CASHe Alliance Limited, a joint venture between Social Loan Company (TSLC) and Alliance Holdings, will launch digital credit solution ‘CASHe’ in Bangladesh.
CASHe is an online credit solution platform which promises to deliver appropriate, affordable, accessible and differentiated financial solutions to middle-income consumers in the country, said a press release.
Unlike anything in the past, the AI/ML-driven platform will instantly allow lenders to disburse short-term personal loans from Tk 15,000 to Tk 50,000 with an initial credit period ranging from 2 to 12 months, making it the most accessible app-based credit lending platform in the country.
Commenting on the joint venture, Deepak Saluja, Co-Founder and Group CEO, TSLC said, “TSLC was founded with the aim of empowering millions of young salaried digital natives and millennials who were overlooked by conventional banks and financial institutions.”
Jowher Rizvi, Chairman of Alliance Holdings and CASHe Alliance said, “We are delighted with our transformational partnership with TSLC. Together with TSLC we will build a unique financial wellness platform that will help unlock opportunities and empower moderate-income communities on their journey to financial security and independence.”
The Social Loan Company (TSLC) is an AI-powered credit-led full-stack Neo bank on a global mission to expand credit access by simplifying loans and providing hyper-personalized and affordable financial solutions to underserved mainstream consumers in core emerging and frontier markets across the world.