Autonom8 teams up with Tezz Capital to revolutionise MSME loans

Chennai-based startup Autonom8 has formed a strategic partnership with Tezz Capital to enhance the micro, small, and medium enterprises (MSME) loan approval process. This collaboration, heralded as a major advancement for Tezz Capital, aims to provide faster, more efficient, and data-driven business loan solutions through the implementation of cutting-edge technology.

Tezz Capital, a prominent provider of business loans, is set to utilise Autonom8's GenAI-enabled low-code hyperautomation platform, known as A8Studio v3.0. This platform is designed to automate various manual tasks associated with the loan application process, including data verification and document review. The automation is expected to considerably reduce loan processing times, allowing Tezz Capital to approve loans more swiftly.

The collaboration is also anticipated to enhance the overall customer experience for business owners seeking loans. The streamlined process facilitated by Autonom8's technology will provide a more efficient and hassle-free experience. Additionally, Autonom8's A8iQ analytics will offer Tezz Capital valuable insights into the loan application process. This data-driven approach will enable Tezz Capital to identify opportunities for improvement, optimise lending strategies, and maintain a competitive edge in the market.

Shaili Kajaria, Co-Founder of Tezz Capital, said, "We are excited to partner with Autonom8 to transform the business loan experience for our customers. This partnership will allow us to provide faster approvals, a more streamlined process, and, ultimately, empower businesses to achieve their goals."

Tezz Capital, led by founders Shaili Kajaria and Vivek Raghavan, operates in 20 cities across India and has a team of over 100 employees dedicated to fostering MSME growth nationwide. Previously, both Kajaria and Raghavan were instrumental in the success of KapitalTech, a platform that disbursed Rs. 2200 crores. Building on this experience, Tezz Capital continues to prioritise innovation, speed, and risk management to meet the evolving needs of MSMEs and lenders.

Autonom8 is renowned for its hyperautomation solutions powered by low code. The integration of Gen AI technology into its platform signifies a pivotal development in the realm of hyperautomation, setting new benchmarks for speed, cost efficiency, and agility. By partnering with Tezz Capital, Autonom8 aims to revolutionise the loan approval process and deliver substantial value to the business financing sector.