Digital Lending - NewNerve

As part of my ongoing series highlighting groundbreaking fintech companies, I’m excited to introduce Vegapay, a dynamic fintech startup founded in 2022 by a visionary team including Gaurav Mittal, Himanshu Agrawal, Puneet Sharma, and Abhinav Garg. Headquartered in Gurugram, India, Vegapay is transforming the lending landscape by providing innovative solutions for financial institutions and fintech companies. 🚀 A Game Changer in Fintech Vegapay focuses on delivering a lending tech stack and card management platform that empowers banks, NBFCs, and fintechs to launch flexible card and credit-based products swiftly. With $5.5 million in seed funding led by Elevation Capital, Vegapay is set to democratize access to superior financial technology. 💡 Key Features and Offerings Versatile Ca...

The Open Network for Digital Commerce (ONDC) is revolutionizing the landscape of financial services in India, particularly for micro, small, and medium enterprises (MSMEs). As a government-backed initiative designed to democratize e-commerce, ONDC's latest foray into financial services aims to enhance cash flow, improve access to credit, and foster financial inclusion for small businesses across the country. This article delves into the various aspects of ONDC's financial services, including their impact on cash flow, specific offerings, data security measures, the role of technology service providers, and competitive positioning against existing digital lending platforms. Enhancing Cash Flow for Small Businesses ONDC's financial services are set to significantly improve the cash flow of...

Tag: Digital Lending

Revolutionizing Lending: Introducing Vegapay

5 Ways ONDC’s Financial Services are Revolutionizing Access to Credit for MSMEs