India has no shortage of bank balance sheets, large corporate relationships or fintechs reaching small businesses. Yet bringing those ingredients together to provide working capital efficiently to millions of SMEs has remained difficult.
PSB Alliance and Veefin are attempting to change that equation with PSB Xchange, a lender-neutral financing marketplace designed to connect banks with corporate, SME and fintech ecosystems through common infrastructure. What distinguishes the partnership is that it addresses not simply a technology problem but a structural one: how to connect lenders, corporates and the platforms originating financing demand without requiring every participant to integrate separately with every other participant.
The opportunity is considerable.
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