Biz2X, a digital lending SaaS platform and a subsidiary of Biz2Credit, announced its partnership with TruBoard Partners, an asset performance management company, on the Maadhyam Platform. 

The integration of TruBoard's services into the Maadhyam digital platform aims to address the growing concern of Non-Performing Assets (NPAs) in retail and small business loans. This collaboration empowers Maadhyam clients to efficiently manage their portfolios, substantially reduce NPAs, and foster better financial inclusivity for SMEs.

The Biz2X Maadhyam platform, which offers SME loan sourcing and enablement as a service, has already garnered support from various SME lenders, including private banks, small finance banks, and NBFCs across India. With TruBoard's expertise, it will now offer ‘Collections as a Service’, providing lenders with a comprehensive solution to resolve the defaults effectively, all on a single platform.

Vineet Tyagi, Global CTO at Biz2X, commented, "With TruBoard's expertise, we aim to achieve a virtually zero NPA for the complete Maadhyam portfolio, transforming SME lending in India. This partnership holds great promise for our lenders and borrowers alike."

Kunal Shah, group CFO and MD for Retail Solutions at TruBoard Partners, added, "Our primary objective is to make a resounding impact in the retail and small business loans category by assisting lenders in their collections management process. We are excited about this venture with Biz2X Maadhyam and look forward to achieving our goals while fostering mutual growth."

Launched in June 2022, Maadhyam bridges lenders and borrowers, accelerating financial inclusion for SMEs in India. Through their aggregators and anchors, it fosters true partnerships between all stakeholders, enabling optimisation of working capital flows and cash flows, ultimately driving growth across the entire ecosystem.