Manappuram Finance unveils new digital lending app

Manappuram Finance, a Kerala-based company, has recently unveiled Ma-Money, a digital lending platform aimed at capitalizing on the burgeoning digital lending sector. The primary objective behind launching this app is to consolidate all the financial products offered by Manappuram Finance into a single platform, making it convenient for customers. The company, renowned for its expertise in digital gold loans, envisions that Ma-Money will enhance its digital business operations and enable it to reach a broader customer base, especially in tier 2 and tier 3 cities.

Ma-Money offers an extensive array of loans, encompassing personal loans, business loans, consumer durables loans, healthcare industry loans, food industry loans, small-scale industry loans, car loans, home repair loans, and more. V P Nandakumar, the Managing Director and CEO of Manappuram Finance, emphasized the company's commitment to leveraging technology to enhance customer experiences. The launch of Ma-Money is an integral part f Manappuram Finance's overarching strategy to expand its digital presence and offer customers innovative and user-friendly financial products.

With the introduction of the new app, customers can conveniently apply for loans, monitor their application status, and manage their accounts, all through their mobile devices. For customers residing in smaller cities and towns, Ma-Money represents a significant leap forward in terms of financial inclusion, granting them access to a broad spectrum of loans and financial products that were previously inaccessible.