Disclosure under Regulation 30 of the SEBI ( Listing Obligation and Disclosure Requirement) Regulations, 2015 regarding execution of strategic agreements for Digital Lending Operations
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Moongipa Capital Finance has signed strategic agreements with Codemodulu Financial Investment Services (MoneyAse) and Quess Corp Limited/BCPL to strengthen its digital lending business. Under the deal, MoneyAse will provide its digital platform for customer sourcing, digital onboarding and loan servicing support. All lending decisions, credit checks, approvals, pricing and disbursements will continue to be handled solely by Moongipa, keeping it RBI-compliant. Additionally, the tie-up will enable digital lending services for eligible employees of the Quess Group through a technology-enabled platform.
This is a positive development for shareholders as it should help Moongipa scale its digital lending reach and improve operational efficiency without diluting control over credit decisions. The partnership with Quess Corp, a large listed entity, brings a captive customer base, which could support loan book growth going forward.