Clix Capital, a digital lending platform, aims to raise about $ 5,000 million this financial year, more than double that of the 2020-21 epidemic epidemic with a strong focus on lending. NBFC in Gurugram has released Rs 2,220 crore for 2020-21 and Rs 4,000 crore for 2019-20.
Clix Capital founder Anil Chawla said the company continues to try to close the debt gap in unused and unsecured categories such as new borrowing clients and MSMEs. “To this end, we use cutting-edge technology and cutting-edge technology to drive lending models that respond to the needs of the end customers while greatly enhancing investment. The company will continue to grow strong credit-led growth, focusing on commercial lending,” he said while working with PTI.
He also said the lending platform is in a position to disburse even Rs 6,000 crore which maintains market conditions and if there is no further closure. Currently, Clix Capital is present in 11 cities in the country and is considering deep entry into these markets with a focus on digital lending. As the first digital company, a large portion of Clix’s products come in handy.
Chawla said the digital platform enables the organization to reach the scale with a small increase in staff, which helps achieve higher profits faster. But pedestrian businesses, such as the loan and equipment business, need more staff to start and write down, he said, adding that those businesses will see more employment during the expansion.
The NBFC said its strong focus on technology and strategic collaboration has helped increase and enhance the movement of four million customers over four years. This has been achieved by building a strong franchise for fast-growing businesses across all SME loans, consumer finances, loans and utility bills, Chawla said.
He also said that as COVID-19 beats the livelihoods of low-income people, small businesses have had a huge impact. “As bank and NBFC recruitment and debt recovery cycles are affected, crime rates have risen sharply. Lenders have tightened up registration procedures, citing uncertain economic conditions,” he added.
The biggest challenge is the increase in non-performing assets (NPAs) which affects the overall asset level, he said. With the alarming increase in restructured assets, based on the relief provided by government borrowers, there is a small line that separates deliberate failure and unpopularity, Chawla said. According to him, lenders like Clix with an oily set and high digital focus will be able to make a pivot and focus on changing customer needs quickly.
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The company expects to grow its sales business and reduce corporate exposure continuously by 2021-22.
