Digital payments major Paytm has tied up with Gurugram-based Clix Finance to provide immediate digital loans for MSMEs and self-employed. The loans will be extended through Paytm Postpaid as a deferred payment option for consumers and to merchants as credit line.
Started in 2016, Gurugram-based Clix Capital was founded by former GE Capital India and Asia head Pramod Bhasin. Clix will shift the existing Paytm Postpaid loans onto its books and fund all the new loans through the platform as well. (Source)
