Fintech Credit Wise Capital and Suryoday Small Finance Bank have entered a 100 Crore investment agreement together, forming a strategic partnership to offer digital two-wheeler loans at competitive interest rates throughout the country.
With Credit Wise Capital’s recent history of making in-roads into untapped regions and in the EV Two-wheeler segment, this partnership is one that builds on the strengths of both the firms, enabling them to expand further into underserved markets.
Aalesh Avlani, Founder, Credit Wise Capital states, “There is a rise in people looking to buy two-wheelers in urban and as well as rural regions of the country. By partnering with Suryoday Small Finance Bank, we will not only expand our market but also add value to the financing sector in tier 2 and tier 3 regions and rural areas where the service was scarcely available earlier. We hope to bring in more mobility and independence across homes with easy loan application processes in an app-less model”.
Narayan Rao, Chief Services Officer, Suroday Samll Finance Bank further adds, “We are always looking for ways to simplify the loan process and provide the best digital customer experience. This partnership with Credit Wise Capital will extend our reach to customers even in smaller districts and help them avail loans at a lower rate of interest and also become a part of the organised financial sector.”
Credit Wise Capital’s expertise in the financing market has been ever-growing, with partnerships and initiatives across the board. The firm recently rolled out Twin2 across more than 500 dealerships all over the country, enabling customers to cut down the time needed to explore financing options for their two-wheeler purchases. The company guarantees a 2 min decision and approx. 20-minute delivery of your two-wheeler.
Their range of solutions includes financing for two-wheelers, electric bikes, insurance, servicing, and everything that falls between the ownership pipeline for customers.
As a company making digital strides to enable a more transparent, efficiently serviced market base, this partnership is a step further in unlocking the potential in untapped markets, both rural and urban.