Poonawalla Fincorp launches digital Business Loan 24/7 for MSMEs
By Aman Shukla Published on June 9, 2025, 07:57 IST
Poonawalla Fincorp Limited (PFL), a non-banking financial company (NBFC) promoted by the Cyrus Poonawalla Group, has launched 'Business Loan 24/7' — a fully digital lending solution targeted at micro, small, and medium enterprises (MSMEs).
The new product is designed to offer instant loan approval through a risk-first digital model that evaluates creditworthiness using real-time data. Business Loan 24/7 is powered by Straight Through Processing (STP), which allows for an end-to-end paperless and branchless loan journey.
According to PFL, the loan product integrates with India's digital public infrastructure, including the Goods and Services Tax (GST) network, account aggregators, and credit bureaus. This integration facilitates automated data verification and financial behavior assessment, enabling faster and more precise credit decisions.
The company said its model moves beyond traditional metrics by incorporating digitized data directly from the source to strengthen the risk assessment framework. The focus is on delivering responsible credit access to growth-focused enterprises while managing risk through advanced analytics.
Business Loan 24/7 is aimed at MSMEs across Tier 1, Tier 2, and Tier 3 cities, covering segments such as retail, services, trade, and manufacturing. PFL plans to gradually build scale over the next 4–6 quarters, maintaining a calibrated approach to risk.
This launch follows the company's earlier rollout of a digital lending solution for salaried professionals and is part of its broader strategy to expand digital lending capabilities in both consumer and MSME segments.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
11 hours ago
- Business Upturn
AGI Infra board approves construction contract worth over Rs 16 crore for Jalandhar Heights-IV project
By Aman Shukla Published on June 10, 2025, 17:05 IST AGI Infra Limited has announced that its Board of Directors, in a meeting held on Tuesday, June 10, 2025, approved a significant construction contract with M/s AGI Construction Private Limited. The agreement pertains to the development of a group housing project under the name 'Jalandhar Heights-IV.' The contract, valued at ₹16,09,67,050 (excluding GST), is for the construction of two residential towers with a total built-up area of approximately 1,89,373 sq. ft. The project is set to be executed up to the structural level and is expected to be completed within three years from the contract execution date. This contract marks a key milestone in AGI Infra's ongoing expansion in the real estate sector, particularly in the Punjab region. The engagement with M/s AGI Construction Private Limited, a domestic entity, reinforces the company's commitment to local partnerships and quality-driven development. The board meeting commenced at 3:30 PM and concluded at 4:30 PM at the company's registered office located in Urbana, Jalandhar Heights-II. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
12 hours ago
- Business Upturn
Nifty 50 top gainers today, June 10: Grasim Industries, Tech Mahindra, Dr. Reddy's Laboratories, Tata Motors and more
By Aman Shukla Published on June 10, 2025, 15:39 IST The Indian stock market witnessed a mixed trading session on June 10, with benchmark indices closing nearly flat amid volatility. At close, the Sensex was down 53.49 points or 0.06 percent at 82,391.72, and the Nifty was up 1.05 points at 25,104.25. Despite the subdued broader market, several Nifty 50 stocks posted strong gains, led by Grasim Industries, Tech Mahindra and Dr. Reddy's Laboratories. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on June 10 Grasim Industries rose 3.7% to close at ₹2,704 . Tech Mahindra gained 2.1% , ending at ₹1,612.90 . Dr. Reddy's Laboratories climbed 2.1% , closing at ₹1,346.80 . Tata Motors advanced 2% , settling at ₹732.30 . Infosys increased by 1.5% , finishing at ₹1,596 . Adani Enterprises moved up 1.4% to ₹2,618 . HCL Technologies and Wipro both rose 1.4% , closing at ₹1,670.70 and ₹254.70 , respectively. Bharat Electronics edged up 1.3% to ₹397.40 . Tata Consultancy Services (TCS) saw a 1.2% gain, ending at ₹3,462.90. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
12 hours ago
- Business Upturn
Wipro extends partnership with Metro AG to further strengthen IT operations
By Aman Shukla Published on June 10, 2025, 16:01 IST Wipro Limited, a global leader in AI-powered technology services and consulting, has announced a two-year extension of its strategic partnership with Metro AG, a leading international food wholesaler. This renewed agreement reinforces Wipro's role in delivering integrated digital services, including cloud solutions, data management, application development, and AI-driven IT support to enhance Metro's business operations. Since 2021, Wipro has been a key IT partner for Metro, spearheading a comprehensive change management program that has modernized the company's IT infrastructure. By aligning with Metro's cloud-first strategy and collaborating with top hyperscalers, Wipro has successfully migrated 80% of Metro's on-premise systems to the cloud. This transformation has significantly improved operational efficiency, agility in customer response, and cybersecurity resilience while supporting Metro's sustainability goals by reducing its carbon footprint. Under the extended partnership, Wipro will further accelerate Metro's digital transformation by deploying advanced analytics, automation, and cutting-edge Gen-AI solutions. The collaboration will focus on enhancing security, scalability, and long-term operational readiness. Additionally, Wipro will play a pivotal role in shaping Metro's data and AI strategy, offering cost-efficient, customized solutions along with robust data governance frameworks. This continued alliance underscores Wipro's commitment to empowering enterprises with future-ready digital solutions, ensuring seamless and intelligent business operations in an evolving technological landscape. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
