Fusion Finance founder Devesh Sachdev Joins GLAAS As Its Co-founder; Embedded credit is expected to contribute nearly 25% of MSME lending by 2030
FinTech BizNews Service
Mumbai, April 7, 2026: GLAAS, an embedded credit infrastructure platform for MSMEs, is accelerating its ambition to build India’s leading credit layer for digital platforms, with Devesh Sachdev coming on board as Co-founder & Managing Director. Sachdev is a distinguished entrepreneur in financial services, having earlier founded Fusion Finance Limited - which he scaled up from a startup to a successful IPO in 2022. As he joins the leadership team and takes the helm at GLAAS, Sachdev is also investing $5 million in the company.
The move signals GLAAS’ intent to capture a significant share of the fast-emerging embedded credit opportunity in India, as MSME lending shifts from traditional models to platform-led distribution. Embedded credit is expected to contribute nearly 25% of MSME lending by 2030. With rapid digitisation of India’s MSME ecosystem, credit is no longer a separate journey but is becoming increasingly embedded within the platforms where businesses operate. As commerce continues to digitise and ecosystems become the primary interface for MSMEs, GLAAS is positioning itself to become the underlying credit layer powering this shift at scale.
“MSME lending is at an inflection point. As businesses increasingly move online, credit will be delivered where transactions happen, in a form which meets evolving working capital needs of MSMEs and well within platforms. At GLAAS, we see this as a long-term structural opportunity and are building a comprehensive, asset-light credit infrastructure to lead this transition - while also scaling our own lending book in a calibrated manner alongside our partners,” said Devesh Sachdev, Co-founder & Managing Director, GLAAS.
With the latest fundraise and leadership expansion, GLAAS is focused on strengthening the balance sheet of its in-house NBFC, Gromor Finance, further expanding its co-lending partner ecosystem, and scaling its presence across high-growth digital platforms.
Welcoming Devesh Sachdev, Shailesh Dixit, Co-founder, GLAAS said, “We have been demonstrating GLAAS as the key infrastructure backbone for MSME credit in a platform-led world. The scale of this opportunity is massive, and we are excited to have Devesh joining us in this journey. With his experience in building and scaling lending businesses, we are well-positioned now to accelerate growth and establish GLAAS as a category-defining player in embedded credit.”
GLAAS has disbursed more than ₹1,200 crore in loans to date. The platform enables digital ecosystems including e-commerce, payments, and supply chain platforms to offer real-time, contextual credit to MSMEs. By leveraging transaction data and API-led integrations, GLAAS enables instant underwriting, seamless disbursals, and automated repayments, transforming credit into a continuous and embedded experience within commerce. The company is seeing strong adoption across digital platforms, with a growing pipeline of partnerships and increasing demand for embedded working capital solutions.
About GLAAS
Gromor Lending As A Service (GLAAS) is a first-of-its-kind embedded credit infrastructure that enables digital ecosystems to offer seamless, real-time working capital solutions to MSMEs. GLAAS is a flagship go-to-market (GTM) platform, established in 2021 as Gromor Finance's exclusive focus to address MSME working capital needs. Gromor Finance was set up by Bhupesh Morye, Santosh Shetty, Shailesh Dixit and Sanjeev Kumar—seasoned industry leaders bringing deep expertise across banking, finance, and technology. The objective was simple – to make it easy for any platform to offer credit—quickly, securely, and at scale.
With API-led integrations, end-to-end credit lifecycle management and leverage of its own NBFC, GLAAS provides full stack capability to power credit access across e-commerce, payments, agri-tech, supply chain platforms and broader B2B digital ecosystem. It helps new-age digital platforms unlock new revenue streams and drive deeper engagement. GLAAS supports businesses through complex areas like compliance, underwriting, and loan management—ensuring an end-to-end smoother and more efficient process.
GLAAS works with several reputed lending partners including its in-house NBFC Gromor Finance. As of FY26, the platform has disbursed over Rs1,200 crore in loans to more than 12,000 small businesses.
