IFC backed Global SME Forum awards U GRO Capital 'Financier of the Year for Asia (Silver)' in Cambodia


MUMBAI, India, Sept. 22, 2022 /PRNewswire/ — U GRO Capital was conferred with the silver award in the class of the ‘SME Financier of the Year – Asia entry’ at the coveted Global SME Finance Awards, 2022. The award ceremony was held as an element of the Global SME Finance Forum, organised between 19-21st September in Phnom Penh, Cambodia.

Organized by IFC, a member of the World Bank Group, and the SME Finance Forum, the Global SME Finance Awards, 2022, recognises monetary establishments and fintech firms for their excellent achievements in delivering distinctive services to their SME shoppers. Endorsed by the G20’s Global Partnership for Financial Inclusion (GPFI), the Global SME Finance Awards rejoice the excellent achievements of monetary establishments and fintech firms in delivering distinctive services to their SME shoppers.

Expressing happiness at the recognition, Mr Shachindra Nath, Vice Chairman and Managing Director, U GRO Capital Ltd., remarked, “We appreciate the recognition of our efforts in working towards our mission of ‘serving the underserved’ SME businesses. The digital depth of our foundation, our data-tech prowess combined with our sector specific strategy has helped us focus on growth drivers for our partners and support them. We have a massive task ahead of us and we are confident of leading the transformation we have set out to accomplish of serving the potential of the SME industry. We thank the jury for the encouragement.

The jury at the awards had been impressed with U GRO’s business mannequin – in specific, the focusing on of particular, SME-heavy sectors, somewhat than merely attempting to interact with SMEs in basic. U GRO has leveraged the mannequin to realize profitability and progress whereas conserving danger at a manageable stage. The jury felt that U GRO might be a big new participant in the SME lending area. The jury additionally took into consideration U GRO’s digitalisation journey and effectivity ranges. 

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U GRO’s submission, which acquired vital reward from the jury was one other issue in the software’s energy. The jury felt that the submission was detailed, considerate, and offered a wealth of supporting information. The jury was significantly impressed with the approach working information was offered in the submission. The award testifies to U GRO’s success, which is a end result of strong planning and focused advertising and marketing to eight particular sectors and micro enterprises.

About U GRO Capital Limited

U GRO Capital Limited is a Data Tech Lending platform, listed on NSE and BSE. Pursuing its mission of ‘Solving the Unsolved’ for small business credit score hole in India, on the again of its formidable distribution attain and its Data-tech method. (NSE: UGROCAP) (BSE: 511742).

The firm’s prowess of Data Analytics and powerful Technology structure permits for custom-made sourcing platforms for every sourcing channel. GRO Plus module has uberized intermediated sourcing, GRO Chain is a provide chain financing platform with automated end-to-end approval and movement of invoices, GRO Xstream is platform for co-lending, an upstream and downstream integration with fintechs and legal responsibility suppliers and GRO X is an software to ship embedded financing choice to MSMEs.

The credit score scoring mannequin, GRO Score (2.0), a statistical framework utilizing AI / ML pushed statistical mannequin to danger rank prospects is revolutionizing the MSME credit score by offering on-tap financing like client financing in India

U GRO has pioneered the ‘Lending-as-a-Service’ (LaaS) mannequin in India and has successfully operationalized Co-lending relationship with 10+ Large Public Sector Banks and enormous NBFCs and constructed a sizeable LaaS e-book of greater than 20% of its AUM via the GRO Xstream platform.

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The firm is backed by marquee Private Equity funds and household workplaces (raised INR 900+ Cr of fairness capital in 2018) and goals to seize 1% market share and cross INR 20,000 Cr of AUM by FY25.

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