NEW DELHI, May 4, 2016 /PRNewswire/ --
Biz2Credit, a leading online marketplace for consumer and SME loans in India, announces its latest marketing partnership with Busy Infotech Pvt. Ltd. BUSY is an integrated business accounting software for small and medium-sized businesses.
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Over 150,000 BUSY Accounting Software customers gain access to the Biz2Credit's proprietary platform that matches their loan requirements to banks and NBFCs in a safe, efficient, price-transparent environment, all in a matter of a few minutes.
Timely funding is critical for any business, regardless of its size. Busy Infotech, in partnership with Biz2Credit, is launching BUSY Loan Finder, a digital platform to help small business owners access most suitable loan options. The highlights of this platform are - single digital application, multiple loan options, digital application processing, best loan terms and ongoing monitoring and advice for the SME customers.
BUSY Loan Finder will be run and maintained on technology patented by Biz2Credit. BUSY's business clients will receive access to a wide range of technology products and services, including data and risk analytics through Biz2Credit's patented BizAnalyzer™ Score, enabling lenders to process transactions with an automated score card models. Also, the BizAnalyzer Score Simulator Tool will allow SME owners to review a personalized snapshot of their business health and will be made available free of cost.
Other useful features on the lending platform include: DocVault (to store, sync and share business funding request documents) and Yodlee Integration (automatically downloads transaction history and statements required for funding requests, linked with borrowers' business bank accounts). Also, borrowers can use the 'Repayment Data' feature to see their outstanding balance, payment data or reapply.
With this partnership, both the parties are set to offer a wider range of services to their small and mid-sized businesses looking for business loans on best terms. BUSY Accounting Software clients will be able to leverage Biz2Credit's business loan platform, while borrowers on Biz2Credit can sync with BUSY, the cutting-edge accounting software.
"This partnership holds great promises for the Indian SMEs. Accounting is a necessary business process and if entrepreneurs can get access to Biz2Credit platform through their robust accounting platform, it will simplify the process of getting business loans," said Rohit Arora, CEO, Biz2Credit. "This also enhances Biz2Credit's focus on adding more data sources in our score card engine to help lenders take a better and faster decision."
"Biz2Credit will be of great value to businesses on BUSY as they can grow better with access to multiple funding options. We are glad to be of greater service to our esteemed SME clients," said Mr. Dinesh Gupta, MD, Busy Infotech Pvt Ltd.
Thomas Abraham - Strategic Advisor, Biz2Credit said, "The Biz2Credit online lending marketplace is first-of-its-kind in India bringing SME aggregators and banks & NBFCs together with a full data integration, thereby developing a unique ecosystem of borrowers and lenders while using technology and data analytics to drive efficiency in the lending process."
Financing on Biz2Credit's platform ranges from INR 3 lakhs to 30 crores and can be coordinated in as little as 24 hours for personal finance, working capital, commercial real estate and other applications. For more information on Biz2Credit's online lending marketplace, visit http://www.biz2credit.in.
About Biz2Credit Info Services
Established in 2007 in the U.S., Biz2Credit is an online marketplace bringing together an array of lenders and fund seeking entrepreneurs and individuals to arrange online SME loans, lines of credit, equipment loans, working capital and other business funding options as well as consumer loans.
With more than 11 lakh users, 1,300 lenders, and credit agencies like D&B and Equifax, Biz2Credit has earned a reputation as a trusted online credit resource in the U.S. Biz2Credit has now ventured in India to provide a similar platform for individuals and SME community.
Biz2Credit uses a patented technology (BizAnalyzer) to match lenders as per the exclusivity of each loan application, offering the borrowers a wide range of options to choose from. With free registration, businesses and individuals can compare various financing options and choose the one that is most suitable to them.
About Busy Infotech Pvt. Ltd.
Busy Infotech Pvt. Ltd. is a sister concern of Digitronics Infosolutions Pvt. Ltd. It was incorporated in 1997 essentially to focus on development and marketing of business accounting software under the trademark of BUSY. It has an installation base of over 1,50,000 (over 6 lakh users) including the prestigious ones such as World Bank, India International center, All India management Association (AIMA), Amity Business School among others.
Media Contact:
Ravi Chamria
[email protected]
+91-9818592244
Biz2Credit
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