actyv.ai, an AI-powered enterprise SaaS platform, today announced a partnership with Axis Bank, India’s third largest private sector bank, to provide MSME customers with Supply Chain Finance solutions. This collaboration will make the Bank’s Supply Chain Finance solutions available to corporate anchors, downstream dealers, and trading partners.
“Small and medium enterprises in India often face challenges in accessing sustainable credit. We at actvy.ai, in partnership with Axis Bank aim to leverage our technology prowess to reach MSME customers. We are certain that our digital platform, access to technology tools and affordable credit will help drive growth for this segment,” said Raghu Subramanian, Founder and Global CEO, actyv.ai.
The supply chain ecosystem is centred on digital transformation, with a clear emphasis on enabling technology, data-driven decision-making, and improved customer experience. This collaboration between actyv.ai and Axis Bank will aid in the streamlining of MSMEs’ and their traders’ financial needs.
Speaking on the partnership, Sumit Bali, Group Executive, Head of Retail Lending and Payments, Axis Bank said, “We firmly believe that the MSME sector will play an integral role in driving the country’s economic growth towards becoming a five trillion economy over the next few years. Our partnership with actyv.ai is yet another step in providing credit solutions to a wider base of MSME and contribute to growth in their businesses.’’
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