Stock Report

IRIS Peridot Simplifies Business Loan Access for MSMEs

Posted On : 2026-01-07 21:28:55( TIMEZONE : IST )

IRIS RegTech Solutions Limited (Formerly known as IRIS Business Services Limited) ("IRIS") is pleased to announce that it is commencing a pilot for enabling business loans on its MSME-facing platform, IRIS Peridot.

Under this pilot, eligible Micro, Small and Medium Enterprises (MSMEs) will be able to initiate loan applications through IRIS Peridot. The loan process will be undertaken by IRIS's lending partners. While IRIS will function as a digital facilitator, MSMEs will be able to apply to multiple lenders and complete their loan journeys directly with the respective lenders. We are currently working with two lending partners. Going forward, more lending partners are expected to be onboarded on our platform.

IRIS has signed Memoranda of Understanding (MoUs) with multiple State Governments to support MSMEs with digital tools and data-driven services. The proposed lending pilot is one of the activities being undertaken as part of these State-level engagements to strengthen access to finance for MSMEs.

Quote from K. Balachandran, CEO, IRIS "Our work with State Governments has highlighted the need for simple, trusted and compliant digital pathways for MSMEs. The proposed pilot is a step towards understanding how data, when used responsibly, can help streamline credit access for small businesses while keeping all regulatory boundaries intact."

Quote from Shilpa Dhobale, Business Head - IRIS MSME "Through this pilot, we aim to observe how MSMEs engage with a digital loan journey and how lenders respond when assisted with verified data. The learning from this controlled rollout will help us refine our platform and better support MSMEs in their day-to-day financial needs."

The IRIS Peridot app currently enables MSMEs to verify vendors, create digital invoices, discover Government schemes, stay informed on compliance developments, and upskill through curated content. The app has now been enhanced to support the proposed pilot for facilitating business loans to small businesses.

The pilot will begin with a limited set of users and selected lending partners. It is intended to evaluate system readiness, operational workflows and user adoption before considering a broader rollout. A wider rollout will be planned subsequently.

Shares of IRIS RegTech Solutions Ltd was last trading in BSE at Rs. 300.00 as compared to the previous close of Rs. 304.75. The total number of shares traded during the day was 540 in over 51 trades.

The stock hit an intraday high of Rs. 303.95 and intraday low of 296.30. The net turnover during the day was Rs. 161349.00.