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The new year 2022 ushers a new era in the financial sector with fintech

What are the resolutions of Hylobiz towards the safety and prospect of SME businesses?

The banking business and in fact the entire financial sector saw huge turbulence and challenges due to the difficulty of working from the office in covid times and consequent shuffle with remote working, the growing digital mindedness, and sophistication among customers, and the recent regulatory changes taking place and on talk.

Financial sector reimagines with Fintech support

Despite challenges, the banking and financial sector in 2021 has seen growth with digitization and technological support of financial technology companies (fintech). The financial sector is expected to reshape in 2022 as the world continues to emerge in appetite for digital technologies and access to easy digital banking which the fintech-bank collaborations potentially satisfy.

MobiKwik, Hylobiz, Paytm, PhonePe are some of the Fintech companies functioning in India.

With the support of fintech, banks and NBFCs can

  • Improve customer loyalty base
  • Understand customer demands
  • Reach more customers
  • Satisfy customers better with advanced financial products like insurances, loans, debit and credit cards, investments, and more

In partnership, the traditional financial institutions gain technological advancements with fintech support, while financial technology companies leverage the experience of the legacy institutions. The partnership is the future of the financial sector and in this new year can simplify finance for people and businesses.

Fintech and bank partnerships have supported retail customers, dairy businesses, SME businesses, health care firms, and many more throughout the tough covid pandemic time and have contributed towards their growth.

Hylobiz, a fintech start up, is SME-focused and has contributed to the strengthening of SME businesses in this challenging period through its strategic partnerships with financial institutions and through innovative technologies.

SME businesses will see growth and expansion in 2022

SME sector in India is of immense importance as they influence the economy of the country. Small businesses help to reduce the income gap, reduce poverty, and create employment opportunities. They require lower capital investment and can work even in villages and other remote areas with limited resources.

The SME businesses were earlier an afterthought by traditional banks because of the high risks associated. With the advent of fintech and its collaborations with financial institutions, now they get access to better business insights, better data management, automation of accounts processes, automatic reconciliations, payments and collections, business processes, improved cash flow management, digital banking, and easy access to capital.

This new year seems to be majorly a year of further growth and better stability for SME businesses due to raised awareness and growing ease of access to capital and technologies by embracing advanced fintech.


As the new year brings in new ingredients and innovations for success, Hylobiz raises a toast to the milestones achieved the last year and hopes to continue supporting SME businesses successfully with dynamic technologies and through strategic alliances with financial institutions. Thank you, all our banking partners, and our SME business clients, for your association with us, and wish you bigger opportunities and growth this new year.

Hylobiz resolves to continue supporting the safe growth of SME businesses this new year with its dynamic features on its secured platform


Hylobiz in last year has overthrown invoicing, billing, account reconciliations, payments, collections, access to credits, and many other SME challenges. Quick onboarding, seamless ERP and account integration, collect payment and auto reconciliation are some of the top-rated features by our existing clients on the platform. Hylobiz is in partnership with top banks and ERPs and allows easy integration of existing ERPs and accounts with the platform.

Your safety is our priority

The one-stop solution is ISO 27001:2013 certified. We take care of the safety and security of SME businesses as we secure their data and transactions through encrypted data, and secured hybrid structure. Your information security and cyber security are our priority. Sign up for free

Top features

The connected banking and connected ERP services on Hylobiz boosts SME businesses with
  • Faster payment collection

 With the aid of automated reminders, secured payment links (invoice linked and static), payment(partial/full) through multiple payment modes cash/cheque/Net Banking/ RTGS/ NEFT/ UPI, your business payment collection gets easy and faster.

  • Better invoice management

Your existing ERP once integrated, the invoices get synced automatically with the Hylobiz platform. You can as well create branded and customized invoices on the Hylobiz platform just in a few clicks. Sending out invoices through multiple communication channels like WhatsApp, Hylobiz chat option (on the mobile app), SMS, and email is easy and this can make the payment collection possible with no delay.

  • Automated reconciliations and quick settlements

Those tedious manual reconciliations and days of waiting for payments to get settled would stop haunting you once lodged on Hylobiz.

  • Automated vendor payments

You may create purchase orders in a few easy steps. The integrated payment gateway on Hylobiz enables you to pay out to vendors in single/ bulk and ensures you pay out on time.

  • Automated inventory management

You can manage your inventories better digitally. You will get notified about low-running stocks and can also avoid stockpiling.

  • Get access to better cash flow visibility

The real-time dashboard and automated reports can help you get access to cash flow visibility in real-time. You can track receivables and payables better.

  • Get access to easy capital

In association with leading financial partners, Hylobiz can help you get access to pre-approved SME credit cards, savings, investments, insurances, loans, and more.

  • Bajaj finance and Neogrowth Credit Pvt Ltd offer working capital loans and business loans to SMEs

Click here to avail loans from Bajaj Finserv

  • Yes bank and Kotak bank give you facilities of connected banking services
    • HDFC bank gives you preapproved SME credit cards

Suggested blog à How connected ERP and connected banking can improve SME payment and collection? Click here

We are continuously upgrading and coming up with advanced features. 2022 can help your SME business get better ROI, ensure a stronger relationship with clients, partners, and vendors, help reach its goals to grow with Hylobiz.

So why wait? Contact us.

Get the new year’s resolutions realized by reaching out to us at support@hylo.biz.

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