media release
Kotak Mahindra Bank Partners with actyv.ai to Offer Dealer Financing
Mumbai, 28 years oldday November 2022: Kotak Mahindra Bank Limited (“KMBL” https://news.google.com/ “Kotak”) announced today that it will provide financing to resellers who join actyv.ai, an artificial intelligence-driven enterprise SaaS platform. KMBL will provide short-term financing under the “buy now pay later” category to meet the dealer’s working capital needs.
Sunil Daga, President and Head of Commercial Banking Assets, Kotak Mahindra Bank, said, “Small business owners often face insufficient daily capital needs. Kotak is committed to empowering SME owners by helping them address their credit needs. With technology such as actyv.ai The cooperation of the platform helps us to alleviate supply chain bottlenecks for businesses through technological advancements. Moreover, it will benefit business owners across the B2B value chain by getting smooth, fast and secure financing options at attractive rates and helping them Meet the cash flow requirements of their business*.
Raghu Subramanian, Founder and Global CEO of actyv.ai said: “Technology plays a key role in driving operational efficiency and business growth. As a category creator, actyv.ai’s AI SaaS platform and its embedded Its partner ecosystem. Our partnership with Kotak Mahindra Bank to expand and simplify access is truly transformative and innovative.”
*Terms and conditions apply
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About Kotak Mahindra Bank Limited
Established in 1985, Kotak Mahindra Group is one of India’s leading financial services groups. In February 2003, the group’s flagship company, Kotak Mahindra Finance Ltd. (KMFL), obtained a banking license issued by the Reserve Bank of India (RBI), becoming India’s first non-bank financial company transformed into a bank – Kotak Mahindra Bank Co., Ltd.
The bank has four strategic business segments – Personal Banking, Corporate Banking, Commercial Banking and Treasury, serving retail and corporate clients in urban and rural India. The premise of the Kotak Mahindra Group business model is India concentrated, financial services diversified. The bold vision emphasizing growth for the Group is an inclusive one, offering a range of products and services designed to meet the needs of the unbanked and underbanked. From the 30thday September 2022,
Kotak Mahindra Bank Ltd has 1,710 branches and 2,802 ATMs nationwide, with branches in GIFT City and DIFC (Dubai).
For more information, please visit the company website at https://www.kotak.com/.
For more information, please contact:
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Revathi Pandit |
saxey dennis |
Rakesh Sharma |
Diparmenon |
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Kotak Mahindra Bank |
Kotak Mahindra Bank |
Fortuna PR |
Fortuna PR |
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Mobile: +91 98202 37909 |
Mobile: +91 70454 74287 |
Mobile: +91 98335 37679 |
Mobile: +91 98676 84883 |
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About actyv.ai
actyv.ai is an AI-powered enterprise SaaS platform with embedded B2B Buy Now Pay Later (BNPL) and insurance, transforming global B2B supply chains by making business transactions faster and easier. Through partnerships with financial institutions, actyv.ai enables businesses, suppliers, distributors and retailers to grow. actyv Go, actyv Score, actyv PayLater, actyv Insure, actyv Invest, and actyv Discover are the various product categories on the platform.
For more information, please visit: https://actyv.ai/
media contact
For actyv.ai:
Deepanshu Shukla +9188888 87892, [email protected]
Shree Singh +9192051 58829, [email protected]