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Rs 50 crore committed towards the programme


The partnership will facilitate MSMEs gain access to working capital for their business growth.


NFA Post, Mumbai: ZipLoan, an RBI registered FinTech leader in India said it has tied up with U GRO Capital limited, a listed, MSME lending fintech platform. 

ZipLoan said U GRO Capital has come on board with them on their co–lending marketplace GRO X – Stream and have committed Rs.50 crore towards the program.

The FinTech company said this co-lending partnership will strengthen its mission to be able to meet the working capital requirements of MSME and deepen their presence in this sector.

ZipLoan said it will be sourcing, underwriting and disbursing managing the portfolio of MSME loans. The partnership is also in sync with ZipLoan’s long-term growth strategy of strengthening its foothold in India’s growing FinTech markets by bolstering its leadership ranks.

U GRO Capital, has consistently been building an ecosystem of FinTech players who can benefit from its API driven technology and data driven underwriting

Ziploan Co-Founder and CEO Kshitij Puri said the company is excited to partner with UGRO to help provide the much-needed credit to the MSME eco-system.

“These businesses are the backbone of the Indian economy and need capital as they bounce back post Covid. We believe next 3-4 years will see a rapid growth in the MSME segment and we intend using a digital first approach to address their needs,” said Kshitij Puri


U GRO Capital Limited Executive Chairman & Managing Director Shachindra Nath said the company is pleased to on board Zip Loan on GRO – Xstream platform of U GRO. GRO – Xstream means GRO Accelerator which is emerging a preeminent platform to provide capital to serve the underserved MSME market.

“We believe that over period of time large lending institution can also benefit with our technology integration with these platforms and provide more capital to each of our partner on the platform,” said Shachindra Nath


ZipLoan was founded in 2016 with a mission to ensure easy availability of working capital loans to small business owners in India. Its technology-enabled platform is well equipped to offer credit in a fast and hassle-free manner.

Through ZipLoan’s proprietary risk assessment also called ‘ZipScore’, the FinTech platform is able to provide business loans of up to Rs 7.5 lakhs in the fastest turnaround times possible, while maintaining favorable unit economics. ZipLoan has disbursed Rs 450 crore of business loans to over 11,000 customers to date.

ZipLoan is currently operational in 5 Indian cities and has raised over $20 million in equity from some of India’s top VC Investors such as Elevation Partners and Matrix Partners. The company is headquartered in Delhi, with offices in Mumbai, Jaipur, Lucknow, and Indore. ZipLoan has adopted a digital first approach to address the funding needs of small businesses.

U GRO Capital limited is a listed (NSE, BSE), MSME lending fintech platform. U GRO Capital’s mission is to ‘Solve the Unsolved’ – Small Business Credit Need with its omnichannel distribution model combining physical and digital journey of the customer.

The company uses the emerging Data Tripod of GST, Banking and Bureau coupled with its sectoral analysis to solve the problem of credit for small businesses.

U GRO aspires to serve one million small businesses with an asset book of 1% of outstanding MSME credit of India as its first milestone.

The company has raised about Rs 2500 crore of equity & debt capital from marquee Private Equity Investors, Family Offices, Banks and other Financial Institution over the last 3 years.


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