Credit Wise Capital (CWC), a leading non-banking financial company (NBFC) specializing in two-wheeler financing, and Muthoot Capital, a distinguished financial institution, have announced a co-lending partnership for a significant INR 400 crore investment agreement.
This strategic partnership aims to provide seamless financing solutions to customers purchasing two-wheelers across India in a digital manner through Twin2 – a proprietary product of CWC that ensures a hassle-free experience for the customers.
This partnership comes as a testament to Credit Wise Capital’s exceptional growth trajectory and its commitment to providing accessible financial solutions for individuals seeking to purchase two-wheelers.
The objective of the partnership is to combine Credit Wise Capital and Muthoot Capital’s individual strengths to deliver a smooth and effective lending process to customers purchasing two-wheelers across India. This partnership will also enhance Credit Wise Capital’s product offerings and expand its market reach and augment its operational capabilities.
Aalesh Avlani, Co-Founder, of Credit Wise Capital, expressed his excitement about the partnership, stating, “The two-wheeler market holds great untapped potential, and this partnership with Muthoot Capital is aimed to capitalize on that.Together, we will expand our customer base and offer enhanced financing solutions, along with a strong credit assessment framework and streamlined loan processing services”.
Mathews Markose, Chief Executive Officer, Muthoot Capital Services Ltd said, “Muthoot Capital is a diversified financial institution and recognizes the potential of the two-wheeler financing segment and has chosen to co-lend with Credit Wise Capital to capitalize on this opportunity. This strategic partnership showcases Muthoot Capital’s commitment to supporting the growth and development of innovative financial services in India”.
The partnership between Credit Wise Capital and Muthoot Capital marks a significant milestone for both organisations. They aim to transform the two-wheeler financing landscape, making it more accessible and efficient for customers across India.
