OTO, a digital two-wheeler commerce platform and a player in two-wheeler financing, announces its collaboration with Suryoday Small Finance Bank, a new-age bank. This alliance is focused on transforming the landscape of two-wheeler financing, particularly for the underserved customer segments.

With a robust target of disbursing over Rs 1,000 crores in the Financial Year 2024 through its lending partners, OTO is hopeful that this partnership with Suryoday Small Finance Bank will contribute immensely to achieving this goal.

Sumit Chhazed, Co-Founder and CEO of OTO, expressed his enthusiasm for this strategic partnership, saying, “Financing plays a pivotal role in the decision-making process for individuals contemplating the purchase of a two-wheeler.”

Chhazed continued, “At OTO, our mission has always been to stay attuned to the evolving needs and trends within the two-wheeler market. We have enabled 7,5000+ customers to get their dream two-wheeler and as we continue scaling 3x y-o-y, partners like Suryoday Bank allow us to cater to the growing needs of our customers through affordable financing options”.

Senthil Kumar, Chief Business Officer-Inclusive Finance & Wheels at Suryoday Small Finance Bank, said, “Inclusion and empowerment lie at the heart of every business decision and strategic initiative of Suryoday Bank. Through this partnership with OTO, we hope to target and serve the young, digital-savvy, and aspiring customers from Indian households and expand our retail portfolio by providing them with quality financial services.”