aagey.com: Serving the Financial Needs of MSMEs
The Indian fintech market is expected to reach USD 2.4 billion this year. Increasing customer expectation, e-commerce and smart-phone penetration are the major drivers of growth for the market. However, instead of digitalization, digital penetration remains the major challenge faced by the fintech companies across the country. Another challenge related to the fintech market is that financial services are not assembled on a single platform which could serve all the services to the clients on a platter which is available at a single place.aagey.com came into existence with the vision of empowering Micro, Small and Medium Enterprises and enables them to make an informed choice while availing debt for their needs like expansion of business, up-gradation of facilities, adding machinery to the business or ensuring the right structure of existing credit line which is one of the most important parameter of any business. aagey.com offers a complete suite of fintech services which can be leveraged by its client on a single platform. The company is mostly focussed on MSMEs and works with 75+lenders. It offers more than 1000 unique schemes to the MSMEs to fulfil their debt requirements. aagey.com takes pride in the socio cause of empowering MSME that it is engaged in and does not charge a fee for the services rendered from its clients.
Empowering MSMEs
As MSMEs need the right structure of credit to sustain themselves, aagey.com provides multiple debt opportunities to them. It provides Business Loan, Mortgage Loan, Working Capital facilities; Vehicle Loan; Green Field/ Brown Field and Real Estate Project Finance and Home Loan offering these under multiple different schemes. aagey.com captures around 5,000 to 6,000 data points from different financial documents submitted by the client like a bank statement, Income Tax return, GST return and credit reports; derives around 150 unique credit ratios and a serviceability scorecard. aagey.com has built a platform according to today’s digital atmosphere which can give clients digital experience of testing all offerings that are available to them. Using Artificial Intelligence
and Machine Learning their proprietary platform helps fit the best scheme across products offered by their integrated 75+ lenders to the client on their need for credit by just entering their financial details. Clients can choose the best option basis for the fitments. All these 75+ lenders offer multiple secured, unsecured, quasi secured loans to the MSMEs through the platform. aagey.com has researched thoroughly each one of the product and has built an algorithm for its different schemes available in each product which ensures that clients get the best fitment. Apart from product integration, it also can extract financial statement, bank statement, bureau report, KYC and GST return of the client digitally with due authorization from the client that ensures complete authentication of the documents.
“At aagey.com we support our partners to set up their business and do our bit to ensure their entrepreneur dreams are fulfilled by setting up their offices and supporting them with technology which gives them the immediate of the result of the business conversion,” says Akaash Shankar, Co-Founder & CEO, aagey.com. In the last 3 years, aagey.com has assessed more than 10,000 business entities and changed the life of 4,500 MSMEs and families associated with them with the disbursement of Rs 1,200 Crores of loans.
“Currently, our portal uses alpha version and we are developing the beta version. In reference to geography, we currently operate in Karnataka, Kerala and parts of Tamil Nadu and Maharashtra. We have a vision of extent our operations in the entire of Tamil Nadu, Maharashtra and Goa. In the next 18 months we want to onboard 10,000 more MSMEs with overall disbursement of 2500Crs,” concludes Akaash.
aagey.com has 350+ strong well trained business partner network which enables/assists the MSME wanting to get onto the platform ensuring digitization reaching out to the ground and familiarizing the MSME with Digital India
“At aagey.com we support our partners to set up their business and do our bit to ensure their entrepreneur dreams are fulfilled by setting up their offices and supporting them with technology which gives them the immediate of the result of the business conversion,” says Akaash Shankar, Co-Founder & CEO, aagey.com. In the last 3 years, aagey.com has assessed more than 10,000 business entities and changed the life of 4,500 MSMEs and families associated with them with the disbursement of Rs 1,200 Crores of loans.
“Currently, our portal uses alpha version and we are developing the beta version. In reference to geography, we currently operate in Karnataka, Kerala and parts of Tamil Nadu and Maharashtra. We have a vision of extent our operations in the entire of Tamil Nadu, Maharashtra and Goa. In the next 18 months we want to onboard 10,000 more MSMEs with overall disbursement of 2500Crs,” concludes Akaash.
