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KreditBee partners with cashfree payments to offer online checkout finance

August 24, 2022

KreditBee partners with cashfree payments to offer online checkout finance
KreditBee, one of India’s leading fintech platforms, today announced its partnership with Cashfree Payments, India’s leading payments and API banking solutions company, to offer the customers an option to convert their online purchases into EMIs at the time of checkout itself for non-credit card holders.

KreditBee’s 6 million+ customers can avail the online checkout finance facility from Cashfree Payments’ 1.5 lakh+ merchant partners, including leading brands like Nykaa, EaseMyTrip, Livspace, Gonoise, Wakefit, among others.

Cashfree Payments’ merchants can offer this cardless EMI option to all eligible customers with the KreditBee app. The new customers can also avail this facility post registering on KreditBee’s mobile app. The checkout finance loans range from INR 2,400 to INR 2 lakhs with a tenure of 3-18 months.

Through this partnership, KreditBee will leverage Cashfree Payments’ Payment Gateway to offer cardless and convenient EMI options. The association will enhance KreditBee’s reach to the underserved segments significantly.

Speaking on the partnership, Mr. Madhusudan Ekambaram, Co-founder & CEO, KreditBee said, “We are delighted to partner with Cashfree Payments to offer a distinctive financing option in the form of online checkout finance. This partnership allows us to extend this effective credit tool to the otherwise unserved and underserved segments. The increased push for digitalization in the past few months has indeed accelerated the shift to digital commerce and payments, in some cases replacing the retail and merchant experience altogether. The idea behind this collaboration is to devise an integrated process for the online checkout finance for customers to convert their online purchases, especially where ticket value is high, into easy EMIs hassle-free.”

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