Volt Money is delighted to announce its strategic partnership with PhonePe, India's leading digital fintech company. With this partnership, PhonePe users can now enjoy 100% digital, instant and low interest loans against their mutual funds, all while their investments continue to compound and allow them to meet their long-term financial goals.
Loans against mutual funds are rapidly gaining popularity as a cost-effective alternative to expensive personal and business loans, by offering interest rates that are near to home loans. In response to this rising demand for instant, low-interest loans, Volt Money and PhonePe have formed a strategic partnership to offer these benefits to PhonePe's large 535 million+ user base with just a few taps on their smartphones.
This partnership will further integrate Volt Money's seamless loan offerings into the PhonePe mobile app, providing users with 100% digital access to loans against their mutual fund investments.
Volt Money was first to launch fully digital loans against mutual funds in India. Investors can quickly access cash from ₹25,000 to ₹5 Crore in just 15 minutes.
Volt Money is also enabling various other B2B partners in the fintech space to offer loan against mutual funds to their customers. Their advanced tech platform provides both plug-and-play and deep integration capabilities, enabling seamless embedded finance for its partners.
Bharat Lamba, Co-Founder & Chief Business Officer of Volt Money, expressed his enthusiasm for the partnership, stating, "We are thrilled to partner with PhonePe to provide affordable loans against mutual funds to millions across India. Over the past year, our distribution capacity has grown rapidly & we are now live with 10+ fintech partners. Our B2B vertical helps our partners to offer loans against mutual funds to their clients, digitizing the entire process and offering an instant, superior borrowing experience without needing to build a tech stack from scratch.”
Speaking of the partnership, Hemant Gala, CEO, PhonePe Lending said, "We are excited to partner with Volt Money to offer Loans against Mutual Funds through our newly launched Secured lending platform. India’s Mutual Fund industry is booming, with 45 million unique Mutual Funds investors, and individual investors assets over ₹34 trillion. This collaboration leverages PhonePe’s massive 535 million+ user base with Volt Money's expertise in Mutual Fund loans, and helps us empower our users with convenient access to secured lending solutions directly within the PhonePe app"
This partnership between Volt Money and PhonePe represents a significant step forward in making financial services more accessible and inclusive. As both organizations continue to innovate and collaborate, they are set to reshape the borrowing landscape in India by providing more affordable, convenient, and empowering financial solutions.
