Stride Ventures has led a debt round of Rs 15 crore in ZipLoan, a technology-enabled lending platform that provides loans to MSMEs. This is Stride’s first foray into Fintech lending and the amount will be disbursed across two tranches.
ZipLoan caters to the need of working capital loans for kirana stores and micro industries. Its proprietary ZipScore platform, that tests creditworthiness of a borrower, has so far helped it maintain its non-performing assets (NPA) at under 3%.(Source: PR)
