Mumbai: Kotak Mahindra Bank has partnered with AI-powered enterprise SaaS platform actyv.ai to finance dealers.
Kotak Bank said on Monday that it will provide short finance to dealers onboarded on the actyv.ai platform under the ‘Buy Now, Pay Later’ (BNPL) category as working capital. The platform will enable the bank to transform its supply chains and help to serve the needs of dealers.
“Partnership with a technology platform like actyv.ai helps us ease supply chain bottlenecks for businesses with technological advancement,” said Sunil Daga, Kotak Mahindra Bank’s President and Head – Business Banking Assets.
“Additionally, it would benefit business owners across the B2B value chain with smooth, quick and safe funding options on attractive interest rates, and help them meet cash flow requirements for their businesses,” added Daga.
“Small business owners often face a shortfall in their everyday capital requirements. Kotak is committed to empowering small-and medium-scale business owners by helping them address their credit requirements,” informed Daga.
“Technology plays a pivotal role in driving operational efficiency and growth of businesses. As a category creator, actyv.ai’s AI-powered SaaS platform with its embedded offerings, delivers significant value to the enterprises and their allied partner ecosystem,” said Raghu Subramanian, Founder and Global CEO of actyv.ai
“Our partnership with Kotak Mahindra Bank expands and simplifies access, which is truly transformative and innovative,” added Subramanian.