September 27, 2023

Republic21

Indipaisa, awarded India’s fastest-growing brand starts empowering MSMEs

4 min read
1 year ago dsprime

Indipaisa, awarded India’s fastest-growing brand starts empowering MSMEs 

New Delhi (India), September 5: Indian Micro & Small-Midsized Enterprises (micro SMEs) are usually forgotten and underserved by the banks, Fintech’s, and financial institutions. Why? Because their revenues are small, their volumes are small, and they are not profitable to profit-seeking financial institutions, in most cases, banks and fintech’s have a set of solutions that are targeted at small customers. However, the price points are too expensive, and the service quality is too low.

Indipaisa (www.indipaisa.com), a Noida-based fintech brand, backed by Nexxo Ventures a Dubai-based digital banking venture firm, is India’s fastest growing brand in 2021-22, now performing in 5 states and planning to spread across PAN India by giving commercial micro banking solutions to empower MSMEs. Indipaisa’s commercial micro banking solutions are now being utilized by MSMEs in Delhi/NCR, Uttar Pradesh, Madhya Pradesh, Maharashtra, and Karnataka which is changing the status quo and offering low-cost & high-quality financial services. These services are customized from the ground up to address the needs of Indian small business owners and operators. Indipaisa conducted more than 30,000 questionnaires to hundreds and hundreds of Indian micro businesses, then developed a Social Network powered Fintech platform offering integrated digital commercial micro banking services to under-serviced and under-banked Indian micro SMEs. Indipaisa has already opened an innovation centre in Bengaluru and plans to open another office in Mumbai as it doubles up on its efforts to reach out to MSMEs across PAN India in 2023.

Commenting on the award, Aizaz Tahsildar, CEO of Indipaisa said “It’s been more than a decade that we have championed in providing commercial banking solutions to MSME in MENA regions and now we are here in India where the largest MSME exists. Our focus has always been MSME. We have been using machine learning (ML) and artificial intelligence (AI) powered platforms for commercial micro banking solutions. This award is for the team behind Indipaisa, which represents a combination of more than 200 years of experience in various sectors in fintech, digital banking, IT security, electronic payments, and compliance. This amalgamation of expertise is fuelled by cutting-edge technology.

Indipaisa empowers small businesses with its financing tools like the all-in-one POS device, Just-Tap POS terminal, SoftPOS, e-billing, e-commerce, GST tax & ITC filling, Insurance, micro business lending and payroll solutions. All these solutions are built with the needs of local businesses in mind. The payroll solution built by Indipaisa allows business owners to roll out salaries in minutes. The solution covers everything from calculating deductions and allowances to taxes and vacation payments and saves time, effort, and money, which translates to higher profit in the long run.

Nebil Ben Aissa, Founder and Chairman of Indipaisa said, “I have always been impressed and fascinated with India; I have been investing in India since the early 2000s (more than 20 years ago), and I am very impressed with the social impact made by the partnership of Indipaisa. Prior to launching its services, the Indipaisa team conducted 30,000 question questionnaires and interviewed hundreds and hundreds of small and micro SME owners in order to discover the micro SME’s top pain points when managing finances. Now, millions of Indian micro and small business owners and operators will have access to high-quality commercial micro banking services at low, affordable prices; a true success story of financial inclusion and social responsibility empowering emerging economies in the Southeast Asian markets.”

Commenting on the recognition, Narayanan Kannan (https://www.linkedin.com/in/narenkannan/), CIO, Indipaisa said “We are delighted with this recognition. This honors the efforts that we have put behind Indipaisa in less than 12 months. We have been relentless in our efforts to digitise Indian MSMEs by providing commercial micro banking solutions and will continue doing so by coming up with cutting-edge products and services that empower MSMEs. The technology stack of Indipaisa takes care of every type of transaction for micro, small, and medium-sized businesses. Additionally, Indipaisa AI predicts the micro SME’s cashflows, thus giving it a tremendous competitive advantage to tap into the highly fragmented Indian micro-lending market, estimated to exceed $380bn, while delivering growth and profitability at low NPL ratios.”

Ever since the launch, Indipaisa has partnered with the local payments bank, technology partners, insurance, and loan providers to introduce various digital commercial micro banking financial services and products to deploy a FinTech platform that empowers Indian MSMEs. It is also a part of the Indian government and RBI’s digitized payments drive.

If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

dsprime

See author's posts

Tags:

More Stories

6 min read

The Top 6 Eminent Personalities Who Inspired the Globe

18 hours ago dsprime
3 min read

HRX Announces a Strategic Partnership for the Tawang Marathon in Arunachal Pradesh

19 hours ago dsprime
4 min read

Breaking the Mold: How Sanchar.xyz is Empowering India’s Growing Freelance Economy

20 hours ago dsprime

122 thoughts on “Indipaisa, awarded India’s fastest-growing brand starts empowering MSMEs”

  33. The multilingual support team is on deck around the clock to help you. Sloto Stars Casino | 80 Free Spins on Penguin Palooza Restricted CountriesAfghanistan, Azerbaijan, Bangladesh, Belarus, Bhutan, Brazil, Canada, Cayman Islands, Colombia, Guam, Indonesia, Iran, Iraq, Israel, Kazakhstan, Kyrgyzstan, Lebanon, Mexico, Moldova, Netherland’s Antilles, Pakistan, Philippines, Puerto Rico, Syria, Tajikistan, Turkmenistan, United Kingdom, Uzbekistan, Virgin Islands(US) No deposit bonuses are a type of casino bonuses given to players without the need for them to deposit their own money into the casino. Casinos use them as a promotional tool to give new players an incentive to create an account and start playing. No deposit bonuses make it possible to essentially gamble for free, but their values are generally low.
    http://marukorea.kr/bbs/board.php?bo_table=free&wr_id=380426
    The required playthrough for Planet 7 Casino bonuses varies depending on the bonus code you claim. They can be as long as no playthrough up to 5x, still lower than some casinos that require 30x or more. Usually, a no deposit casino will offer anywhere between 20-100 free spins. If you get 20 free spins, it entails that you can spin the reels of the slot 20 times without your casino balance funds being consumed. The bet size for each free spin is usually fixed to the smallest allowed minimum stake for the slot and cannot be changed by the player. Casinos will also nominate one or more games on which the free spins can be used and players cannot use the free spins on any other games. Types of No Deposit Bonuses Start with the online casinos in our top list. Before you click on a no-deposit bonus offer, check the listing for a promo code. If we list one, always write casino bonus codes down. During the sign-up process, enter the casino bonus code into the appropriate field. By doing this, you won’t miss out on a no deposit bonus offer!

  109. online pharmacy no perscription: canada drug store – good online mexican pharmacy
    rx from canada – internationalpharmacy.icu They have expertise in handling international shipping regulations.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed

2 min read 16

This Ganesha Pandal in Piplod stands out in Surat as it Feeds Thousands in Need

15 hours ago dsprime
3 min read

TECNO MEGABOOK T1: Your Must-Have Laptop for These Reasons

17 hours ago dsprime
2 min read

Organized by Sairam Yuvak Mandal, ‘Manta Ka Raja’ Pandal in Althan turns the centre of divinity in Surat

18 hours ago dsprime
6 min read

The Top 6 Eminent Personalities Who Inspired the Globe

18 hours ago dsprime