FlexiLoans.com has partnered with Retailio, a B2B healthcare marketplace to provide working capital loans to its 100,000+ retailers and distributors pan India.
This partnership aims to fund over 15,000+ pharma retailers in the next 18 months. It will enable the pharmacies to cater to the increased demand for healthcare products and stock holding period by ensuring that funding for their working capital needs are taken care of digitally within 24- 48 hours of them applying for a loan.
The seamless lending integration with Retailio took less than 2 weeks given FlexiLoans.com’srobust plug & play Architecture. The retailers on Retailio will benefit from FlexiLoans's Co-lending platform - BiFrost with access to a wide range of lenders and seamless digital on-boarding.
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 inception in 2016,Flexiloans.com has disbursed more than Rs. 1000 Crores to more than 30,000+ customers across 1500+ cities across India. It receives over 100,000 applications per month, largely from Tier II, III and Tier IV cities in India.By the end of this year, it aims to hit an annualized disbursal run-rate of 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 Retailer and distributors on the Retailio platform