We place a high priority on regulatory compliance and security, considering them essential and integral aspects of our platform.
CreditBook Financial Services Ltd. (CBFS), is a wholly owned subsidiary of CreditBook Technologies. CBFS has been incorporated as a Non-Banking Financial Corporation (NBFC), and has been licensed by the Securities & Exchange Commission of Pakistan (SECP) to provide "Investment Finance Services" (IFS), which includes lending and financing services. The primary objective of CBFS is to enable access to finance, and credit for Micro, Small & Medium Enterprises. Being a technology company first, CBFS is also the first NBFC engaged in MSME lending to have been whitelisted by SECP for digital lending. CBFS' Tijara, which is a module within the CreditBook khata app, has been whitelisted by SECP. The whitelist is available here.
The two licenses, viz. IFS and Digital Lending have been acquired after going through a comprehensive process of due diligence, and vetting by the SECP. Through availability of a NBFC and a Digital Lending license, CBFS can enable access to finance for MSMEs, both through conventional, and digital distribution channels — further opening up possibilities of embedded finance across the board.
We recognize the critical need for a secure environment on our platform. Utilizing cutting-edge technologies and strict protocols, we've established extensive security measures to safeguard users and uphold the integrity of our systems.
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