back Back

Dvara E-Registry and Monexo Fintech announce new partnership

By Leandra Monteiro

January 05, 2022

  • Agricultural Finance
  • Digital Lending
  • Dvara E-Registry

Dvara E-RegistryDvara E-Registry has announced a new partnership with RBI licensed peer to peer digital lending marketplace Monexo Fintech Pvt Ltd. Through this partnership, Monexo and Dvara E-Registry will provide loans to farmers in Jajpur, Dasarthpur and Korai Blocks of Odisha.

As part of this partnership, Dvara E-Registry will lend its services as a Business Correspondent to Monexo, including identifying creditworthy farmers and covering the sanction, disbursal, and collection of short-term agricultural loans to smallholders in the identified regions of Odisha. This partnership will especially benefit New to Credit Farmers in the region who have been relying on informal sources of credit. These farmers will be identified through the Farmer Producer Organisations (FPOs) that Dvara E-Registry engages through Doordrishti.

Doordrishti, a mobile and web-based platform developed by Dvara E-Registry, allows farmers, FPOs and partner institutions to leverage traditional and alternative data to digitise farmer and FPO lands, business activity and provide them farm and crop-specific products and services. KhetScore, an AI-based farm score developed by Dvara E-Registry, leverages remotely sensed data from several satellites and enables remote multi-dimensional assessment of both historical and concurrent agricultural activity.

Speaking about the partnership, Sanjay Mansabdar, Founder and CEO of Dvara E-Registry said, “We are very excited to partner with Monexo to be able to bring agricultural finance opportunities to high-net-worth individuals. By leveraging the Doordrishti platform and KhetScore, our advanced remote sensing data based underwriting technology, we are taking significant strides towards mainstreaming agricultural finance, which we believe is a key driver of growth for smallholder farmers.”

Mukesh Bubna, CEO of Monexo Fintech Private Ltd said, “India is primarily an agriculture-based economy, so this partnership has helped Monexo build a very healthy and diverse asset class for lenders on our marketplace. Monexo wants to channel urban money flow into the rural markets. This is a win-win for customers on our platform keen to create a social impact while earning high returns and for borrowers who need money during critical periods of their crop lifecycle. The technology-driven outreach in this segment by Dvara E-Registry is creating a long-term positive impact in the rural market, and we are very happy to be a part of this journey.”

Previous Article

January 05, 2022

CU of Georgia chooses Scienaptic for its AI-Powered credit decisioning

Read More
Next Article

January 05, 2022

Phoebus Software Limited (PSL) signs a servicing contract with Lendco

Read More

IBSi Daily News Analysis

September 28, 2023

Agricultural Finance

What CBDCs mean for private sector banks and financial inclusion

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


5 FinTechs modernising Supply Chain Financing in India

Read More

September 27, 2023

Poonawalla Fincorp & IndusInd Bank launch co-branded credit card

Read More

September 26, 2023

SME Finance and Okredo partner on open data financing solution

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023