November 30, 2022
- actyv.ai’s prominent alliance in the banking industry
- This partnership will offer digitally enabled Supply Chain Financing solutions to MSMEs
- Corporate Anchors can now leverage actyv.ai’s technology stack, onboard their distributors and dealers to avail Axis Bank’s digitally enabled Supply Chain Financing solutions
actyv.ai, an AI-powered Enterprise SaaS platform, today announced its partnership with Axis Bank, India’s third largest private sector bank to offer the Bank’s Supply Chain Finance solutions to MSME customers. This partnership will enable corporate anchors, downstream dealers, and trading partners to avail the Bank’s Supply Chain Finance solutions.
“Small and medium enterprises in India often face challenges in accessing sustainable credit. We at actvy.ai, in partnership with Axis Bank aim to leverage our technology prowess to reach MSME customers. We are certain that our digital platform, access to technology tools and affordable credit will help drive growth for this segment,” said Raghu Subramanian, Founder and Global CEO, actyv.ai.
Digital transformation is at the center of the supply chain ecosystem, with a clear focus on enabling technology, data-driven decision-making and enhanced customer experience. This collaboration between actyv.ai and Axis Bank will help in streamlining the financial needs of MSMEs and their traders.
Speaking on the partnership, Sumit Bali, Group Executive, Head of Retail Lending and Payments, Axis Bank said, “We firmly believe that the MSME sector will play an integral role in driving the country’s economic growth towards becoming a five trillion economy over the next few years. Our partnership with actyv.ai is yet another step in providing credit solutions to a wider base of MSME and contribute to growth in their businesses.’’