27/03/2023
Stellapps Fintech service, mooPay, partners with Avanti Finance to drive financial inclusion!
This strategic partnership with Avanti will help mooPay further drive financial inclusion in rural India and fulfill the working capital requirement of dairy farmers. Dairy farmers can use mooPay to purchase new cattle, maintain the existing cattle and invest in various farm improvements to enhance productivity and their income.
Speaking about this collaboration, Rahul Gupta, CEO, Avanti - Financial Inclusion For 100 Million said, “The partnership with Stellapps is an exciting one and another step for Avanti to promote financial inclusion and the economic empowerment of farmers. This partnership will help focus on the growing and underserved area of dairy farming. We are encouraged with the success of the pilot wherein we have disbursed over four thousand and five hundred loans in a paperless & cashless model in remote villages across India. and served the farmers on site. The program will be scaled up significantly in the upcoming financial year and we look forward to co-creating more products.”
"At mooPay, we are reimagining financial services for rural India with an aim to provide access to tailored financial services to farmers and help them improve their income from dairy farming. We are very happy to partner with Avanti to accelerate our vision of creating a rural neobank and reaching a million farmers by next year. mooPay plans to take its financial inclusion program from 2500 to 10,000 villages by this year's end", said Rahul Mallick, CEO, mooPay (Stellapps).