As part of this partnership, Truecaller will also enable identity verification of new users on Flexiloans.com
Mumbai: Leading digital lending platforms flexiloans.com has announced its partnership with Truecaller to smoothen the process for users registering on their application.
Flexiloans.com has consistently been focused on improving the experience of its users on all platforms, especially mobile.
Truecaller’s developer platform aims to foster a connected and productive ecosystem across the globe and especially across emerging markets for start-ups and app developers by focusing on the end user experience.
Commenting on the partnership Flexiloans.com Co-founder Abhishek Kothari said “With a product like Truecaller SDK, Truecaller has helped us not only to improve our signup experience with a one-click registration but also identity verification. Furthermore, this alternate identity verification via Truecaller enables us to further strengthen our credit underwriting models and thereby minimize risks in our business.
He further adds that “We have already completed our implementation on our Android app and we plan to extend it across other platforms very soon.”
Sharing his thoughts on the partnership, Truecaller Director & Global Head, Developer Platform & Relations Priyam Bose said, “The developer community has always been a bright spot in our universe and by partnering with them in their growth journey, it’s a win-win to achieve new heights. The more touch points we can bring to our community, the more value we can add to their end user’s lives. By extending our developer toolkit to Flexiloans.com, we hope to create an efficient system to streamline their onboarding experience and thus, in turn, their user’s overall experience with the application.
FlexiLoans is one of the highest downloaded apps in the business loan segment and has close to 100,000 downloads on the Android Play Store and will soon be launching their iOS application as well. Flexiloans.com focuses on the business owners who do not have a credit history and hence, source of alternate financial data gives them an opportunity to tap into the unserved segment. With solutions like UPI, eMandate, eSign and their proprietary technology, FlexiLoans aims to transform the whole lending experience.
FlexiLoans.com is one of the Leading Digital Lending Platforms started with a vision is to provide “Loans at a click” to SMEs while solving their problem of accessing quick, flexible and adequate funds. They use a proprietary technology and risk models that focus on surrogate methods for scoring customers.
It has disbursed loans worth over Rs.400+ Crores to about 10,000 MSMEs across 700+ cities without having a single branch within a span of 3 years of their operations, with a team size of 230+ employees. Having over 100 partnerships with known players such as Flipkart, Amazon, PayTM, PineLabs, MSwipe, etc., it has access to over 2mn businesses. It has been founded by 4 ISB/ IIT alumni with combined financial services experience of 45+ years.