FlexiLoans has disbursed over 10,000 loans to merchants on e-commerce websites across the country with average ticket size of INR 4 to 5 lakhs.
This festive season, the retail industry is witnessing a renewed surge in demand across consumer goods, electronics, lifestyle goods, and various lending institutions are offering credit schemes and loans to consumers to finance their purchases.
Like, sellers on ecommerce platforms are gearing to keep up with this massive demand for the sales season and are in constant needs of funds to manage their cash flow and working capital gap due to festive spike.
Addressing this surge in demand, Flexiloans, a leading MSME-Fintech lender, is bringing the largest curation of loan offerings for Amazon e-sellers during this annual mega festive season. These offers have been available from pre -Dussehra onwards and will last until New Year.
With a strong growth trajectory for e-commerce growth in India that is anticipated to grow 7 times in the next 7 years, the e-commerce players are beefing up their supply chain network, and the Flexiloans sellers-assisting finance programs help ease the stretch that small businesses face during the festive season.
Deepak Jain, Co-Founder of FlexiLoans said “Our partnerships with Amazon have helped merchants across 500 cities and towns selling on e-commerce websites to get loan disbursements in less than 48 hours. The loan terms are such that they help sellers tide the surge in working capital requirements in the festive season for loans of various sizes,”
“In the last 2-3 years, over 10,000 sellers have taken advantage of our Seller Financing schemes which the e-commerce companies facilitate,” he added further.
“FlexiLoans.com has been helping small businesses on Amazon by providing easy access to working capital, which enables our selling partners to grow their business,” added Vivek Somareddy, Director of Fulfillment Channels at Amazon India.
FlexiLoans has disbursed over 10,000 loans to merchants on e-commerce websites across the country with average ticket size of INR 4 to 5 lakhs towards thousands of applications received from its partnered e-commerce companies. This year, it has seen a 250% jump in the applications from E-commerce sellers in the months of August and September 2019 vis-a-vis the last 6 months.
Lately, FlexiLoans has disbursed over Rs. 500 crore of unsecured business loans across 1,000 cities and tier 1 to 4 towns in a span of about 3 years of its operations by deploying data and tech-oriented credit models for analyzing MSMEs across India. It now receives over 1 lakh applications from about 4,500 tier 1 to tier 4 cities on a monthly basis.