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IIFL Finance partnered FinBox for merchants

August 13, 2021

IIFL Finance partnered FinBox for merchants
IIFL Finance has partnered with Bangalore and Gurgaon-based FinBox to offer merchants innovative digital credit products, a statement said Thursday. 
 
Investment services organizations will utilize Buy-now-pay-later (BNPL) and working capital credit items incorporated into FinBox to furnish shipper B2Be business brokers with advanced credit instruments. Through this association, IIFL and FinBox will pay £According to the statement, an advance of ₹100 billion will be given in the following two quarters through a completely digitized model. 
 
FinBox Embedded Finance Platform will fortify credit for various B2B, e-commerce and retailer aggregator platforms, said Rajat Deshpande, co-founder and CEO of FinBox. 
 
“Cooperating with IIFL gives us the flexibility and agility to launch innovative credit products for shippers, best case scenario, and in-class rates. BNPL Credit is the soul of B2Be commerce and trade. Consistent access to income based BNPL financing has prodded B2Be trade, similarly as it started off the B2C e-commerce story in India, “said Deshpande.

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