Akme Fintrade joins hands with MAS Financial Services for MSME co-lending

Akme Fintrade (India) Limited has entered into a strategic co-lending partnership with MAS Financial Services Limited to provide MSME loans. This collaboration is aimed at enhancing credit access to the underserved MSME sector through a seamless digital lending platform.

Under this co-lending model, AKME will bear 20 per cent of the loan exposure, while MAS Financial will take on the remaining 80 per cent. 

"The platform ensures a fully digital loan sanction process, covering the entire loan lifecycle from customer onboarding to disbursement and monitoring without the need for manual intervention, making loan approvals and processing faster and more efficient," the company said in a release.
 
Akme Fintrade is primarily engaged in providing rural and semi-urban-centric lending solutions to customers in Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. The company's portfolio includes vehicle finance and business finance products for small business owners.

Earlier, the shares of non-banking finance company Akme Fintrade (India) Ltd had listed 6 per cent higher against the issue price of Rs 120. The stock began the trade at Rs 125.70, reflecting a jump of 4.75 per cent from the issue price on the BSE. At the NSE, shares of the company listed at Rs 127, up 5.83 per cent.