CapitaWorld Rolls Out New Financial Service Platform for MSMEs

In order to facilitate easy loan services to MSMEs, a Smart Loan- Disintermediation Ecosystem’ has been rolled out by Ahmedabad-based CapitaWorld.

Through this digital Platform, Micro, Small and Medium Enterprises (MSMEs) can upload their loan requirement details and lenders can take decisions based on this information and MSME can raise funds in the automated fashion.

Jinand Shah, Founder & Promoter of the Company, in a press interview said that this Smart Loan platform will reduce the troubles of MSMEs borrowers like reduction in a number of bank visits and paperwork.

He further mentioned that MSME promoters can also prepare their own loan proposals without any involvement of accountants in preparing these proposals.

CapitaWorld has designed its loan proposal format in such a way that loan requirement details uploaded by prospective MSME customers will automatically get converted to an individual bank’s loan format.

Shah said, “six lenders, including ICICI Bank, Axis Bank, IDBI Bank and Tata Capital, have been using the digital platform to source MSME loans.”

With the help of NHBS, a business consulting firm and IRR, A 100% subsidiary of Fitch Solutions careful disbursement of loans with due diligence and credit rating has been automated

With this platform of “Smart Loan–Disintermediation Ecosystem”, people can raise funds ranging from ₹50,000 to ₹50 crore from banks and NBFCs by just filling “one form”.

The system at the back maps and matches fund provider details using proprietary processes.

The system also carries out various functions like validations, authentication and scoring, creating a complete, scalable and robust recommendation system, resulting in savings on branch-level costs and paperwork.