Editorial Team

CredAvenue, India’s most comprehensive debt market platform, today released the first edition of its CredCo-lend Annual Report highlighting the annual performance of the platform and the industry outlook of the Co-lending sector.

CredCo-lend has grown by 35% month on month and has disbursed close to INR 5000 crores in loans with more than 14 lakhs transactions in FY 21-22. The examination of the data on its platform reveals some interesting facts which point to a few significant trends:

● Consumer Finance accounted for 45% of the platform’s total co-lending volume.

● Housing finance is another important category utilising the co-lending platform, accounting for 35% of overall co-lending volume, followed by the SME segment, which accounts for 9% of overall co-lending volume.

● Maharashtra, Karnataka, and Tamil Nadu account for 36% of the co-lending volumes in the Consumer sector.

● Close to 25% of the co-lending transactions from Delhi and NCR are for Housing Loans.

● More than 30% of the two-wheeler financing comes from Tamil Nadu, followed by Punjab, Maharashtra, and Karnataka, with close to 10-15% shares each.

Irfan Shaik Mohammad, Chief Business Officer – Financial Services, CredAvenue, said, “We have released the first edition of this report as a category leader in digital co-lending, which will showcase our performance and the significant developments in the industry. For the Indian economy to rise, it’s imperative to enable and deepen access to debt to individuals and enterprises across asset classes, demographics and even the tier 2, 3, and 4 cities. Through our tech-enabled co-lending infrastructure, we connect lenders and originators who share this vision. In the process, we give lenders the opportunity to select a partner from a wide range of originators and fulfill their priority sector lending requirements.”

CredAvenue’s CredCo-lend platform is helping bring scalability to the co-lending space through a fully integrated tech-driven co-lending marketplace that simplifies the co-lending processes of Banks and NBFCs through a one-time API integration. The self-serve API eliminates the hassles and time associated with onboarding many partners, allowing users to quickly start and scale up their collaborations. The platform covers – origination, underwriting, disbursement, collection to portfolio monitoring, along with settlement and invoice offerings.

Through a robust technology infrastructure, the CredCo-lend platform has enabled 50+ partnerships across 15+ asset classes in the last financial year, accelerating the adoption of co-lending in the country. India’s borrowing needs are expected to reach one trillion dollars in the next five years. CredCo-lend, with its superior technological and digital capabilities, is poised to play a critical role in the data-driven and timely disbursement of funds, specially to priority sectors.

Content Disclaimer

Related Articles