Technology-directed financial Service providing company Navi Technologies releases its latest colending platform Navi Lending Cloud (NLC), on 16th November 2022.
The company’s colending platform focuses on enabling virtual co-lending and direct partnership projects with banks and Non-Bank Financial Institutions.
One of the subsidiaries of Navi Technologies, Navi Finserve went live with its first ever colending partners, Piramal Capitals and Housing Finance on 15th November 2022.
Navi Technologies will originate and process the personal loans. Whereas, its partners- Piramal Capital and Housing Finance Ltd will be contributing 80 percent financing of these loans.
The Co-Founder of Navi said that the company has been providing personal loans across 84 percent of pin codes in India. Navi Lending Cloud will help the company to dive further into the market.
He also added that their customers will get the greatest benefits of NLC like they are benefitted from other services and products from the company.
The Navi Lending Cloud platform facilitate investors to go through the portfolio of their choice from the Navi Finserve book. The investors can then analyze, invest and observe, followed by managing the payout.
The company affirms that the direct project assignment is expected to end in 2 or 3 days, opposing the usual ongoing timeline of 15 to 20 days.
Although the colending sector of the NLC platform characterizes real-time loan disbursal. The company also helps in Real Time Gross Settlement of Collection payments to all colenders including reconciliation management.
About the Company
The tech-driven finance company Navi Technologies was set up by Sachin Bansal and Ankit Agarwal in the year 2018.
With its headquarters in Bengaluru, the company offers digital financial services to its customers. The finance company targets young adults with middle-income salaries who are connected digitally.
Being an end-to-end digital atmosphere player, the company provides security over all three financial services; insurance, lending, and asset management in customer experience.
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