The Buy Now Pay Later (BNPL) option, also known as interest-free loans, became exceedingly popular during the Covid-19 pandemic. Reports suggest BNPL services are expected to cross USD 7000 million in 2022 in India; 22% of consumers bought goods using this option. BNPL services are popular among the young, tech-savvy population and also those who […]
Microfinance: What Lenders Should Consider While Approving a Microloan
Microfinance is generally associated with financial inclusion and poverty alleviation. It aims to help individuals and small businesses who have limited access to conventional banking services. In a broader sense, microfinancing refers to providing financial services like access to money transfers and savings accounts, credit facilities, and insurance to the economically weaker segments (EWS) of […]
Simplify and Scale Your Co-lending Business With Finezza’s LMS
The co-lending Model (CLM) of credit is not new to the Indian finance sector. Due to the proliferation of fintech resources and capabilities, the CLM has gained a lot of significance and has emerged as a viable solution to liquidity and access to credit issues. Efficient co-lending Loan Management Systems (LMS) can leverage the inherent […]
Why Is Supply Chain Financing in Demand Among SMBs and How to Leverage It?
SMBs may have found the perfect product-market fit but are restricted from capitalizing on the opportunity without access to timely funds. Small businesses can benefit from supply chain financing by getting access to instant financing and liquidity in this situation. Accounting standards cover the accounting by the supplier for advances it receives under this arrangement. […]
Can Supply Chain Financing Resolve Capital Issues for MSMEs?
Small businesses are the foundation of the Indian economy. The micro, small & medium enterprises (MSMEs) sector contributes to about 30 percent of India’s GDP. But despite being the largest employing faction of the country, they suffer from a lack of financial and regulatory security. Businesses thrive when they have enough funding and a stable […]
Invoice Factoring: Lending Firms’ New Border
Why do lending companies offer Invoice Factoring services? Learn about the benefits of this invoice factoring for businesses & lending companies here