Moneyboxx Finance Ltd, a non-banking financial company focused on lending to small and micro entrepreneurs, has partnered with fintech firm Trusave Fintech Pvt Ltd, known as Bachatt, to launch its digital lending platform and SmartBiz Loan product.
The company said the initiative marks the beginning of its digital lending operations and is aimed at expanding access to small-ticket business loans for nano and micro enterprises and self-employed individuals.
Under the partnership, Bachatt will act as a Lending Service Provider (LSP), supporting customer acquisition, digital onboarding, operations and loan servicing through API-based integrations. Moneyboxx will remain the lender and will independently assess and underwrite loan applications in line with its credit policies and applicable regulatory requirements.
The digital platform will support the sourcing, onboarding, underwriting and servicing of loans. Moneyboxx said it is targeting an approval turnaround time of under five minutes, subject to its credit and underwriting processes.
The company said the platform will also cater to short-term and seasonal working-capital needs, including inventory purchases, business expansion and higher demand during festive and seasonal periods.
Bachatt focuses on savings and access to financial services and is backed by investors including Accel, Lightspeed and Info Edge Ventures.
Moneyboxx said the digital lending initiative will complement its existing branch-led and phygital lending operations. The company expects the technology-enabled channel to help it reach a wider customer base and build a more scalable lending platform over time.