Zaggle Partners With EarlySalary To Boost Financial Lending To Businesses
By Leandra Monteiro
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- Digital loan
- Anticipated salary
Zaggle announced its partnership with EarlySalary, India’s largest consumer loan platform for professionals. Teaming up with EarlySalary will enable Zaggle to provide affordable credit to over 4,500 businesses for over 5 million users, which is an integral part of their network.
The digital lending space is booming in India. Over 80% of Indian millennials are considering taking out personal loans for a number of reasons. With the rapid adoption of digitalization, the lending landscape in India has changed dramatically, and thanks to the FinTech industry, India has experienced massive adoption in bringing flexibility and versatility to young audiences for lending.
With this association, Zaggle will expand its product line and offer affordable and instant loan solutions to its existing customer base. Additionally, this partnership will benefit EarlySalary in terms of expanding its financial wellness program by leveraging Zaggle’s large user base, especially in the corporate and enterprise segment.
EarlySalary is committed to delivering a seamless customer experience by leveraging new era technologies in data processing, AI / ML and analytics for real-time analysis and decision making . EarlySalary aims to help millions of people lead better lives who want to achieve financial freedom, meet urgent needs and improve their lifestyle.
Commenting on the partnership, Raj N., Founder and Chairman of Zaggle, said: âThis partnership comes at an opportune time that aligns with the realization of our vision of becoming a global digital bank. Zaggle has a rich and wide range of product offerings for businesses, businesses and SMEs and we want to transcend our prepaid card solutions. The collaboration with EarlySalary is one such breakthrough that allows us to extend our product offering not only to personal loans and lending space, but also to other financial products such as insurance, credit and wealth management which will take the company into new areas of growth.
Commenting on the association with Zaggle, Akshay Mehrotra, co-founder and CEO, EarlySalary said, âAt EarlySalary, we aim to revolutionize access to credit for salaried professionals. This partnership with Zaggle will overcome financial worries with special business benefits such as medical loans, payday advances, easy repayment of a personal loan and will also reduce employee stress related to financial health and to their productivity at work and will ensure that cash flow requirements and productivity are high through our top quality digital services. We constantly strive to bring innovative business solutions to a diverse set of corporate clients to make them an integral part of our strong network.
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