Kotak bank partners with actyv.ai to provide dealer finance

Kotak Mahindra Bank Limited (“KMBL”/”Kotak”) today announced that it will be providing finance to dealers onboarded on actyv.ai, an AI-powered enterprise SaaS platform. KMBL will provide short-term finance under the ‘Buy Now, Pay Later’ category for working capital needs of dealers.

Sunil Daga, President & Head – Business Banking Assets, Kotak Mahindra Bank said, “Small business owners often face a shortfall in their everyday capital requirements. Kotak is committed to empowering small-andmedium-scale business owners by helping them address their credit requirements. Partnership with a technology platform like actyv.ai helps us ease supply chain bottlenecks for businesses with technological advancements. Additionally, it would benefit business owners across the B2B value chain with smooth, quick and safe funding options on attractive interest rates, and help them meet cash flow requirements for their businesses.

Raghu Subramanian, Founder and Global CEO, actyv.ai said, “Technology plays a pivotal role in driving operational efficiency and growth of businesses. As a category creator, actyv.ai’s AI-powered SaaS platform with its embedded offerings, delivers significant value to the enterprises and their allied partner ecosystem. Our partnership with Kotak Mahindra Bank expands and simplifies access, which is truly transformative and innovative.”