Easebuzz unveils digital lending stack for NBFCs and Fintechs

Easebuzz

Easebuzz, a leading payment solutions platform in India, has announced the launch of a full-stack digital lending suite for NBFCs and Fintech businesses. It is a one-stop system designed to manage disbursements, collections, and provide KYC solutions for seamless borrower onboarding, with automatic reconciliation enabled. With connected banking current accounts powered by its banking partners, the stack conforms with RBI digital lending criteria.

Easebuzz provides a Wire Payout solution for efficient disbursements, as well as a connected banking current account supported by its banking partners. NBFCs can also handle several Fintech partners, each with a different sub-merchant account, under a single current account using this approach. They can also use APIs to control sub-merchant accounts and initiate loan disbursements to borrowers’ accounts. The KYC module of the Digital Lending Stack also allows for bank account verification via penny drop, UPI ID verification, and mass verification by API or dashboard.

Furthermore, the organisation offers a comprehensive suite of options for easy repayment collection. It includes Payment Gateway, EasyCollect, and InstaCollect to provide multiple benefits to NBFCs, such as higher transaction success rates, automated payment reminders for timely money collection, simple reconciliation, accurate transaction status tracking, and improved safety with PCI DSS Level-1 compliance.

Rohit Katyal, Group Head Business, Easebuzz, said, “Supporting and in compliance with RBI’s digital lending guidelines, Easebuzz is happy to offer a full-stack digital lending suite that will cater to end-to-end use cases of NBFCs and Fintechs with respect to loan disbursements, repayment collections, and KYC module for efficient borrower onboarding – all from a single platform. With our range of solutions, NBFCs can now safely migrate to new digital lending workflows and sustain their business growth while complying with RBI Guidelines. Easebuzz products can be either accessed through dashboards or can be integrated through APIs, making it very agile and easy to scale up.”

Built on the foundation of API-based payment technology, Easebuzz offers best-in-class success rates and accurate transaction status. With this launch, Easebuzz will now facilitate direct loan disbursals and repayments between NBFCs and borrowers.

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