SG Finserve Limited
SG Finserve Limited, a Non-Banking Financial Company (NBFC), announced the launch of its digital lending solution through a partnership with BharatPe Money (Resilient Digi Services Private Limited) as the Lending Service Provider (LSP) and Succesship Technologies Private Limited as the technology partner.
The partnership aims to improve access to formal credit for India's merchants by offering a seamless, fully digital and paperless borrowing experience. The solution is built in accordance with the Reserve Bank of India's Digital Lending Guidelines, focusing on customer consent, transparency, responsible lending, and regulatory compliance.
The digital lending solution enables eligible businesses to apply for merchant loans through a simplified digital process with faster approvals, minimal documentation, and a seamless customer experience. The collaboration brings together SG Finserve's lending expertise, BharatPe's merchant network, and Succesship's technology platform to make formal credit more accessible for entrepreneurs across India.
Executive Commentary
Kartik Bakshi, Chief Business Officer – Merchant Lending, BharatPe Money, stated that India is home to over 6 crore MSMEs, with the vast majority facing significant gaps in access to timely and formal credit. He emphasized that technology can bridge this gap by making credit faster, simpler, and more accessible.
Anand Rastogi, Founder of Succesship Technologies, noted that their technology enables financial institutions to deliver digital lending securely, efficiently, and at scale, supporting SG Finserve's digital lending offering with a robust technology stack.
Vinay Gupta, CEO of SG Finserve, stated that the launch reflects their commitment to responsible innovation and financial inclusion, with empowering MSMEs through innovative supply chain finance and digital financial solutions being central to their operations.