StrideOne crosses Rs 500-cr disbursal mark

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StrideOne crosses Rs 500-cr disbursal mark
StrideOne crosses Rs 500-cr disbursal mark

The unprecedented growth momentum we have achieved in our maiden year at StrideOne is a testament to the potential of tech-led credit distribution models. We are extremely bullish on doubling down this growth and are working towards diversifying our offerings to continue to enable India’s MSME success story

StrideOne, a tech-led financial services platform for startups, has announced that it has crossed the Rs 500-crore disbursal mark in six months of inception. The company focuses on providing smartly designed customised financial solutions to MSMEs and supply chain partners of startups (anchors). It does this by leveraging data and AI to create risk-efficient, quick-turnaround, frictionless products aimed at enabling access to flexible and timely credit for MSMEs and startup supply chains, which are deeply underserved. Around 85% of disbursals made by StrideOne have been to MSMEs.

Abhinav Suri, Co-Founder, StrideOne, said, “Aligned with our larger mission of fuelling India’s entrepreneurial promise through financial inclusion, we at Stride knew the answer to this barrier to access to finance for MSMEs lies in technology. The unprecedented growth momentum we have achieved in our maiden year at StrideOne is a testament to the potential of tech-led credit distribution models. We are extremely bullish on doubling down this growth and are working towards diversifying our offerings to continue to enable India’s MSME success story”, as per reported by YourStory.

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