Moongipa Capital Finance Ltd Partners with MoneyAse to Scale Digital Lending Operations
Moongipa Capital Finance Limited has established a strategic agreement with Codemodulu Financial Investment Services Private Limited (MoneyAse) aimed at strengthening its digital lending business capabilities. The collaboration is designed to enhance the company’s reach and operational efficiency within the competitive digital finance sector.Under the terms of the new arrangements, Moongipa will utilize MoneyAse’s robust digital platform. This technology partnership focuses on providing support in key areas such as customer sourcing, streamlined digital onboarding processes, and general loan servicing assistance.
Crucially, while leveraging the platform for scaling operations, the agreement maintains that all core lending functions will remain exclusively under the control of Moongipa Capital Finance Limited. These retained responsibilities include lending decisions, credit appraisal, sanctioning, pricing structure, disbursement, and adherence to regulatory compliance requirements.
The strategic alliance is anticipated to significantly enhance Moongipa’s digital lending capabilities and expand its customer base. By integrating advanced platform technology with proprietary internal controls, the company aims to improve overall operational efficiency while operating within the framework of applicable regulations issued by the Reserve Bank of India.
Stock Price Movement
Moongipa Capital Finance Ltd closed Friday with shares gaining 2.67%, settling at ₹16.94. The stock traded within a narrow intraday range, moving between a low of ₹16.94 and a 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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