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IIFL Finance partnered FinBox for merchants
August 13, 2021
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.
Important Links:
- Professional Diploma in Banking and Financial Services: https://tscfm.org/courses/professional-diploma-in-banking-and-financial-services/