SG Finserve partners with BharatPe Money and Succesship Technologies to scale digital credit access for merchants
SG Finserve Limited has launched a new digital lending solution aimed at expanding formal credit access for merchants by partnering with BharatPe Money and Succesship Technologies. This collaboration brings together industry expertise, technology, and distribution channels to provide eligible businesses with a seamless, fully digital, and paperless borrowing experience.The initiative involves SG Finserve (a Non-Banking Financial Company or NBFC), BharatPe Money (Resilient Digi Services Private Limited) as the Lending Service Provider (LSP), and Succesship Technologies Private Limited as the technology partner powering the entire digital lending journey. The partnership seeks to improve access to formal credit for merchants by delivering a solution built in accordance with the Reserve Bank of India's Digital Lending Guidelines, placing customer consent, transparency, and regulatory compliance at its core.
The digital lending solution enables businesses to apply for merchant loans through a simplified digital process that requires minimal documentation and offers faster approvals. By combining SG Finserve’s lending capabilities, BharatPe’s extensive merchant network, and Succesship's technology platform, the partnership is positioned to increase the availability of formal credit across the country.
Kartik Bakshi, Chief Business Officer for Merchant Lending at BharatPe Money, highlighted the significance of this market gap, stating that India hosts over 6 crore MSMEs, a large majority of whom are merchants facing challenges in accessing timely and formal credit. He added that their partnership with SG Finserve aims to bridge this gap by making credit simpler and more accessible through technology.
Anand Rastogi, Founder of Succesship Technologies, noted that the company’s technology stack enables financial institutions to deliver digital lending securely and efficiently at scale. He expressed pride in supporting SG Finserve’s offering by providing a robust platform that accelerates loan processing and simplifies customer onboarding for enhanced operational efficiency.
Vinay Gupta, CEO of SG Finserve, described the product launch as a reflection of the company's commitment to responsible innovation and financial inclusion. He stated that empowering micro and small merchants through supply chain finance and digital solutions is central to SG Finserve’s mission, offering a seamless borrowing experience in collaboration with BharatPe and Succesship.
About the Partners
SG Finserve: As a digital-first, RBI-registered NBFC, SG Finserve provides innovative, technology-driven business financing solutions focused on India's MSME ecosystem and Supply Chain Finance.
BharatPe Money: This leading LSP leverages BharatPe’s merchant ecosystem and digital platform to facilitate seamless, transparent, and responsible credit journeys for consumers and merchants in line with RBI guidelines.
Succesship Technologies: Succesship is an enterprise fintech platform that automates various processes across lending institutions, offering a comprehensive technology stack for digital lending infrastructure including LOS (Loan Origination System), LMS (Loan Management System), and AI-driven invoice disbursement.
SGFIN Stock Price Movement
Shares of SG Finserve Limited slipped on Friday, shedding 2.38% and settling at ₹631.15 in market trading. The stock saw considerable activity, with a recorded traded volume totaling 294,638 shares.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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