Credit Wise Capital (CWC) and Muthoot Capital have recently announced a co-lending partnership worth ₹400 crore to digitize two-wheeler financing. The collaboration aims to leverage Twin2, a proprietary product of CWC, to revolutionize the two-wheeler financing landscape.
Aalesh Avlani, Co-Founder of Credit Wise Capital, expressed optimism about the untapped potential of the two-wheeler market and highlighted the partnership with Muthoot Capital as an opportunity to capitalize on this potential. Avlani stated, “Together, we will expand our customer base and offer enhanced financing solutions, along with a strong credit assessment framework and streamlined loan processing services.”
Gurpreet Singh Sodhi, Co-Founder of Credit Wise Capital, emphasized their commitment to providing affordable and convenient financing solutions for individuals seeking two-wheeler loans. Sodhi believes that the co-lending partnership with Muthoot Capital will enable them to reach a wider customer network in smaller towns across India.
Mathews Markose, Chief Executive Officer of Muthoot Capital Services Ltd, highlighted the company’s dedication to supporting the growth and development of innovative financial services in India. Additionally, Muthoot Capital utilizes the extensive branch network of its flagship company, Muthoot FinCorp, to offer two-wheeler products nationwide.
The partnership between Credit Wise Capital and Muthoot Capital signifies a collaborative effort to digitize and streamline two-wheeler financing, catering to the growing demand in the market. With their combined expertise and resources, they aim to provide comprehensive and accessible financing solutions to customers, contributing to the overall development of the sector.
