Kreon Financial Services has been actively disbursing loans during the lockdown period with a measured approach, disbursing Rs 20 million worth loans to college students through its financial inclusion app, StuCred. Over 6,000 students from all corners of India have taken over 10,000 nos. of loans during this time. The company is focused on serving its existing customer base, while selectively adding new users to the platform to ensure a positive momentum. Existing users have required the credit facility extensively over this period - for emergency travel, food, medicines and treatments and to help with family expenses.
During this period, StuCred has partnered with Paytm as a trusted merchant lender. With this integration, StuCred has made it possible for consumers to make their StuCred repayments directly from the Paytm app. The availability of this option has increased the repayment options for consumers, thereby helping them with easier repayments during this time as well as building StuCred’s brand credibility in the ecosystem.
Kreon Financial Services is engaged in the business of hire purchase financing services.
