Biz2X and TruBoard Collaborate to Transform SME Lending in India

Biz2X, a leading digital lending SaaS platform and a subsidiary of Biz2Credit, today announced its partnership with TruBoard Partners, a prominent asset performance management company, on the Maadhyam Platform.

The integration of TruBoard’s cutting-edge services onto the Maadhyam digital platform aims to address the growing concern of Non-Performing Assets (NPAs) in Retail and Small Business loans. This collaboration empowers Maadhyam clients to efficiently manage their portfolios, substantially reduce NPAs, and foster better financial inclusivity for SMEs.

The Biz2X Maadhyam platform, renowned for its SME loan sourcing and enablement as a service, has already garnered immense support from top SME lenders, including private banks, small finance banks, and NBFCs across India. With TruBoard’s expertise, Maadhyam will now offer “Collections as a Service,” providing lenders with a comprehensive solution to resolve the defaults effectively, all on a single platform.

Vineet Tyagi, Global CTO at Biz2X, commented, “We are thrilled to partner with TruBoard to enhance our focus on value-added services for SME Lenders through Maadhyam. With TruBoard’s expertise, we aim to achieve a virtually zero NPA for the complete Maadhyam portfolio, transforming SME lending in India. This partnership holds great promise for our lenders and borrowers alike.”

Kunal Shah, Group CFO & MD Retail Solutions at TruBoard Partners, added, “Our primary objective is to make a resounding impact in the retail and small business loans category by assisting lenders in their collections management process. Partnering with Maadhyam will unlock our potential and establish a strong foothold in the market. We are excited about this venture with Biz2X Maadhyam and look forward to achieving our goals while fostering mutual growth.”

Launched in June 2022, Maadhyam, the innovative solution introduced by Biz2X, serves as a bridge between lenders and borrowers, accelerating financial inclusion for SMEs in India. Through their aggregators and anchors, Maadhyam fosters true partnerships between all stakeholders, enabling optimization of working capital flows and cash flows, ultimately driving growth across the entire ecosystem.

TruBoard’s tech-powered ‘Phygital’ retail loan portfolio management Solution – TruCollect, empowers lenders with a nationwide collections network, enabling them to concentrate on lending and risk management. By providing a comprehensive 360-degree view of borrower touchpoints, optimizing field operations, leveraging predictive analytics, and enhancing collections efficiency, the integrated system delivers unparalleled benefits for lenders.