IRIS RegTech Launches MSME Loan Pilot with IRIS Peridot Platform
Filing Summary
IRIS RegTech Solutions Ltd has initiated a pilot program to facilitate business loans for Micro, Small, and Medium Enterprises (MSMEs) through its platform, IRIS Peridot. The pilot involves collaboration with two lending partners, allowing MSMEs to apply for loans digitally. The initiative is part of IRIS’s agreements with multiple State Governments to enhance financial access for MSMEs. The pilot will start with a limited user base to assess system readiness and user engagement. IRIS RegTech aims to expand the platform’s capabilities to support MSMEs in their financial operations.
IRIS RegTech Solutions Ltd has announced the commencement of a pilot program aimed at simplifying business loan access for Micro, Small, and Medium Enterprises (MSMEs) through its platform, IRIS Peridot. The pilot will enable eligible MSMEs to initiate loan applications digitally, with the loan process managed by IRIS’s lending partners. This initiative is part of IRIS’s broader strategy to support MSMEs by providing digital tools and data-driven services.
The pilot program involves collaboration with two lending partners, allowing MSMEs to apply to multiple lenders through the IRIS Peridot platform. While IRIS acts as a digital facilitator, the loan journey will be completed directly with the respective lenders. The company has signed Memoranda of Understanding (MoUs) with multiple State Governments to support MSMEs, and the lending pilot is a component of these engagements.
The scope of the pilot includes enabling MSMEs to verify vendors, create digital invoices, and discover government schemes through the IRIS Peridot app. The app has been enhanced to support the proposed pilot, facilitating business loans to small businesses. The pilot will begin with a limited set of users and selected lending partners to evaluate system readiness, operational workflows, and user adoption before considering a broader rollout.
IRIS RegTech Solutions Ltd is leveraging its agreements with State Governments to strengthen access to finance for MSMEs. The pilot is designed to understand how MSMEs engage with a digital loan journey and how lenders respond when assisted with verified data. The learning from this controlled rollout will help refine the platform and better support MSMEs in their financial needs.
The pilot program will commence with a limited user base to assess system readiness and user engagement. A wider rollout will be planned subsequently based on the insights gained from the initial phase. The company aims to expand the platform’s capabilities to support MSMEs in their financial operations.
IRIS RegTech Solutions Ltd is a global RegTech company listed on the BSE and NSE. The company provides financial, ESG, and regulatory reporting software to enterprises, banks, and financial institutions worldwide. IRIS’s SupTech suite is used by over 30 regulators globally, including business registries, central banks, and stock exchanges, to streamline supervisory operations.