Biz2X announces partnership with TradeIndia
By Leandra Monteiro
Biz2X partners with Infocom Network Private Limited (TradeIndia) through its digital platform Maadhyam. TradeIndia to provide financing solutions to the SMEs and the MSMEs in the TradeIndia B2B ecosystem.
With this partnership, TradeIndia will provide financial assistance to its B2B SMEs digitally, including loan servicing with facilities like a line of credit, invoice-based financing, and will digitally undertake credit monitoring, repayment, and collections management of these financial products through the deployment of Biz2X Maadhyam.
Biz2Credit’s Biz2X Maadhyam platform has added an interesting product list to its SaaS offering across the loan lifecycle that is India-ready. Biz2X Maadhyam uses industry standard API integrations to connect with the anchors and lenders. It provides a smooth SME onboarding experience along with automated underwriting facilities for accurate verification, all within a single ecosystem. It also takes care of all third-party API integrations thereby enriching the data required for underwriters in the loan journey.
Through Biz2X Maadhyam, TradeIndia will enable an Omni-Channel multi–Lender Digital Lending solution that allows more flexibility to manage complex product portfolios and eliminate IT efforts required for integrating with lender systems for data outflow and inflow. Trade India will benefit from improved TAT for underwriting, disbursement, and collections and profit from an exclusive SaaS platform where API-based integrations with various Anchors, Fintech, and Lenders can be seamlessly expanded without huge resource overload.
Vineet Tyagi, Chief Technology Officer, Biz2X said, “We want to take the financial sector forward especially for the SMEs in India, Maadhyam is designed to make the Indian SMEs Aatmanirbhar. We have a decade’s experience in helping Banks and Financial institutions globally to digitally reach out the small businesses for years and have been on a forefront of enabling Financial Inclusion for SMEs globally. We are extremely excited to partner with TradeIndia to deploy the Biz2X Maadhyam to enable lending services swiftly to their entire B2B Platform.”
Sandip Chhettri, CEO at TradeIndia commented, “Capital denial is one of the challenges that prevent MSMEs to take an entrepreneurial plunge. With the launch of a series of financing solutions for these businesses, TradeIndia looks forward to helping customers addresses their emerging business needs. We strongly believe embedded finance and future products like BNPL need a robust technology platform and we are proud to partner with Biz2Credit for deploying Biz2X Maadhyam for all our financial needs for our network. As partners both Biz2Credit and TradeIndia understand the needs of small businesses in India, and we share a similar vision to provide the impetus for growth to this segment.”
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