DIGIALLY BUSINESS SOLUTIONS PRIVATE LIMITED

In their own words

MSMEs create huge impact on GDP and employment but unfortunately remain deprived of access to finance, as 5/6 MSMEs never get a fair chance to be get the funds. India has 63 million MSMEs and especially women MSME face huge discrimination. 90 % of Indian women MSMEs borrow from un- authorised sources. DigiAlly is a fintech passionate about enabling access to finance for MSMEs. We operate pan-India with special focus on real Bharat which resides in tier 3 to tier 6 cities. Our primary objective is to provide own identity to MSMEs, and help them get respect (and finance) they truly deserve from key stakeholders like banks, suppliers etc. DigiAlly operates as a Digital – Ally (companion) of MSMEs by being with them at each and every step. Our interaction with MSMEs starts by educating them, making them aware of the opportunity and giving them the true reflection of their capabilities by DigiAlly assessment and taking them to the bank for final disbursement of loan. We offer these services to MSMEs at no cost. In comparison to Credit score which doesn’t truly represent MSME potential, we create a Trust Score via MSME holistic health check and complete and end to end journey from MSME engagement to actual loan disbursement. We also help in their filing for banks and paperwork. We enable our solution by deep learning (AI) models powered by alternative data to predict authenticity, intent and eligibility of MSMEs. Our predictive models have shown very high accuracy as compared to the traditional assessment models and has helped financial institutions to improve their MSME portfolio. Our special agreement with lenders empowers us to establish a green channel for loan approval and disbursement. Through this green channel, we provide high approval rates, matched interest rates and super-fast processing. We would like to have this recognition to enable the MSMEs in India to get access to finance and contribute to India in becoming the leading nation in the world.

Written by the company on its public Startup India profile. Not verified by us.