Zaggle partners with EarlySalary to boost financial lending for corporates

By Leandra Monteiro

Zaggle has announced their partnership with EarlySalary, India’s largest consumer lending platform for working professionals. Teaming up with EarlySalary will enable Zaggle to offer affordable credit to more than 4500 corporates catering to over 5 million users which is an integral part of their network.

The digital lending space is booming in India. More than 80% of Indian millennials are planning on acquiring personal loans for manifold reasons. With the rapid adoption of digitization, the lending landscape in India has changed substantially, and thanks to the FinTech industry, India has seen a massive adoption in bringing flexibility and versatility to the younger audiences for lending.

With this association, Zaggle will expand their product line and offer affordable and instant lending solutions to their existing clientele. Additionally, this partnership will be beneficial to EarlySalary in terms of extending its financial wellness program by leveraging the large user base of Zaggle especially in the corporate and the enterprise segment.

EarlySalary is committed to providing a seamless customer experience by leveraging new-age technologies in the areas of data processing, AI/ML, and analytics for real-time analysis and decision making. EarlySalary aims to help millions of people lead a better life who want to achieve their financial freedom, meet any emergency needs and upgrade their lifestyles.

Commenting on the partnership, Raj N., Founder and Chairman of Zaggle said, “This partnership comes at an opportune time which is in line with achieving our vision of becoming a Global Digital Bank. Zaggle has a rich and wide array of product offerings for corporates, enterprises and SME’s and we want to transcend beyond our prepaid card solutions. Collaborating with EarlySalary is one such step forward in enabling us to extend our product offerings to not just personal loans and the lending space, but to other financial products such as insurance, credit, wealth management that will take the company into newer growth areas.”

Commenting on the association with Zaggle, Akshay Mehrotra, Co-founder and CEO, EarlySalary said, “We at EarlySalary aim to revolutionize credit access for salaried professionals. This partnership with Zaggle will overcome financial worries with special corporate benefits like medical loans, Salary Advances, easy repayment for a personal loan and will also reduce the stress of employees related to financial health and their productivity at the workplace and ensuring cash needs and productivity is elevated through our superior quality digital services.  We are constantly working towards bringing in innovative business solutions for a diverse set of corporate customers to make them an integral part of our strong network.”