Kotak Mahindra Bank Ltd.

BSE: 500247 | NSE: KOTAKBANK
Large Cap | Bank - Private
2166.30
4.45 (0.21%)
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Kotak Mahindra Bank partners with actyv.ai to provide dealer finance

Date: 29-11-2022

Kotak Mahindra Bank (KMBL) has partnered with actyv.ai to provide finance to dealers onboarded on actyv.ai, an AI-powered enterprise SaaS platform. KMBL will provide short-term finance under the ‘Buy Now, Pay Later’ category for working capital needs of dealers.

Kotak is committed to empowering small-and medium-scale business owners by helping them address their credit requirements. Partnership with a technology platform like actyv.ai helps the bank ease supply chain bottlenecks for businesses with technological advancements.

Additionally, it would benefit business owners across the B2B value chain with smooth, quick and safe funding options on attractive interest rates, and help them meet cash flow requirements for their businesses.

Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.