IDFC Bank has partnered with digital lending platform 'Capital Float', a Bengaluru-based firm, to offer credit to small businesses. As a partner, Capital Float will provide IDFC Bank access to its digital network of borrowers for small-ticket loans.
The partnership aims to bring in small businesses as customers, especially the ones without existing credit history, with limited or no documentation.
IDFC Bank --a subsidiary of India’s leading integrated infrastructure finance company. IDFC has successfully implemented Intellect Design Arena’s Global Transaction Banking (IGTB) solution suite. This combined digital solution by the company will play a key role in IDFC Bank's growth plans, as it seeks to introduce a differentiated form of banking.
