CreditVidya and Flipkart Wholesale join hands to offer BNPL credit to merchants

March 23 Lending platform CreditVidya and digital B2B marketplace, Flipkart Wholesale, have joined hands to offer an ‘Embedded Buy Now, Pay Later’ credit solution to Flipkart Wholesale’s 1.5 lac merchants.

With the CreditVidya integration, the marketplace will now have access to $ 100 million in capital through multiple financial institutions to address the credit needs of its merchants.

Abhishek Agarwal, Co-Founder and CEO, CreditVidya, said, “We are elated to launch a B2B BNPL solution in association with Flipkart Wholesale. Our shared vision of leveraging technology for good will empower and uplift Indian MSMEs by bringing in cost and operational efficiencies. At the helm of this collaboration, it is our endeavor to democratize access to credit by playing off each other’s strengths to create a conducive ecosystem for the MSMEs to grow and prosper. ”

Adarsh ​​Menon, Senior Vice-President and Head, Flipkart Wholesale, said, “Today ‘buy now, pay later’ has disrupted the traditional payment market and emerged as a credit alternative. Our MSME members are adopting new flexible payment solutions offered by companies like CreditVidya. It enables them to make larger purchases to scale their inventory, even if they do not have cash on hand. We are delighted to collaborate with CreditVidya for providing a seamless delayed payment alternative, further deepening our commitment towards our partners and stakeholders. ”

Flipkart Wholesale and CreditVidya’s team have designed a multilingual application for onboarding of businesses. Following onboarding, businesses on Flipkart Wholesale can opt for digital credit with a ticket size as small as ₹ 500.

Published on

March 24, 2022

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