Flexiloans.com partners with Retailio

FlexiLoans.com has partnered with B2B healthcare marketplace, Retailio to give working capital loans to its 100,000+ retailers and distributors across the country.

This partnership intends to finance more than 15,000 pharma retailers in the next 18 months. It will allow the pharmacies to serve the risen demand for healthcare products and stock holding period by ensuring that financing for their working capital needs is taken care of digitally within 24- 48 hours of them applying for a loan.

The smooth lending alliance with Retailio took under 2 weeks given FlexiLoans.com’s sturdy plug & play Architecture. The retailers on Retailio will benefit from FlexiLoans’s Co-lending platform – BiFrost with access to a broad range of lenders and smooth digital on-boarding.

Commenting on the partnership, Deepak Jain, Co-Founder- FlexiLoans said “The Indian Pharmacy market is a USD 40bn market and operates in the remotest town in the country and often these units require timely and adequate funds for seasonal spikes, new product launches, and business expansion. FlexiLoans.com has been expanding its ecosystem partnerships to provide the small business the best lending proposition via our Co-lending platform and our partnership with Retailio is an imminent one in this direction”

Since its launch in 2016,Flexiloans.com has extended over Rs. 1000 Crores to more than 30,000 customers across 1500+ cities in the country. It gets more than 100,000 applications per month, mostly from Tier II, III, and Tier IV cities in India. By the end of this year, it intends to reach an annualized disbursal run-rate of more than Rs 1000 Crs in a single year.

Rohit Anand, Head – Fintech – Retailio said, “One of the core business requirements of our retailer base is enabling seamless financial products for their core purchases. FlexiLoans has been at the forefront of digital providing multiple lending products via its strong technology interface and credit models and will unlock many opportunities for our Retailers and distributors on the Retailio platform.

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For publishing an advertorial article about your company on our website, drop an email at taniya@startuplanes.com