OTO Partners With Suryoday Bank For Two-Wheeler Financing

Mobility Outlook Bureau
18 Sep 2023
02:46 PM
1 Min Read

Targeting to disburse over INR 1,000 crore through the Financial Year 2024, OTO will be able to enable more than 75000 customers to purchase two-wheelers.

OTO Partners With Suryoday Bank

OTO digital two-wheeler commerce platform has joined with Suryoday Small Finance Bank (SSFB) to offer financing services to two-wheeler customers. Both partners are confident this will empower the two-wheeler retail portfolio for OTO and assist buyers seeking convenient and accessible financing options.

Sumit Chhazed, Co-Founder and CEO, OTO mentioned that financing plays a pivotal role in the decision-making process for individuals contemplating the purchase of a two-wheeler. He added, “We have enabled 75000+ customers in getting their dream two-wheeler, and as we continue scaling 3x y-o-y, partners like Suryoday Bank allow us to cater to the growing needs of our customers through affordable financing options”.

Senthil Kumar, Chief Business Officer-Inclusive Finance & Wheels, SSFB, stated that this strategic alliance is focused on transforming the landscape of two-wheeler financing, particularly for the under-served customer segments.

The partnership with SSFB creates an important milestone by reinforcing OTO’s commitment to leverage technology for providing seamless financial solutions. This collaboration fosters its access to OTO's young and digital savvy digital commerce customer base and fortifies its two-wheeler retail portfolio.

Also Read

OTO Raises $6 Million Series A Funding Led By Matrix Partners India

Share This Page