Aeries Financial Technologies Pvt. Ltd, a fin-tech company promoted by serial entrepreneur and private equity investor Mr. V. Raman Kumar made two announcements.
CASHe, India’s fastest loan giving app for young salaried professionals has entered into a strategic sales partnership with India’s largest financial distributor, Andromeda. With this sales collaboration, the customers registered with Andromeda will now have easy access to instant short-term credit facility from CASHe through its multiple loan options ranging from Rs 5,000 to Rs 1,00,000 payable over 15, 30 & 90 days.
CASHe has also partnered with India’s largest mobile payments and commerce firm, Paytm to allow its users to deposit cash transfers from CASHe to their Paytm wallets. With this integration, users of CASHe now have an option to transfer their loan amounts into their Paytm Wallets in part or in full and credit the rest of the amount into their bank accounts. This is an industry-first innovation from CASHe.
Speaking about the Paytm partnership, Mr. V. Raman Kumar, Chairman, Aeries Financial Technologies Pvt. Ltd said
The mobile wallet usage has grown exponentially over the last few years. We are excited with our partnership with Paytm, the leader in digital payments in India. Both CASHe and Paytm stand to gain with this integration. Our easy-to-use mobile application platform will now offer an option for our users to directly credit their loan amounts into their Paytm accounts in parts and the rest can be directly credited in to the bank accounts. With their wallets now funded, our customers can use Paytm to pay for various transactions. The integration with Paytm is in line with our product expansion strategy to continuously innovate and offer benefits to our customers.
Speaking about the Andromeda partnership, Mr. V. Raman Kumar, Chairman, Aeries Financial Technologies Pvt. Ltd said
We are excited to partner with Andromeda, India’s largest financial distributors. Andromeda’s large customer base can now avail loans within minutes on a smartphone. We believe access to quick and easy credit without any collateral and documentation is an exciting proposition for the young salaried professionals. With our partnership with Andromeda, we hope to increase our customer base exponentially.
CASHe provides hassle-free loans with its app enabled documentation & loan disbursal process. Powered by its industry-first algorithm driven credit scoring platform, The Social Loan Quotient [SLQ], CASHe quickly determines a user’s credit worthiness by using multiple unique data points to arrive at a distinct credit profile of the customer. SLQ is transforming the traditional credit rating measurements thereby providing immediate loans to the under-served young professionals who are kept out by traditional credit rating and banking systems. CASHe is completely automated and requires no personal intervention and no physical documentation. The average time taken for a loan to be disbursed is about 8 minutes, subject to proper submission of all documents.
About CASHe
CASHe, a fin-tech product of TSLC PTE. LTD., promoted by Aeries Financial Technologies is as unique as the young professionals it serves. In a smart digital world, CASHe offers millennials quick and easy personal loans through processes that are transparent, innovative and tuned to the times. CASHe utilises sophisticated algorithms and machine learning capabilities to deliver an amazing and improved lending experience to our customers, thereby helping young professionals achieve their financial goals effortlessly. CASHe offers instant transfer of funds for approved applicants. CASHe is currently available on Android and iOS platforms. Click here to know more on CASHe. Download app from Google Play and iOS app store