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Category: Finance

How Embedded Finance Helps SMBs Benefit From ‘Real-Time’ Cash Acceleration

Small Enterprise India

In today’s fast-paced digital economy, innovation is crucial to addressing the underserved working capital needs of Small and Medium-sized Businesses (SMBs). Financial automation and Embedded Finance (EmFi), the integration of financial services into non-financial platforms, have emerged as transformative solutions for extending credit products to SMBs, enabling them to effectively manage their cash flow. The Era of EmFi: A Revolution…

ENKASH IS UNLOCKING 100% ACCURACY IN ACCOUNTING AND AUDITING PROCESSES FOR BUSINESSES THROUGH ITS NEW PLATFORM OLYMPUS

Small Enterprise India

EnKash, Asia’s 1st and smartest spend Management platform has launched “Olympus,” an industry-first solution that automates business payables and receivables. Mid-size and especially traditional businesses lack experience and accessibility of digital payments considering the high costs and efforts involved. While larger companies get desired technology solutions from banks and their software providers, startups and small to midsize businesses have struggled…

COLLATERAL-FREE SME LOANS

Small Enterprise India

No-collateral SME loans are a form of financing that does not require borrowers to provide collateral, such as property or assets. This type of loan is typically extended to small and medium-sized enterprises (SMEs) that may need more collateral to secure traditional bank loans.  No-collateral SME loans can be used for various purposes, including working capital, inventory purchases, expansion projects,…

THE USE OF TECHNOLOGY FOR IMPROVING THE ACCESS OF SMALL BUSINESSES TO CREDIT

Small Enterprise India

Technology has revolutionized the world and the business world is no exception. Apart from helping businesses in operations and innovations, technology has empowered small businesses.   The biggest concern for small businesses is arranging adequate funds. So, technology has made the process of loans faster and more transparent, enabling small businesses to operate and grow. It won’t be wrong to say…

FUTURE OPPORTUNITIES FOR TECHNOLOGY TO SUPPORT ECONOMIC INCLUSION

Small Enterprise India

Economic inclusion, or having access to formal financial services like bank accounts, credit, and loans, is one of the most effective ways to end poverty cycles. Unfortunately, as many as 1.7 billion individuals worldwide still need bank accounts or access to financial services. Those already economically vulnerable will find it more challenging to improve their circumstances because of this condition.…

FINNOVATE: FinTech for SMEs Concluded with a Positive Impact

Small Enterprise India

A first-of its kind industry event – FINNOVATE:Fintech for SMEs was conceptualized and organized by Small Enterprise India. This conference was a get-together of the top financial institutions, Banks, Fintech companies and SMEs. The vision of the get-together creates a great opportunity for SMEs to learn about the latest trends in FinTech and how financial institutions are catching up with…

HOW FINTECH IS DISRUPTING THE SMALL BUSINESS LENDING MARKET

Small Enterprise India

In simple words, Fintech is a set of tools or technologies that work toward supporting and enabling financial and banking services. It is an amalgamation of a different set of specialized software and data analysis to foster the needs of the growing economy of SMEs. Its welcoming approach toward Blockchain technology has eliminated intermediaries and provided greater transparency. The Covid…

Exponential Growth of TradeIndia’s Digital Lending Expects 5X Growth in 2023

Small Enterprise India

TI Lending, India’s first digital lending solution for SMEs, announced the disbursement of loans totalling more than INR 500 million to SMEs and MSMEs in the country within six months of its launch. TI Lending is an exclusive digital loan solution initiative by TradeIndia.com, India’s largest B2B marketplace. TradeIndia.com has collaborated with leading lending platforms like ICICI Bank, Mintifi, Indifi,…

AYEKART FINTECH AIMS TO DELIVER 4X GROWTH IN REVENUE IN FY-23

Small Enterprise India

The Agri-integrated supply chain and finance platform, Ayekart Fintech celebrates two years of its establishment in the country. Founded in December 2020, the start-up aimed to empower traditional businesses by digitizing their operations, assisting in finance, and providing value-added services.  The platform started its pilot operations in June 2021, and further commercially rolled out its services in September 2021. It…

UpScale by CredAble launches new E-invoicing solution to help SMEs

Small Enterprise India

~ The newly launched solution will help India’s 70 MN+ SMEs to easily and securely create & manage their E-invoices. Keeping up with the government of India’s bullish stance on digital transformation, UpScale by CredAble, a business growth app, has launched its new e-invoicing solutions for SMEs. The solution helps businesses with financial operations management assistance as per the rules led by the…