TVS Credit Services Limited partners with Plug and Play to Promote Innovation through Startups

SINGAPORE, Aug 13, 2018 — TVS Credit Services Limited, today announced a partnership with Plug and Play, a global startup accelerator and corporate innovation platform headquartered in Silicon Valley. TVS Credit will be an Ecosystem Partner of Plug and Play’s Fintech program in Singapore in order to partner, pilot, and collaborate with emerging Fintech startups. This will allow TVS Credit to develop new products and technologies for the finance sector. The focus areas include, but are not limited to, credit underwriting, customer acquisition, customer service and people management.

“India is one of the world’s largest markets for financial services. It is also the country where adoption and usage of new technology has cut across all barriers of geography, language and social strata. It is therefore quite clear to us that to become a leader in financial services, our tech initiatives need to be one step ahead of the pack, always. We couldn’t have imagined a better partner than Plug and Play to help us find the right solutions for our business challenges and implement them smoothly. I look forward to a long relationship, filled with ideas and innovation,” says Venkatraman G, Chief Executive Officer, TVS Credit.

“We are excited to work with TVS Credit though our Fintech and Insurtech program in Singapore. Plug and Play’s stage-agnostic and consortium-based approach enables us to aggregate more technology focus areas and to attract the best startups to join our programs. We look forward to connecting startups from our global network to the Indian market together with TVS Credit,” says Jupe Tan, Managing Partner, Plug and Play Asia Pacific.

About TVS Credit

TVS Credit Services Limited is a leading Non-Banking Financial Company with over 4000 points-of-presence across India. The number one financier for TVS Motors Limited and one of the leading tractor financiers, TVS Credit also has a fast-growing footprint in used car, consumer durable, and used commercial vehicle financing. With over 2.5 million happy customers served by 10,000+ motivated employees and robust IT-powered processes, the book-size of TVS Credit is over 1 billion USD.

Driven by a mission to serve the heartland of India, TVS Credit has built an extensive presence in rural and semi-urban markets. With new products on the anvil, and an unwavering commitment to customer service and constant improvement, TVS Credit is well on its way to becoming the most preferred financier in the country. Know more about TVS Credit at www.tvscredit.com

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to facilitate technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 220 official corporate partners, we have created the ultimate startup ecosystem in many industries. We are the world’s most active venture capital firm, with roughly 250 startup investments a year.

Our Singapore office was launched in 2010 to invest in high tech startups in the region. Since then we have invested in more than 30 startups and have collaborated with various agencies of the Singapore and Indonesian governments, as well as partnered with multinational and regional corporations to run industry-specific accelerator programs. Most recently, the Singapore office has launched a Fintech and Insurtech accelerator and corporate innovation platform. For more information, visit www.plugandplaytechcenter.com/singapore

TVS Credit Contact

Charandeep Singh

Head — Marketing & CRM

charandeep.singh@tvscredit.com

Plug and Play Contact

Allison Romero

Director, Marketing

allison@pnptc.com

Carinna Goh

Manager, Community and Marketing

carinna@pnptc.com

Carinna Goh

Community & Marketing Manager

Asia Pacific | Singapore

HP: (+65) 9635 0374

3 Temasek Ave, Level 18, S039190