Revolutionizing MSME Credit: Unleashing Digital Lending Solutions

OPL’s platform PSBLoansin59Minutes.com is designed for the automation of credit to MSMEs. It provides a digital approval in 59 minutes and a disbursement TAT of 7 days. The platform has processed more than Rs. 1 Lac crore applications with more than Rs. 72,000 crores of disbursements. OPL provides white-label solutions to Banks & STP solutions for landing.?

Another revolutionary product, Fit Rank, a first-of-its-kind (AI & ML based) comprehensive ranking model for MSMEs that leverages the information obtained from GST, bank statements, and income tax returns (ITR) to increase access of MSMEs to formal credit facilities. This is the first-ever credit default predictor model developed by OPL in collaboration with TU CIBIL, under the mentorship of SIDBI.

As a push for the digital credit ecosystem, OPL is launching GST-Sahay soon. GST-Sahay will enable MSMEs to secure instant loans using GST details. The platform will benefit 1.2 crore GST-filing MSMEs.?

Today the company has uniquely positioned itself in the Credit Ecosystem for MSME, Retail, & Agri and has a huge part to play in the digitization journey.?

How does it feel to receive this prestigious award (Title)

Ecstatic, unbelievably awesome; It’s wonderful to receive not just the award, but the recognition from peers and industry leaders.?

How would you use being the recipient of this award to influence others and howwould it impact your organization?

Recognition is a push to only do better and get better at what one is doing. These honours reflect the faith and trust our partners, shareholders and employees had invested in us. We sincerely believe that everyone played a part in getting OPL to where it is today, and they are the true deserving recipients of this award.

Your organization’s contribution to the field of Financial Services?

OPL has developed a digital credit ecosystem using technology and data to deliver customized fintech solutions to financial institutions such as digital onboarding, risk scoring, and assessment, credit underwriting, API infrastructure, and management, etc. enabling their digital transformation.?

How are you different from people working in a similar domain?

We were the industry pioneers in digitizing MSME credit, and as per Credit Suisse, we are the largest digital lending platform.?

What is the mission of your company follows?

Empowering borrowers and lenders through creating cutting-edge digital lending ecosystem.

How long has your company been in business?

Since 2015

What was the competitive strategy that helped you bag this award?

Being agile has made us industry-first. Unique products designed for financial institutions and borrowers have given us an edge in the industry. Innovation is our DNA.?

According to you who is/are responsible for this accolade?

Our entire team. They have relentlessly worked with dedication to put us on this center stage not only in terms of this award but all the appreciation and recognition from the industry.?

What sets you apart from your competitors in the context of your productsand/or services?

Speed, Agility, and Innovation. We are digital lending infrastructure solutions provider with two marketplaces, that has a banker interphase at one end and a borrower interphase on the other. We began this journey to digitise credit for MSMEs, Retail and Agri with a lending platform and have expanded to providing innovative white-label credit solutions, with more on the horizon.