Manappuram Finance Limited has launched a digital lending app Ma-Money.
Manappuram is a gold loan platform in India. The company went public in August 1995, and its shares are listed on the stock exchanges of Mumbai, Chennai, and Kochi.
The new digital lending platform is sai to offer all of the financial products currently offered by Manappuram and the company expects to scale its business by providing a digital lending option.
Ma-Money offers various loans, including personal loans, business loans, consumer durables loans, loans for the healthcare industry, food industry, small-scale industries, school finance to improve infrastructure, car loans, home repair loans, and farm equipment loans, among others.
CEO and Managing Director of Manappuram V P Nandakumar, said they want to serve customers with busy lives that want a quick and easy way to access the financial products they need.
“With Ma-Money, they can do just that, no matter where they are or what time it is. We are always at the forefront in embracing technology to make life easier for our customers.”
Ma-Money is described as part of Manappuram Finance’s broader strategy to expand its digital footprint and provide customers with innovative and convenient financial products. Ma-Money is said to be a significant step forward in terms of financial inclusion, providing access to a wide range of loans and financial products that were previously unavailable to them.