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IREP Credit Capital and AllCloud Revolutionize MSME Lending with Unified Lending Technology

10-25-2024 08:50 AM CET | IT, New Media & Software

Press release from: Allcloud Enterprise Solutions

IREP Credit Capital and AllCloud Revolutionize MSME Lending

Mumbai, India - 25-10-2024

IREP Credit Capital, a leading Non-Banking Financial Company (NBFC-ND), and AllCloud, a pioneer in lending technology, are excited to announce the successful go-live of their Unified Lending Technology platform. This collaboration is set to transform the MSME (Micro, Small, and Medium Enterprises) lending landscape by enhancing financial inclusion and operational efficiency through advanced digital solutions.

A New Era in MSME Lending
Headquartered in Mumbai, IREP Credit Capital provides crucial financial services to MSMEs across Andhra Pradesh, Telangana, and Karnataka, with over 90+ locations. IREP is committed to driving economic growth by addressing the credit needs of small businesses. In partnership with AllCloud, renowned for its cutting-edge lending technology, IREP is set to streamline operations through a unified platform that integrates Loan Origination, Loan Management, Collections, and Lending Analytics.

By leveraging AllCloud's advanced technology, IREP Credit Capital aims to make loan disbursement faster, more efficient, and secure, positioning itself as a leader in MSME financial services.

Innovative Phy-gital Approach to Lending
In a first-of-its-kind initiative, IREP and AllCloud have introduced a Phy-gital (Physical + Digital) lending approach, blending the convenience of digital processes with the trust of face-to-face interactions. This approach provides MSMEs with faster access to credit while ensuring thorough assessments and personalized service.

Key benefits of this Phy-gital approach include:
Enhanced Data Consolidation: Informed lending decisions driven by comprehensive borrower data.
Faster Loan Disbursement: Accelerating access to financial support for MSMEs.
Secure Borrower Assessments: Ensuring risk mitigation through thorough borrower and collateral checks.
Improved Operational Efficiency: Streamlining processes to effectively serve a larger number of MSMEs.

Leadership Insights
"IREP Credit Capital is committed to fueling economic growth by offering timely financial services to MSMEs. Through our partnership with AllCloud, we aim to provide a seamless onboarding experience for our customers, while also boosting internal operational efficiency," said Naresh Naik, CEO of IREP Credit Capital.
Ankith Khadloya, Co-Founder of AllCloud, added, "At AllCloud, we understand that every customer has unique onboarding and credit policies that are key to their success. The IREP implementation involved numerous partner integrations, enhancing operational efficiency and delivering a superior mobile-based borrower journey. This is just the beginning of our collaboration."

Commitment to Financial Inclusion
IREP Credit Capital remains focused on promoting financial inclusion by extending tailored financial products to underserved markets. The company empowers MSMEs by providing credit solutions that enable businesses to scale, manage cash flows, and invest in growth opportunities. Through this partnership with AllCloud, IREP strengthens its role in driving regional development and financial literacy.
Looking Ahead
With AllCloud's technology integration, IREP Credit Capital aims to expand its service offerings and streamline its lending processes to support even more MSMEs. The goal is to continue driving regional economic stability and empowering small businesses to thrive. Both companies plan to enhance their Unified Lending Technology platform to broaden its reach and impact.

About IREP Credit Capital
IREP Credit Capital is a Non-Deposit Taking Non-Banking Financial Company (NBFC-ND) registered with the Reserve Bank of India (RBI), focused on providing financial solutions to Micro, Small, and Medium Enterprises (MSMEs). With over 12,000 borrowers across 70+ locations in Andhra Pradesh, Telangana, and Karnataka, IREP is committed to bridging the gap in credit access for small businesses in underserved regions. Through innovative, collateral-backed secured business loans, IREP empowers MSMEs to drive economic growth and financial inclusion, supporting the development of unbanked and underbanked communities.
For more information, visit [www.irepcreditcapital.com].

About AllCloud
AllCloud is a leading New Age SaaS solution provider offering a Unified Lending Technology platform that integrates Loan Origination, Loan Management, Collections, and Lending Analytics. By leveraging cutting-edge technology, AllCloud empowers financial institutions, including over 95 NBFCs and banks, to streamline and enhance their lending operations. Designed for efficiency and scalability, AllCloud's comprehensive platform addresses the evolving needs of the financial sector, with a strong focus on supporting MSME lending and delivering excellence through innovative solutions.
For more details, visit [www.allcloud.com].
Media Contact:
Satish Rao
Digital Marketing Specialist
Allcloud Enterprise Solutions Pvt Ltd.
Phone: 7229867770
Email: satish.rao@allcloud.in
Website:[www.allcloud.com]

Hyderabad

AllCloud provides innovative cloud-based solutions for financial institutions, offering seamless digital transformation through cutting-edge loan origination, management, and microfinance software. With a focus on enhancing efficiency, automation, and integration, AllCloud empowers businesses to streamline operations and deliver exceptional financial services.

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