OfBusiness unveils AI-enabled platform Nexizo for Indian SMEs

By Gloria Methri

Ahead of its Initial Public Offering, FinTech startup OfBusiness has announced the launch of Nexizo.AI. This platform enables the discovery of new opportunities, including relevant buyers, gathering market insights for competitive intelligence and seeking to drive B2B commerce.

Nexizo.AI aims to foster growth and efficiency for India’s top-tier small and medium enterprises (SMEs), prioritising infrastructure and manufacturing sectors.

As OfBusiness prepares for a potential $1 billion IPO next year, the launch of Nexizo.AI marks a strategic step toward building a vertical commerce ecosystem focused on materials, finance, and software solutions, the company said in a release.

“The OfBusiness, a multi-dimensional tech company into manufacturing, financing and aggregation business, has unveiled Nexizo.AI, a groundbreaking platform and a one-stop solution for discovering new opportunities, including relevant buyers, gathering market insights for competitive intelligence, raw material price discovery, and accessing next-generation software tools to enhance business efficiency and drive digital transformation,” the release said.

OfBusiness is a new-age B2B Commerce start-up that provides smart procurement and smart financing solutions to SMEs through its tech-enabled platform. It serves as a single window for SMEs in the manufacturing and infrastructure sector for all raw material procurement, supplier financing, and project financing needs.

SMEs can use unsecured credit limits for cost-effective procurement of raw materials (steel, TMT, metals, chemicals, polymers, textiles, cement, and building materials), which the platform aggregates, passing the aggregation benefits to the SMEs.