Andromeda Join Hands With Biz2Credit To Digitally Enhance Its Operations

Andromeda, loan distributors, entered a strategic alliance with Biz2Credit, a US-based fintech marketplace and platform for business funding.
 
The collaboration will facilitate Andromeda to leverage Biz2Credit’s financial services technology and patented analytics platform to deliver an innovative and convenient lending experience for borrowers in India.
 
V Swaminathan, Founder and CEO, Andromeda, said, “The partnership will witness Andromeda leverage Biz2Credit’s patented technology for its expansive network in India. The result will unveil the next phase of growth in India’s commercial lending space.”   

Andromeda has disbursed loans worth Rs 13,000 Crore last year and is aiming at disbursal of loans worth Rs 18,000 crore in current financial year.
 
Biz2Credit currently delivers to borrowers is unparalleled in the US market. The collaboration will enable the company to offer a similar basket of services in India through Andromeda’s sales network.  

The platform will enable borrowers to complete all documentation pertaining to the loan application steps digitally. Also, loan approval will become much faster owing to the seamless integration with a growing list of lenders already integrated on the platform.
 
In addition, borrowers receive real-time updates on the status of their applications through the online dashboard.