National, October 15, 2024: Biz2X, a leading digital lending SaaS platform and subsidiary of Biz2Credit, today announced surpassing INR 9,000 crores mark in loan disbursements through its Digital Lending Platform. The milestone highlights the company’s significant impact on the Indian financial market, driving growth through its innovative AI-powered solutions.With a consistent year-over-year growth rate of nearly 30%, Biz2X has demonstrated its ability to scale rapidly and gain widespread adoption in the highly competitive Indian financial ecosystem. In addition to its technology, Biz2X’s growth is powered by strategic collaboration with some of the most prominent financial institutions in India. Financial institutions, in turn, benefit from the platform’s advanced technological infrastructure including some ground-breaking AI innovations, which helps them offer faster, more reliable lending solutions to their customers.
While Biz2X’s success in India continues to gain momentum, the company is also expanding its reach into global markets, including the United Arab Emirates and Saudi Arabia. This strategic expansion is poised to drive rapid client acquisition and deliver significant service enhancements in these key regions. The company’s global growth is aligned with India’s emerging leadership in the Global Capability Center (GCC) market, which is projected to reach $110 billion by 2030. By expanding its footprint into the GCC space, Biz2X is not only increasing its international influence but also contributing to India’s growing stature in the global fintech industry.
Rohit Arora, Co-founder and CEO of Biz2Credit and Biz2X, commented, “Enabling INR 9,000 crores in disbursements is a monumental milestone for Biz2X, and it speaks volumes about the trust our platform has earned from financial institutions. Our AI-driven technology is not only accelerating loan approvals but is also enabling us to bring financial inclusion to the forefront of India’s digital lending ecosystem. We remain committed to expanding both domestically and internationally, creating sustainable growth for SMEs, fostering innovation, and driving the Indian fintech industry forward.”
Looking ahead, Biz2X is setting ambitious goals as it aims to reshape the future of digital lending in India. One of the company’s key growth drivers is its AI-integrated digital lending platform, DigiKred, which plays a pivotal role in optimizing lending functions for Indian Lenders. Leveraging advanced AI capabilities, DigiKred streamlines the loan approval process by enabling financial institutions to quickly assess borrower profiles, reduce manual intervention, and ensure faster, more accurate loan decisions. The platform is expected to facilitate an additional INR 5,000 crores in loan disbursements by the end of FY2025, further scaling the platform’s reach and impact across the financial ecosystem.
Beyond digital lending, Biz2X’s continued growth has wider implications for the Indian fintech ecosystem. The company’s AI and automation capabilities are opening doors to job creation, fostering innovation, and providing enhanced access to capital for businesses through its digital lending platform. By empowering lenders to offer SMEs streamlined access to credit, Biz2X is playing an important role in driving India’s economic development.
The company’s efforts are also driving enhanced access to capital for businesses, particularly SMEs, which form the backbone of India’s economy. By equipping lenders with platform to lend to SMEs, Biz2X is helping to empower entrepreneurs, drive job creation, and stimulate growth in local and regional economies. This, in turn, bolsters India’s broader economic agenda, as SMEs become more resilient and competitive on both domestic and international fronts.
As Biz2X continues its journey of rapid expansion and innovation, it is setting new benchmarks for the digital lending industry—not only in India but also globally. By building a scalable, AI-powered lending infrastructure, the company is contributing to the transformation of the financial services industry. Biz2X’s global expansion into regions like the UAE and Saudi Arabia further highlights its commitment to broadening its impact and cementing its reputation as a leader in fintech innovation. Through this approach, Biz2X is helping shape the future of financial services, bringing faster, more efficient lending solutions to businesses and individuals alike.
