Fintech Startup Happy teams up with MOS World to offer credit to MSMEs

Happy, a neo-fintech platform, has announced its latest partnership with MOS World, a leading rural fintech firm. The aim of the collaboration is to extend the credit limit of MOS merchants to be offered through a 100% digital journey. Since its inception, the organization has provided unparalleled business opportunities for micro-enterprises to either establish or expand their existing businesses.

Founded in 2016, the company has partnered with several merchant aggregators (POS providers, BC networks, e-commerce platforms and more) to enable its merchants with instant loans. Happy has raised a total of $18 million in funding over 2 rounds. Their last funding was raised in 2020 from a debt financing round.

Through this alliance, Happy will expand its reach to MOS World’s merchants across India. This collaboration will help both companies achieve growth by addressing the credit needs of India’s underrepresented and underserved micro-enterprises. This collaboration will end up benefiting both organizations to a large extent and ultimately contribute to the general economic development of the country.

Commenting on this development, Mr. Manish Khera, Founder and CEO of Happy said, “We are extremely excited about this endeavor and look forward to working with MOS World to build a valuable partnership and strengthen the MSME sector. Furthermore, with this alliance we aim to create relationships with other brands and expand our partnership and customer base.What excites us most is the fact that we have now partnered with a fintech company that will help us cater to a niche, underserved sector. We also believe that this is just the beginning, and we expect a very fruitful journey in the future.”

Mr. Chirag Shah, Founder and CEO of MOS World shares his views on the same, “We are delighted to enter into this partnership with Happy. The partnership will focus on launching a lending program for small and large agents in rural and urban areas for to significantly promote financial inclusion and business growth. This alliance will provide access to much-needed capital for agents, enabling them to expand their businesses, increase their revenues and profits, and improve their overall financial health. We are confident that this collaboration will mark an important milestone in the Indian financial sector and look forward to helping agents achieve their business goals.”