboxx Finance
What it does
Small business lending platform
Kind
Partnership
Based in
Mumbai
Sector
Financial Services

What they do

Moneyboxx Finance provides small-ticket business loans to micro enterprises and self-employed individuals across various Indian states

What happened

The company partnered with Trusave Fintech to launch a digital lending platform called SmartBiz Loan for faster credit delivery

Why it matters

This digital channel aims to provide working capital for inventory and business expansion with an approval time under five minutes

The details

  • Moneyboxx Finance launched the SmartBiz Loan platform in partnership with Trusave Fintech.
  • The platform facilitates digital sourcing, onboarding, and underwriting for small-ticket business loans.
  • Trusave Fintech acts as a Lending Service Provider to manage customer acquisition and digital operations via API integrations.
  • Moneyboxx Finance retains full control over credit evaluation and underwriting according to its internal policies.
  • The service targets nano and micro enterprises needing quick access to working capital for inventory or seasonal demand.
  • The system aims for an approval turnaround time of less than 5 minutes for applicants.

The bigger picture

  • The partnership leverages digital infrastructure to reach underserved small business owners more efficiently.
  • The initiative addresses the specific need for short-term liquidity among self-employed individuals.
  • This move aligns with the company's broader strategy of expanding its rural and semi-urban credit footprint.

About the business

  • Moneyboxx Finance offers secured and unsecured Vyapaar Loans to small business owners.
  • The company provides specialized financing for renewable energy projects.
  • It operates the Sikka App to promote financial literacy and digital gold savings.
  • The firm utilizes proprietary muzzle recognition technology to identify cattle for rural credit and insurance purposes.
  • The company has disbursed over ₹22,450 million to more than 223,000 borrowers.
  • Approximately 60% of the company's borrowers are women.
  • The firm maintains a physical presence with branches across 12 states, including Madhya Pradesh, Uttar Pradesh, and Rajasthan.

The deal

Type
partnership

Founders

  • Deepak Aggarwal, Founder
  • Mayur Modi, Founder

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