Indifi Technologies partners with e-commerce marketplace OfBusiness

Indifi Technologies partners with e-commerce marketplace OfBusiness

Submitted by alvin on Tue, 2016-05-10 17:31 New Delhi: Indifi Technologies, an enabler for SME funding in India, has partnered with OfBusiness, a B2B e-commerce 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 six different segments viz. travel, transportation, retail sector, hotels, e-commerce and manufacturing.Indifi is a Gurugram based platform for small business lending, connecting borrowers and lenders. It partners with lenders - banks and NBFCs - to deliver the credit facilities to small businesses. Indifi aims to substantially improve the experience that borrowers get in terms of speed of approval and disbursement, convenience of the loan process, relevance of the loan product to their business needs, and finding the best rates in the market. Driven by the idea of establishing or automating SMB financing in India, Indifi has emerged as an enabler for small businesses to seek seamless access to funding.OfBusiness is a fast growing technology driven business to business marketplace for commerce, logistics and credit. OfBusiness is operational in 10 states across the country and is active across two verticals - construction and manufacturing, with plans of entering healthcare soon. It aims to make available better products, at better prices, in better timelines to customers with a comprehensive online and offline support. (ANI)