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Akme Fintrade joins hands with MAS Financial Services for MSME co-lending
Update / Judgement Date
27 Sept 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Akme Fintrade, a non-banking financial company (NBFC), is expanding its semi-urban lending operations by offering vehicle financing solutions tailored to underserved communities. The company’s goal is to provide affordable credit to individuals and small businesses in these areas, helping them access vehicles that are essential for both personal and commercial use. This initiative reflects Akme Fintrade’s broader strategy to bridge the urban-rural credit gap by introducing customer-centric products. By focusing on semi-urban markets, the company aims to capitalize on the growing demand for financial services in smaller cities and towns, where traditional banking options may be limited. This expansion is part of a larger trend among NBFCs in India to tap into underserved markets with high growth potential.