Biz2X, a leading digital lending SaaS platform that enables financial institutions to provide a digital online lending experience for their small and mid-sized business customers, is expanding its footprint in the national and international market. The Fintech Company has opened its new office in Mumbai as a part of its aggressive expansion strategy.
Biz2X is an established platform that large banking and financial services institutions in the world, such as HSBC, have chosen to launch their new online lending initiatives. With enhanced loan management, servicing, risk analytics, and a configurable customer journey, Biz2X is helping banks run their lending operations at scale, with much reduced manual processes.
Opening offices in new, strategic locations will contribute to double-digit business growth by helping the company maintain its growth pace and meet the evolving needs of its clients. Most of India’s banks & FIs are headquartered in Mumbai, making it the country’s financial center. Mumbai is home to some of the best talent, which will help create the highly sought-after managed services solutions that financial institutions have become reliant on in recent years.
Commenting on how Biz2X has grown multi-fold in the last one year, Mr. Vineet Tyagi, their Global CTO, said, “Biz2X began in 2022 with a few amazing launches including maadhyam.ai and has more exciting launches planned by the end of this year.” He further added, “We are aiming to grow both domestically and internationally with a focus on the APAC and ME regions. Speaking about our expansion in India, the country has a significant market, and as the digital revolution gathers pace, we will continue to concentrate here and grow our already impressive list of clients. Since top banks and NBFCs are present in Mumbai, we anticipate that starting an office here will significantly increase the size of our business. We are growing by 40 per cent plus annually and anticipate a doubling of business with the opening of our new office in Mumbai.”
The Biz2X Platform is designed for banks and NBFCs that are ready to streamline their time-consuming process. Biz2X provides this proprietary technology to banks and NBFCs so they can make accurate credit decisions instantly and offer loans to their small business clients within days instead of weeks. This is due to the dynamic features of Biz2X like open API integrations, configurable rule engines and workflows, bank statement analysers and GST insights, rich UI/UX capability with UI orchestration, and finally, all this with low cost of ownership and shifting to a true SaaS based customer pricing.