Key Transaction Details
Paisalo Digital Limited signed a Memorandum of Understanding (MOU) with FatakPay for a co-lending partnership with an overall limit of ₹500 crore. The partnership will operate on an 80:20 participation basis, with Paisalo funding 80% and FatakPay funding 20% of each loan.
Operational Framework
The facility will focus on extending credit to eligible borrowers, including micro-enterprises and MSMEs. Paisalo will undertake KYC verification of customers in compliance with regulatory requirements and will handle customer data storage in compliance with regulatory requirements.
Strategic Context
The MOU represents another significant co-lending partnership for Paisalo and reinforces the company's strategy of scaling growth through strategic alliances, technology-led distribution, and broader access to credit. This partnership supports Paisalo's three-year strategic roadmap of doubling AUM, income, and PAT.
Management Commentary
Santanu Agarwal, Deputy Managing Director of Paisalo Digital Limited, stated that this ₹500 crore co-lending MOU represents another important milestone in Paisalo's growth journey and reflects increasing momentum in their partnership-led lending strategy. He emphasized that partnerships remain a key growth driver for achieving their three-year roadmap objectives.
Company Background
Paisalo Digital Limited is a technology-enabled lending platform focused on expanding formal credit access to micro-enterprises, MSMEs, and underserved borrowers across India. The company has a wide geographic reach with a network of 5,995 touch points across 23 states & UTs in India.