Easebuzz launches digital lending stack for NBFCs and Fintechs

Easebuzz has announced the launch of a full-stack digital lending suite for NBFCs and Fintech players. It is a one-stop solution developed to manage disbursements, collections and offer KYC solutions for seamless borrower onboarding with enabled automated reconciliation. The stack complies with RBI digital lending guidelines with connected banking current account powered by its banking partners.

For efficient disbursements, Easebuzz is offering a Wire Payout solution that also facilitates NBFCs with a connected banking current account powered by its banking partners. With this solution, NBFCs can also manage multiple Fintech partners, each with a separate sub-merchant account, under a single current account. They can further control the sub-merchant accounts to initiate the loan disbursals to borrowers’ accounts via APIs. The KYC module in the Digital Lending Stack also provides the facility of bank account verification using penny drop, UPI ID verification and bulk verification via API or through a dashboard.

Additionally, the company is also providing a comprehensive suite of solutions for easy collection of repayments. It includes Payment Gateway, EasyCollect, and InstaCollect to ensure multi-fold benefits, including higher transaction success rates, automated payment reminders for timely money collection, easy reconciliation, accurate transaction status tracking, and better safety with PCI DSS Level-1 compliance to the NBFCs.

Rohit Katyal, Group Head Business, Easebuzz, said, “Supporting and in compliance with RBI’s digital lending guidelines, Easebuzz is happy to offer a full-stack digital lending suite that will cater to end-to-end use cases of NBFCs and Fintechs with respect to loan disbursements, repayment collections, and KYC module for efficient borrower onboarding - all from a single platform. With our range of solutions, NBFCs can now safely migrate to new digital lending workflows and sustain their business growth while complying with RBI Guidelines. Easebuzz products can be either accessed through dashboards or can be integrated through APIs, making it very agile and easy to scale up.”

Built on the foundation of API-based Payment technology, Easebuzz offers best-in-class success rates and accurate transaction status. With this launch, Easebuzz will now facilitate direct loan disbursals and repayments between NBFCs and borrowers.