The story of MyMoney

MyMoney started with a simple mission:to cater to the banking and credit requirements of MSMEs.

The Micro Small and Medium Enterprises (MSMEs) sector in India is a major contributor to the socio-economic development of the country. They are instrumental in driving economic growth and development and achieving sustainable and inclusive growth. With their incredible contributions to the economy and the great potential to grow further, MSMEs are expected to be the engines of growth for India.

MyMoney’s aim is to give wings to the dreams of the 6.3 Crore MSMEs in India, with faster loans, banking, and business finance tools.

It is a joint venture between IIFL Finance, one of the leading players in the financial services space in India, and Open Financial Technologies, the world’s fastest-growing neobanking platform.

IIFL’s expertise in providing a diverse range of loans and mortgages such as small enterprise financing, microfinance, and more, along with Open’s vast experience in revolutionizing business banking and financial management for SMEs, startups, and freelancers is a match that can create magic together.

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