Vivifi achieves Rs 100 crores milestone

Hyderabad: Vivifi India Finance Private Limited (Vivifi), a city-based non-banking finance company on Monday said it disbursed Rs 100-crore credit through 'FlexSalary', its flagship lending product.

FlexSalary is an online unsecured personal emergency line of credit loan product for salaried individuals. The fintech startup said that in less than two years of operations, it has approved more than 35,000 loans with a total loan book of Rs 100 crore.

"Vivifi is excited on achieving this milestone. The app has crossed over five lakh downloads. This product has resonated well with salaried individuals facing an immediate cash need.

It was designed to be customer-centric, which has helped in anticipating the customers' needs," said the CEO of Vivifi India, Anil Pinapala.