New Delhi [India], Nov . 8 (ANI): In the wake of one year of demonetisation, which was an overpowering attempt to curtail corruption in the system, there are a few platforms who relentlessly worked over a distinguished model to support the SME sector .
These platforms leveraged a digital route to help consumers as well as small businesses, keep up with the situation .
Here are four platforms, which helped SMEs and individuals with their working capital needs:
LoanAdda .com is a financial technology company that delivers a range of custom-tailored financial services with a focus on under-banked consumers across the globe . They use big data analytics and artificial intelligence to bring relevant offers to customers . These automated processes ensure quick customer turnaround and minimal paperwork .
During demonetisation, LoanAdda witnessed a surge in number of applications by small businesses applying for loans to meet working capital requirements .
The company claims this is the industry's fastest on-boarding process to accept digital payments .
BankBazaar is a popular online stop for loans, insurance, and other financial products . During demonetisation, when a lot of people required a quick financial support, BankBazaar was available with a click .
The company made it simpler for consumers to avail loans while comparing the interest rates of various banks .
This feature allowed merchants to get their account approved and activated within one hour of submitting relevant documents . (ANI)