New Delhi: Cash flow is always the biggest challenge faced by the SME and MSME sector especially during the festive season.
As sales increases, more and more inventory needs to be financed. Thus time-sensitive working capital needs have to be assessed across inventory, payables and receivables.
There are few fintech platforms who are working towards uplifting the SME and MSME sector:
Vivriti Capital:
Tech-enabled online marketplace offering customised debt products to institutional clients within retail financial services and other non-financial services sectors. Headquartered in Chennai, Vivriti Capital was established with the objective of connecting capital markets’ investors with institutions, small enterprises, and individuals to provide them with a comprehensive range of financial services in an efficient manner.
Aye Finance:
Aye Finance is one such commercial institution built around the mission to solve these challenges of funding MSMEs and enabling their inclusion into the mainstream of the economy.
CoinTribe:
Cointribe believes that effective underwriting is at the heart of solving the gap in SME lending market and is the only online lending platform that has back-tested its credit model with large banks and continues focusing. CoinTribe has partnered with some of the leading Banks and NBFCs to simplify the SME borrowing.
Satya Micro Capital:
The firm provides prompt, convenient, and affordable collateral-free credit to unbanked and underserved people through a strong credit assessment and centralized approval system. Satya MicroCapital’s uniqueness lies in its socio-economic upliftment and women empowerment in less privileged areas where they have branches that are operated by women only employees.
Happy:
Happy Loans provides customized loan offerings to consumers to meet their specific demands. It even offers Micro Business loans that start at as low as Rs 2,000 for durations as short as 30 days. It aims to be the harbinger of a financial revolution that ensures the availability of funds to every business person as and when required. It has partner.
[source_without_link]ANI[/source_without_link]