Kotak Mahindra Bank partners with actyv.ai to offer dealer finance

Kotak Mahindra Bank Limited

Kotak Mahindra Bank Limited said today that it will provide financing to dealers who have signed up for actyv.ai, an AI-powered corporate SaaS platform. For dealers’ working capital needs, KMBL will provide short-term credit under the ‘Buy Now, Pay Later’ category.

Sunil Daga, President & Head – Business Banking Assets, Kotak Mahindra Bank said, “Small business owners often face a shortfall in their everyday capital requirements. Kotak is committed to empowering small-and medium-scale business owners by helping them address their credit requirements. Partnership with a technology platform like actyv.ai helps us ease supply chain bottlenecks for businesses with technological advancements. Additionally, it would benefit business owners across the B2B value chain with smooth, quick, and safe funding options on attractive interest rates, and help them meet cash flow requirements for their businesses.”

Raghu Subramanian, Founder, and Global CEO, actyv.ai said, “Technology plays a pivotal role in driving operational efficiency and growth of businesses. As a category creator, actyv.ai’s AI-powered SaaS platform with its embedded offerings delivers significant value to the enterprises and their allied partner ecosystem. Our partnership with Kotak Mahindra Bank expands and simplifies access, which is truly transformative and innovative.”

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.