Tata Capital has announced a partnership with Biz2Credit, a leading online resource for small business finance. Through this tie-up, Tata Capital will utilise the acquisition channels on Biz2Credit’s small business lending marketplace in India, thereby making finance available to thousands of small and mid-sized companies in the country.
Tata Capital also will gain access to a full range of Biz2Credit’s offerings including data and risk analytics through the patented BizAnalyzer Score to fund small businesses transactions.
Tata Capital currently has a total book size of over Rs 42,000 crore and Biz2Credit has provided more than $1.3 billion in finance to thousands of small and mid-sized companies.
“Lack of organised credit to small business owners is a gap in the Indian financial market today and an inhibiting factor for growth of entrepreneurship in India. Tata Capital aims to address this gap with its focused digital offerings,” Govind Sankarnarayanan, COO – Retail Business and Housing Finance, Tata Capital said.