Gurgaon, India, January 29, 2016: AskMe Group has announced AskmeFin for SME Financing, an initiative aimed at addressing the finance requirements of SMEs by offering them a suite of financing options. The details of the portfolio of loans offered as well as the group’s future plans for the proposition.
AskMe Group had recently announced a series of strategic alliances to facilitate faster financing for SMEs, irrespective of the size of their business last month. It had tied up with Mahindra Finance, Bajaj Finserv, Capital Float, Religare, SMEBank.in and Mandii.com, and will be offering loans ranging from Rs. 50,000 to Rs. 1 crore to its sellers, available for tenure ranging from 15 days to 6 months.
Sudeep Gupta, Head-AskmePay said, “For over three decades, the AskMe Group has been at the forefront of fostering an ecosystem for SMEs in India where they can grow their business through the group’s various initiatives. We are currently working with over 14 million SMEs and have an in-depth understanding of their requirements. We understand that easy and hassle free finance is one of the key roadblocks to the growth of the SMEs in India and we believe that AskMe, with its digital focus and its strong access to long tail SMEs, can act as a catalyst and pave the way for SMEs to connect with the right kind of financial partners.”
Pawan Lohia, CEO AskmeFin added, “We are committed to helping the SME owners get the funds they need in a hassle-free manner. Through Finclave, all our finance partners and sellers gathered together under one roof to get clarity of the process and know the benefits that we all will mutually get through this initiative.”