Indifi Technologies, an enabler for SME funding in India, has partnered with OfBusiness, a B2B ecommerce marketplace, in a bid to help buyers on OfBusiness platform to scale up their businesses. Through this association, Indifi is enabling purchase financing to the small scale manufacturing companies to assist them in purchasing raw materials for their business. The financing facility provided is typically a 12-month line of credit wherein customers can draw demand loans for a 30 or 60-day period.
Commenting on the partnership, Alok Mittal, Co-founder and CEO, Indifi Technologies said, “Indifi is dedicated to solve the credit issues faced by small businesses across sectors in the country. By availing purchase financing through Indifi platform, these manufacturing companies benefit by combining the low cost of marketplace sourcing with the credit availability of traditional suppliers.”
Adding insights on the association, Ruchi Kalra, Co-founder, OfBusiness, said, “SME financing, particularly in manufacturing is the need of the hour. We at OfBusiness are committed to creating value through our commerce, logistics and credit solutions for SMEs. Indifi through its nimble and tech-driven approach has helped us gallop in scale.”
This mutually benefitting alliance provides the buyers with the right amount of finances, supporting them to conduct more business on the OfBusiness platform. With this partnership Indifi is now live in 6 different segments viz. travel, transportation, retail sector, hotels, e-commerce and manufacturing.