Fintech Startup Biz2X Expands Its Footprints; Opening a new office in Mumbai
Biz2X, a leading digital lending SaaS platform that enables financial institutions to offer a digital online lending experience for their SME customers, is expanding its footprint in the domestic and international markets. The fintech company has opened its new office in Mumbai as part of its aggressive expansion strategy.
Biz2X is an established platform that major banking and financial institutions in the world, such as HSBC, have chosen to launch their new online lending initiatives. With improved loan management, servicing, risk analysis and a configurable customer journey, Biz2X helps banks run their lending business at scale, with much reduced manual processes.
Opening offices in new, strategic locations will contribute to double-digit business growth by helping the company maintain its growth rate and meet the changing needs of its customers. Most of India’s banks and financial institutions are headquartered in Mumbai, making it the country’s financial hub. Mumbai is home to some of the best talent, which will help create the highly sought-after managed services solutions that financial institutions have come to depend on in recent years.
Commenting on how Biz2X has grown multiple times over the past year, Mr. Vineet Tyagi, their Global CTO said, “Biz2X began 2022 with a few amazing launches including maadhyam.ai and has more exciting launches planned towards the end of this year.” He further added, “We aim to grow both domestically and internationally with a focus on the APAC and ME regions. Talking about our expansion in India, the country has a significant market and as the digital revolution accelerates, we will continue to concentrate us here and expand our already impressive list of clients.Since top banks and NBFCs are present in Mumbai, we expect starting an office here will significantly increase the size of our business.We are growing at 40 percent plus annually and expect to double of the business with the opening of our new office in Mumbai.”
The Biz2X platform is designed for banks and NBFCs who are ready to streamline their time consuming process. Biz2X provides this proprietary technology to banks and NBFCs so that they can make accurate credit decisions instantly and offer loans to small business customers within days instead of weeks. This is due to the dynamic features of Biz2X such as open API integrations, configurable rule engines and workflows, statement analyzers and GST insights, rich UI/UX capabilities with UI orchestration, and finally, all this with low cost of ownership and transition to a true SaaS -based customer pricing.
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