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Fibe to offer credit access to last-mile consumers on the ONDC Network

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Salaried individuals can avail cash loans from INR 20,000 to INR 5,00,000

MUMBAI, India, Sept. 2, 2024 /PRNewswire/ — Fibe, India’s leading fintech, has integrated onto the ONDC Network to extend credit services to the underserved parts of the country. It has become one of the first fintechs to be onboarded on the Open Network’s financial services-credit category.

Fibe will offer cash loans ranging from INR 20,000 to INR 5,00,000 and help provide credit access to young salaried individuals at the last mile to fulfil their aspirations. This strategic decision will eliminate the lengthy paperwork process, allowing customers to avail a loan within just 6-7 minutes of applying for it online on the platform. Fibe has enhanced its infrastructure to ensure a seamless experience for customers on the ONDC Network seeking credit.

Akshay Mehrotra, Cofounder & CEO of Fibe, said, “We are proud to join the ONDC Network in its mission to drive financial inclusion in the country by catering to populations in the underserved markets. We are looking forward to leveraging the widespread reach of the Open Network to extend our offerings to every consumer in the hinterlands as well. We remain dedicated to empowering the youth, especially the salaried class, in their journey to fulfilling their aspirations. This initiative aligns well with our mission. Together with ONDC Network, we will continue to foster an ecosystem wherein every person has the necessary tools and support to thrive financially, thereby deepening our impact across the country.”

“We have recently launched financial services on the ONDC Network, and it is encouraging to see the expansion of these services with Fibe joining us,” said T Koshy, MD & CEO, ONDC. “This step enhances our efforts to democratize access to financial services, providing quick and seamless credit availability for consumers across the country, including those in remote and underserved areas. We are working towards simplifying the borrowing experience, driving financial inclusion and empowering every individual economically.”

Fibe has positively transformed the lives of over 25 million customers, significantly expanding its presence from 18 to 350 cities. Its mission to provide reliable credit solutions to Bharat has empowered countless individuals. It has disbursed more than 6.5 million loans worth over INR 22,500 crore since inception.

About ONDC:

Incorporated on 31st December 2021, Open Network for Digital Commerce (ONDC), a Section 8 company, is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India, to create a facilitative model that revolutionizes digital commerce, giving greater thrust to penetration of retail e-commerce in India. ONDC is not an application, platform, intermediary, or software but a set of specifications designed to foster open, unbundled, and interoperable Open Networks.

For further information, visit ONDC | Open Network for Digital Commerce

About Fibe:

Fibe (previously EarlySalary) is one of India’s leading consumer lending apps focused on young, aspirational, and tech-savvy Indian consumers. It is building a financial ecosystem that enables the mid-income group to fulfil their aspirations. It is an industry leader in the salary advance segment with the fastest processing time. It has launched a host of financial products like Cash Loans, long-term Personal Loans and Buy Now Pay Later plans. It offers a 100% digital loan application process that takes just seconds to complete. Its technology arm – Social Worth Technologies Pvt. Ltd. has partnered with Axis Bank to launch the Fibe Axis Bank Credit Card.

Fibe has grown multifold over the years and emerged as a market leader in providing financial assistance to young middle-income groups in India. Due to its highly scalable business model, Fibe recently has been upgraded to BBB+ by CARE Ratings and has been certified with ISO/IEC 2001 for its Information Security Management System (ISMS). Today, Fibe has access to debt lines to leading PSUs & Private Banks, Large Notable NBFCs and NDCs. The company has already disbursed more than 6.5 million+ loans worth Rs. 22,500 Cr+.

Winner of BW Festival of Fintech Lending Platform of the Year (Gold) and Fintech Brand of the Year (Silver)Featured in Economic Times Best Brand Award at the Best Brands Conclave 2022Winner of the BFSI Leadership Award at the 5th NBFC100 Tech SummitWinner of Young Indians Delhi Youth Conclave AwardDream Company to Work for in Fintech by HRM Asia Pacific CongressWinner of G20 Digital Innovation Alliance – Best Startup in Fintech

Photo: https://mma.prnewswire.com/media/2494429/ONDC_integration_FIBE.jpg
Logo: https://mma.prnewswire.com/media/2431986/Fibe_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/fibe-to-offer-credit-access-to-last-mile-consumers-on-the-ondc-network-302235964.html

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Donors Give a Record-breaking $37 Million During Minnesota’s Annual Give to the Max Day

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November 22, 2024

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The statewide giving day raised money for 6,556 Minnesota nonprofits and schools

MINNEAPOLIS, Nov. 22, 2024 /PRNewswire/ — Tens of thousands of donors from Minnesota and around the world gave more than $37 million to 6,556 organizations during Give to the Max Day yesterday, the 16th annual statewide giving event for Minnesota nonprofits and schools. This year’s giving total surpassed last year’s $34.2 million, setting a new record, previously held in 2021.

Organizers at GiveMN are delighted with the outcome, particularly in light of national trends suggesting that donations may remain flat or decline again this year. This remarkable display of generosity bolsters the resilience of nonprofits and schools across Minnesota, many of which depend on Give to the Max as their largest annual fundraiser.

Give to the Max Day 2024 drew donors both within Minnesota and around the world. Contributions and participation spanned all 87 Minnesota counties, every U.S. state, and 36 countries worldwide.

Originally conceived and launched in 2009 as a one-time campaign to raise awareness for the new GiveMN.org fundraising platform, Give to the Max Day has since evolved into Minnesota’s yearly celebration of generosity and a powerful demonstration of support for organizations throughout the state and the 11 Native nations that share the same geography. Donors have given more than $365 million to more than 10,000 organizations since the inaugural Give to the Max Day in 2009, making it one of the first and largest giving days in the nation.

“While more than $37 million raised is an incredible achievement, it’s just the beginning of the story,” said Jake Blumberg, executive director of GiveMN. “The true power of yesterday’s generosity lies in the countless lives and communities that will be transformed across Minnesota. Thanks to the support of thousands of donors, nonprofits and schools are equipped to create lasting change in our state.”

GiveMN distributed over $100,000 in prize grants to Minnesota organizations with “Golden Ticket” drawings every 15 minutes, adding a surprise element of generosity for more than 150 donors. This year, the grand prize Super-Sized Golden Ticket awarded a $10,000 bonus to Our Justice in Minneapolis.

Give to the Max Day was presented with support from sponsors at the Bush Foundation, the Saint Paul & Minnesota Foundation, Initiative Foundation, Northwest Minnesota Foundation, Southern Minnesota Initiative Foundation, Southwest Minnesota Initiative Foundation, and West Central Initiative.

GiveMN.org is online and available year-round as a central hub for generosity in Minnesota. Donors may create a free account to set up monthly gifts, set up fundraisers for their favorite causes and download reports of their giving history. Visit GiveMN.org to learn more.

About GiveMN
GiveMN is an independent nonprofit organization working to ignite generosity and grow giving through GiveMN.org, Minnesota’s giving marketplace, and RaiseMN, a fundraising coaching and training program.    

Since 2009, more than 770,000 donors have made gifts with ease and enthusiasm through givemn.org to make a difference for causes in their communities. Through this online marketplace for generosity, and giving events like the annual Give to the Max Day, GiveMN has helped to generate more than $430 million for more than 14,000 nonprofits and schools.

RaiseMN serves Minnesota nonprofits through individualized coaching and programs to transform nonprofit fundraising. Focusing on small- to medium-sized organizations, RaiseMN builds more healthy and sustainable fundraising practices so nonprofits can continue to pursue and expand their mission in their communities.

Launched in 2009 by the Saint Paul & Minnesota Foundation, GiveMN is supported by many generous foundation and corporate partners, contributions from individual donors, and revenue from its programs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/donors-give-a-record-breaking-37-million-during-minnesotas-annual-give-to-the-max-day-302313997.html

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Bendable Labs Honored as a Winner in Responsible Technology in the Fourth Annual Anthem Awards

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21 minutes ago

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November 22, 2024

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Bendable Labs announced today that it has been named by the International Academy of Digital Arts and Sciences as a bronze winner in the fourth annual Anthem Awards.

LOS ANGELES, Nov. 22, 2024 /PRNewswire-PRWeb/ — Bendable Labs announced today that it has been named by the International Academy of Digital Arts and Sciences as a bronze winner in the fourth annual Anthem Awards.

“Technology is at its best when it’s used to connect people to people, not just people to platforms.”

The company was recognized in the “Responsible Technology – Partnership or Collaboration” category for a project in Carlsbad, California, which equipped the local public library with a digital job-readiness platform for its patrons. Goals included helping the library play a more effective role in the local workforce ecosystem, fostering economic mobility for entry-level job seekers and providing insights to successfully scale the model to other communities.

“What this project in San Diego County demonstrated is that technology is at its best when it’s used to connect people to people, not just people to platforms,” said Sarah Zaner, co-president of Bendable Labs, a social purpose corporation that designs, builds and tests solutions in the areas of lifelong learning, workforce development and job quality. “We’re grateful to all of our local partners, especially the Carlsbad Department of Innovation & Economic Development and the Carlsbad City Library, for helping us realize this vision.”

The fourth Annual Anthem Awards was the most competitive yet, with more than 2,300 entries submitted from 34 countries.

“As a startup, it’s both exciting and validating to see us being honored alongside such outstanding organizations as AARP, Samsung and the United Nations Development Programme, and UNICEF USA,” said Rick Wartzman, Bendable Labs co-president. “These are challenging times, and we’re all trying to make a difference in our own way.”

Wartzman and Zaner noted that the library-based workforce development model that was piloted in Carlsbad is now being rolled out in west Tennessee, where Ford Motor is building a $5.6 billion “mega campus” to assemble an expanded lineup of electric F-Series vehicles. Bendable Labs is partnering with the Tennessee State Library to create job-readiness pathways at 18 libraries throughout the region. Entry-level job seekers will be able to earn a library-backed microcredential, signaling that they have in-demand skills and are ready to go to work or acquire more advanced training.

About Bendable Labs

Bendable Labs aims to improve economic stability, mobility and opportunity for people across the United States Spun out of the Drucker Institute at Claremont Graduate University, we are registered in California as a social purpose corporation. For more, please visit bendablelabs.com.

About The Anthem Awards

Launched in 2021 by the Webby Awards, a program of the International Academy of Digital Arts and Sciences, the Anthem Awards honors the purpose and mission-driven work of people, companies and organizations worldwide. By amplifying the voices that spark global change, we’re defining a new benchmark for impactful work that inspires others to take action in their own communities. The Anthem Awards honors work across seven core causes: Diversity, Equity & Inclusion; Education; Art & Culture; Health; Human & Civil Rights; Humanitarian Action & Services; Responsible Technology; and Sustainability, Environment & Climate. This season’s partners include Ms. Magazine, The Female Quotient, Sustainable Brands, NationSwell, and TheFutureParty. The Awards were founded in partnership with the Ad Council, Born This Way Foundation, Feeding America, Glaad, Mozilla, NAACP, NRDC, WWF and XQ.

Media Contact

Phalana Tiller, Bendable Labs, 1 3238960626, phalana@bendablelabs.com, https://bendablelabs.com

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/bendable-labs-honored-as-a-winner-in-responsible-technology-in-the-fourth-annual-anthem-awards-302313513.html

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PetSafe® Unleashes Early Black Friday & Cyber Monday Deals – Big Savings on Must-Have Pet Essentials!

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21 minutes ago

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November 22, 2024

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Exclusive Discounts on GPS Tracking, Automatic Litter Boxes, Cat Toys, Booster Seats, and More

KNOXVILLE, Tenn., Nov. 22, 2024 /PRNewswire/ — PetSafe®, a trusted leader in pet care products and solutions, is excited to announce its early Black Friday and Cyber Monday deals, starting November 17th. Pet parents can now score exclusive discounts on a wide range of popular products to keep their furry companions healthy, happy, and safe this holiday season.

Among the standout deals, pet owners can save $100 on the PetSafe® Guardian® GPS + Tracking system, reducing its original price of $399.95 to just $299.95. Additionally, pet fountains, such as the Outlast model, will be available at 15% off, providing a refreshing solution for pets at an affordable price. Select ScoopFree® Litter Boxes, known for their self-cleaning technology, will feature discounts of up to $80, making them an even more appealing choice for cat owners.

Furthermore, PetSafe® is offering a range of items at 15% off, including cat doors, Busy Buddy® toys, select cat toys, and booster seats, allowing pet owners to upgrade or replace essential pet care items while enjoying fantastic savings. These deals can be found on the PetSafe® website, with additional discounts available in Costco stores for added convenience.

This early holiday shopping event presents the perfect opportunity for pet parents to stock up on high-quality products that support their pets’ well-being, comfort, and entertainment. From innovative GPS tracking solutions to interactive toys, PetSafe® offers something for every pet this season.

For more information on PetSafe’s Black Friday and Cyber Monday deals, visit PetSafe.com or follow PetSafe® on social media for the latest updates.

About PetSafe®
PetSafe® is the flagship retail brand of PetSafe Brands™, the world’s leading cat and dog products supplier. As a family of consumer brands that also includes Invisible Fence Brand®, SportDOG®, Kurgo® and Premier Pet®, PetSafe Brands™ is dedicated to unleashing joy for pet families everywhere by keeping pets healthy, safe and happy for a lifetime.

Contact:
Janna Chollet
917-826-8511
JChollet@PetSafe.net

View original content to download multimedia:https://www.prnewswire.com/news-releases/petsafe-unleashes-early-black-friday–cyber-monday-deals–big-savings-on-must-have-pet-essentials-302313706.html

SOURCE PetSafe®

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