Moneyboxx Finance Partners with Bachatt to Launch Digital Lending Platform

Moneyboxx Finance Limited, a listed NBFC, has announced a strategic partnership with Trusave Fintech Private Limited (“Bachatt”) to launch its Digital Lending Platform, featuring the product SmartBiz Loan. This initiative marks a significant step in the company's digital transformation, aiming to build a scalable, technology-led lending franchise.

The new platform is designed to extend Moneyboxx's services to nano and micro enterprises and self-employed individuals seeking small-ticket business loans, a segment that has been challenging to serve through traditional methods. By leveraging digital sourcing, onboarding, underwriting, and servicing, Moneyboxx expects to enhance the economics and scalability of small-ticket lending, while offering customers a quicker and more convenient borrowing experience. The platform targets an approval turnaround time of under 5 minutes, subject to credit and underwriting processes.

Bachatt, a fintech platform backed by investors like Accel and Lightspeed, will function as a Lending Service Provider (LSP). It will utilize API-based integrations for customer acquisition, digital onboarding, operations, and servicing. Moneyboxx will remain the lender, responsible for underwriting all loan applications according to its credit policies and regulatory requirements. This partnership merges Bachatt's technological and digital distribution strengths with Moneyboxx's credit underwriting and lending capabilities to broaden access to formal credit for underserved small businesses.

This digital lending journey complements Moneyboxx's existing branch-led model. The company aims to create a more scalable and diversified lending platform by integrating digital sourcing and servicing with its physical presence and underwriting expertise. This strategy is expected to expand its customer base and improve operating leverage as the digital portfolio grows.

Moneyboxx Finance Limited operates as a non-deposit-taking NBFC, providing business loans up to ₹25 Lakh to small and micro enterprises, primarily in semi-urban and rural areas. The company has a network of over 140 branches across 12 states.