Yubi Forms Strategic Partnership with Indian Bank to Provide Digital Supply Chain Financing Solutions to SMEs
Yubi, a renowned worldwide integrated credit platform, has formed a strategic partnership with Indian Bank to provide advanced digital supply chain financing solutions to small and medium-sized enterprises (SMEs) in India.
The primary objective of this partnership is to address the financing needs of small and medium-sized enterprises (SMEs) and support their development and expansion. By utilizing the advanced technology and platform offered by Yubi, Indian Bank aims to digitalize and enhance its supply chain financing (SCF) portfolio, specifically focusing on vendor and dealer financing. The target audience for these solutions includes large corporations whose business partners are SMEs encountering challenges in obtaining credit access.
“We are thrilled to scale our partnerships and establish ties with public sector banks for supply chain financing (SCF). Our partnership with Indian Bank marks a significant milestone in our journey. Dealers and suppliers of large corporations, primarily from the MSME segment, are expected to benefit significantly from this development. We will provide them easy access to working capital finance at favourable terms and pricing, ultimately boosting their business growth,” said Gaurav Kumar, Founder and CEO, Yubi.
Read More News :
Delhi-based Pepcoding is purchased by Edtech Scaler in an undisclosed transaction
Microsoft and Accenture will support 13 Indian social impact startups
.jpg "Caim By Arelang: India's First CandyCeuticals Company Offering Nutraceuticals in Irresistibly Tasty Treats")
