Funding:Ahmedabad-based lending platform online PSB loans from HDFC Holdings and Transunion for Rs. 50 crore was received



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Transunion and HDFC will have a strategic minority stake in the company

Ahmedabad-based online lending platform Online PSB Loans Limited (OPL) to Transunion and HDFC Holdings Limited in the current round for Rs. 50 crore fund has been received. As part of this investment, both Transunion and HDFC will acquire a strategic minority stake in OPL. The company allows micro, small and medium enterprise (MSME) and individuals to apply for loans in 59 minutes or less from leading banks and credit institutions and give in-principal approval.

New standards will be added to the work culture of the
company, ”said Jinand Shah, MD & CEO of the company. This partnership establishes our company’s commitment to enhance the professional growth of its employees by setting new standards in the company’s work culture. Our progress demonstrates OPL’s internal HR policies and high alignment efforts to improve productivity and foster a harmonious and thoughtful work environment.

Our customers to extend credit services
with the glow of loans PSB On-Line Co-Founder and COO Shah said, transayuniyana and HDFC Ltd team, we will improve access to services extend credit to our customers and analytical capabilities. With the help of the partnership, the three companies will combine their outstanding strengths and capabilities for data, technology and analytics to innovate new products and solutions that could give a new direction to lending in the country.

Updated: December 16, 2021 — 8:25 am