Online PSB Loans Raises Rs. 50 Crore from HDFC Holdings Ltd and TransUnion

Strategic minority investment will help facilitate MSME & retail financing through best-in-class analytical capabilities, solutions and tech platforms

Mumbai, December 12, 2021 Online PSB Loans Limited (“OPL”), a leading online lending platform in India, today announced it has raised INR Rs. 50 crore in its latest round of funding led by TransUnion (NYSE: TRU) and HDFC Holdings Ltd., a wholly owned subsidiary of HDFC Ltd. The investment will see both TransUnion and HDFC take strategic minority holdings in OPL.

OPL is an online lending platform that enables borrowers—primarily Micro, Small and Medium Enterprises (MSMEs) and individuals—to apply for a loan online and receive in-principle approval in 59 minutes or less from leading banks and credit institutions. Since its founding, OPL has established itself as one of India’s leading online commercial lending platforms, meeting the needs of a quickly evolving lending ecosystem. Today, OPL has an established online marketplace ( and also provides lending solutions to leading banks and financial institutions.

“We are thrilled to join forces with partners who share our vision of advancing social and economic development. When we can bring more opportunity to India’s small and medium-sized businesses and individuals through improved borrowing practices, the possibilities are endless,” said Jinand Shah, MD & CEO, Online PSB Loans. “Together with TransUnion and HDFC, we will expand access to lending services and improve analytical capabilities for our customers,” said Ronak Shah, Co-founder & COO, Online PSB Loans.

“The MSME sector forms the backbone of India’s economic growth. Insights show that only about one-third of MSMEs in India are served through the formal credit ecosystem, indicating the opportunities for increasing credit penetration in the MSME segment. TransUnion is committed to supporting banks and credit institutions in sustainable growth of their MSME portfolios while improving reach and driving access to finance for MSMEs.” said Rajesh Kumar, Managing Director & CEO, TransUnion CIBIL, a TransUnion Group company. “OPL’s convenient, easy-to-use technology will allow TransUnion to better serve clients in India and furthers its commitment to small businesses as critical drivers of global economic recovery.”

TransUnion has always helped its customers thrive through solutions that deliver faster, more secure access to credit and other services. The partnership with OPL will enable TransUnion to play a larger role in expanding India’s digital lending ecosystem, widening the distribution of TransUnion solutions and services to the MSME market which comprises over 63 million enterprises. In 2020, the segment played a significant role in the national economy as the largest employment generator, adding 110 million jobs and contributing to approximately 29%[1] of India’s GDP. In addition, TransUnion will leverage its best-in-class analytical capabilities to build products and services that enhance the OPL platform and enable more accurate decision making by lenders.

Ms. Renu Sud Karnad, Managing Director – HDFC Ltd said: “We are delighted to partner with OPL. The team has developed a quick and efficient platform, digitizing loan appraisal processes. This breakthrough innovation for the MSME sector will benefit all stakeholders. The MSME sector is a major contributor to the socio-economic development of the country. Digitization of the lending process will improve customer experience and help in significant cost and time savings. This is the preferred medium of credit delivery to customers, as has been our experience as over 89% of new home loan applications are received through digital channels.”

Through the partnership, all three companies will combine their unique strengths and capabilities across data, technology and analytics to explore the development of new products and solutions, which will transform the lending landscape in the country.

About OPL

Online PSB Loans Limited (“OPL”) is an online lending platform that enables borrowers to apply for a loan and receive in-principle approval in 59 minutes or less from leading banks and credit institutions. OPL’s contactless business loans range in value from INR 10,000 up to INR 5 crore, with some of the lowest interest rates available. OPL’s lending solution uses advanced algorithms to analyze data across a range of sources, including IT returns, GST, bank statements, bureaus, fraud checks, and MCA.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good®.

A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences, and personal empowerment for hundreds of millions of people.

About HDFC Ltd.

HDFC Ltd is India’s leading mortgage lender and a well-established financial conglomerate. It has assisted over 88 lacs customers in acquiring their own home over the last 4 decades. With a wide network of 616 offices, it caters to several towns and cities across India. HDFC Ltd has offices in London, Dubai, Singapore and service associates in the Middle East to assist non-resident Indians and PIO’s.

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[1] MSME Annual Report 2018-19 by Ministry of Micro, Small and Medium Enterprises