Flipkart Wholesale Cooperates With Davinta To Offer 'Purchase Now Pay Later' Credit Offices To MSMEs And Kiranas

Flipkart Wholesale Cooperates With Davinta To Offer ‘Purchase Now Pay Later’ Credit Offices To MSMEs And Kiranas

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Flipkart Wholesale, the advanced B2B commercial center of Flipkart Group, has collaborated with Davinta, an SME loaning stage, to offer the ‘Purchase Now Pay Later‘ credit office to its retailers, the organization said in a media discharge.

“With BNPL we are now allowing retailers across the country to unlock themselves from cash constraints while purchasing supplies and enjoy simple one-click credit access,” said Ravi Garikipati, CEO, Davinta.

As the economy gradually limps back to typical and the happy season coming up, buyer request is expanding as is the interest for credit among retailers.

“We are confident that this construct will allow more and more of our Kirana and MSMEs members to enjoy the benefit of accessible and affordable credit in the pursuit of their growth on our platform,” said Adarsh Menon, senior vice president, and head, Flipkart Wholesale.

As per the delivery, Flipkart Wholesale’s provider base is relied upon to become 58% in 2021. It saw 17% development in its Kirana client base in January-June 2021 contrasted with a similar period last year. The Kirana client base is projected to additionally develop by 33% in July-December 2021, contrasted with a similar period last year.

Bengaluru-based Davinta was begun by ex-Flipkart CTO Ravi Garikipati and US-based entrepreneur Raj Vattikuti in 2019 and centers around miniature undertakings and the BNPL credit office intended for little retailers.

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