Finway empowers young entrepreneurs with easy partnership opportunities
Finway, India’s leading non-bank finance company (NBFC) helps aspiring entrepreneurs achieve their business goals by becoming Finway’s distribution partner. Recently, for the convenience of agents associated with or wishing to become a Finway Loan Officer, the NBFC has launched Finway Loan Assist for Partners (FLAP) application which can be downloaded from Google Play and App Store. FLAP is also available on the web.
After registering with FLAP, agents can digitally process loans in four categories, including home loans, business loans, home loans, and personal loans within minutes. All application and verification information is provided to agents in real time. With every successful loan and disbursement process, agents earn between 0.50% and 3% per cent of the loan amount disbursed. The money is credited to the app wallet, which can then be transferred to his personal bank account. In addition, for gender equality, special programs and incentives are designed for women entrepreneurs.
The aim of FLAP is to consolidate the market, easily reach loan applicants and provide them with fast loan solutions in a transparent manner. As Finway serves everything from banks to private investors, borrowers can access Finway’s services through agents registered on the app. This instant in-app credit service is currently only available to agents working in the loan disbursement industry, but will soon be introduced to other financial products such as insurance, investment, cards credit, etc.
Another major goal of FLAP is to enable individuals, especially young people, to have opportunities to make their money grow. As the app has a simple interface and 24/7 customer support, anyone with basic financial knowledge can partner with Finway as a loan officer and start earning money. money. In addition, Finway offers online training to all agents to make them self-sufficient and owner of the client.
At the launch of FLAP, Rachit Chawla, Founder and CEO of Finway, said “Finway is committed to empowering Indians financially and helping them achieve their financial goals. To reach them, we need trustworthy faces that represent Finway and embody its values. With this app, we aim to strengthen our relationships with existing partners by providing them ease and convenience at work. In addition, we are targeting 1000 active partners across PAN-India by the end of 2020. Overall, FLAP creates a win-win situation for loan seekers and agents.“
Incorporated in January 2017, Finway is steadily experiencing 20% month-over-month growth with zero NPAs, which is another remarkable achievement for an NBFC startup in the current market scenario. Finway has forged links with more than 50 financial institutions in the country to provide its clients (individuals and startups) with a holistic range of services under a transparent operational mechanism involving cutting-edge digital technologies such as AI, ML, programmatic and various custom software. .
On the other hand, regarding the loan to startups and SMEs, Rachit said: “Capital is the fuel to run any business organization. But unfortunately, in India, most entrepreneurs do not have the funds to start their own business despite having good business acumen. With the sole motto of “empowering people financially” – that is, meeting people’s financial needs, on time and every time. We help these entrepreneurial minds raise sufficient funds and succeed in the industry through the immense creativity and talent they possess. “
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