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BusinessLeegality partners with NeSL to offer banks, NBFCs digital stack for debt...

Leegality partners with NeSL to offer banks, NBFCs digital stack for debt documentation

Published: 22nd Oct 2021 10:02 pm

Hyderabad: Document execution platform Leegality has completed its integration with India’s first and only information utility-National eGovernance Services Limited (NeSL) – to provide a unified digital debt documentation stack for lending institutions in India.

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Through this integration, Leegality will offer banks and NBFCs a one-stop integration that gives them access to the entire NeSL Digital Document Execution (DDE) and Information Utility Service Ecosystem. NeSL offers a bouquet of services ranging from a secure information repository for borrower information to India’s first 100 per cent digital eStamp service.

Leegality already serves over 1,000 businesses across India, including Telangana and Andhra Pradesh – from BFSI majors such as Federal Bank, ICICI Lombard, HDFC Ltd, Airtel Payments Bank, IndusInd BFIL among others to high growth startups such as Razorpay, Rupeek, Payswiff, WeWork, Dunzo among others.

Several Hyderabad-based entities already use Leegality to make their paperwork digital including micro-finance firm IndusInd Bharat Financial Inclusion Limited, POS solutions company Payswiff Solutions, and angel investment platform Hyderabad Angels among others.

Founder and CEO of Leegality, Shivam Singla said, “NeSL is not just a single service – but a set of different interlinked services. We have been working with NeSL for the past few months to develop a product – the Leegality NeSL Suite – that allows our bank, NBFC and MFI customers to integrate with all of NeSL’s services with a simple and fast one-stop integration.”

Singla added, “NeSL has the potential to revolutionise the speed of insolvency proceedings in India. With our new Leegality NeSL Suite, we hope to accelerate this revolution by providing banks and NBFCs an easy way to comply with the regulatory mandate of the IBC and Ministry of Finance.”


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