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New Delhi, India & Singapore – May 31 2025 – FairConnect Financial Services Private Limited (formerly FairConnect Business Advisors Private Limited), an NBFC-ICC registered with the Reserve Bank of India, and Advanced Technology Management Consultancy Pte Ltd(referred to by its brand NxtGen Pay), a global innovation firm headquartered at Marina Bay Financial Centre, Singapore, have reached a strategic understanding to jointly explore, design, and deploy next-generation fintech services. This collaboration aims to unlock new financing opportunities for small and medium enterprises (SMEs) in the markets of interest for FairConnect.
The “NxtGen Pay with LendAPI” platform will work with FairConnect to enable automated and rapid decisioning and underwriting of loan applications for SMEs, boosting the performance of FairConnect’s lending management system. This collaboration endeavours to enhance credit access and support economic development within India’s SME sector.
LendAPI, one of the world’s fastest-growing lending fintechs, currently processes over 20 million transactions on an annualised basis. Its partnership with NxtGen Pay, through the brand“NxtGen Pay with LendAPI” brings advanced digital lending capabilities to Asia. At the heart of this relationship is the aim to create a pan-Asian embedded finance network—global in ambition, yet deeply rooted in local impact.
“Bringing the benefits of advanced technologies to borrowers in an equitable and sustainable way is at the heart of our mission, and our joint effort with NxtGen Pay is meant to achieve this,” said Kamal Batra, Director of FairConnect.
“India is the great growth story for the foreseeable future and we are enthused with the visionary drive of FairConnect. It is a privilege for us, along with our partner LendAPI, to work with them”, said Kaustuv Ghosh, CEO of NxtGen Pay.
“The NxtGen Pay with LendAPI platform is meant to transform lendtech in Asia and we are excited with this announcement”, added Timothy Li, Co-Founder and CEO of LendAPI. “At LendAPI, we are proud of our partnership with NxtGen Pay and the tremendous potential it signifies”.
Issued jointly by FairConnect Financial Services Private Limited, Advanced Technology Management Consultancy Pte Ltd, and LendAPI Inc.