Moongipa Capital Finance Expands Digital Lending Operations through Partnerships with MoneyAse and Quess Corp
Moongipa Capital Finance Limited has executed strategic agreements with Codemodulu Financial Investment Services Private Limited (MoneyAse) and Quess Corp Limited/BCPL to strengthen its digital lending business capabilities. These arrangements are set to significantly boost the company's reach, operational efficiency, and technology integration within the lending space.Under the collaboration with MoneyAse, Moongipa Capital Finance will utilize the specialized digital platform provided by Codemodulu Financial Investment Services Private Limited. This platform is designated for customer sourcing, streamlined digital onboarding, and general loan servicing support. It is crucial to note that while leveraging this technology, all core lending decisions—including credit appraisal, sanctioning, pricing, disbursement, and regulatory compliance—will remain exclusively managed by Moongipa Capital Finance Limited.
The expanded partnerships also include a focused initiative with Quess Corp Limited/BCPL. This arrangement involves providing digital lending solutions to the eligible employees of the Quess Group through a dedicated technology-enabled platform.
These strategic moves are expected to enhance Moongipa's existing digital lending capabilities and expand its customer base. The initiatives align with the company’s commitment to improving operational efficiency while adhering to the applicable regulatory framework set by the Reserve Bank of India.
Stock Price Movement
Moongipa Capital Finance Ltd. closed out the trading session on Friday at ₹16.94, posting a strong gain of 2.67%.The shares navigated within their intraday range, moving between a low of ₹16.94 and a peak high of ₹17.01.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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