SME businesses are the backbone of our economy as they play a critical role in providing large employment opportunities and contribute enormously to the socio-economic development of the country. The informal sector lacks account-hygiene, thereby depriving them of first-stage-capital, and borrowing opportunities from mainstream banking, thereby impacting their growth.
SMEIntellect has a team of SME Experts who have more than 2 decades of experience, having worked in diverse geographies in India, handling this segment in detail, thereby bringing in collective Intellect to bridge this funding gap and promote small business entrepreneurs and professionals.
Despite liberalisation, globalisation, and great technological strides taken by India over the last few decades in the domain of financial services, a significant portion of our country is still un-banked / under-banked. Financial needs of these locations is not being properly addressed by majority of the financial institutions. SMEIntellect will deliver financing solutions to those who need it the most, the lower income and middle-income groups of the society, spread across urban, semi urban and rural areas, and primarily the informal sector, and the Micro, Small & Medium Enterprises (MSME).
To address this segment with better focus, we had compartmentalised the segment into “Small Business Entrepreneurs”, “Small Business Professionals”, and “Small Service Executives”. We intend to reach out to them both organically as well as through B2B2C+ linkages with large Business Houses. Our client segments are majorly promoter-driven, comprising of Small Shop Owners viz. Grocery Shop, Vegetable Shops, Flower Vendors, Saloons, Tailors, Carpenters, Contractors, Technicians, and small clinics and scan centres.
Our primary approach would be brick and mortar model (touch and feel approach), as all our business owners are decision-makers. This will enable to reach our services to them seamlessly and position our brand to them in the right perspective. Our financial solutions are backed by technology, involving analytics, and access to finance at high-speed using latest technology solutions and with simplistic minimal documentation process, with highest compliance standards and transparency. The Company has followed customised and comprehensive Phygital technology tools based on big data analysis, which facilitates us to evaluate borrower’s credit worthiness rapidly & accurately using advanced risk management practices.
