We are proud to announce a strategic partnership with Fracxn, a pioneer in providing instant financing solutions for SMEs. This collaboration will offer a comprehensiv suite of financing solutions to SMEs, enabling them to overcome cash flow challenges and achieve sustainable growth.
Partnership Overview:
The partnership between CredibleX and Fracxn brings together two innovative companies dedicated to transforming the financial landscape for SMEs. This collaboration will provide SMEs with access to a variety of financial solutions tailored to their unique needs.
Key Solutions Offered:
1. Instant Financing and Settlement: SMEs get instant settlement, ensuring businesses receive funds immediately, facilitating smooth operations and growth opportunities.
2. Receivables Financing: SMEs receive money against unpaid invoices from their clients, bridging the often painful gap between the time their services are
provided and getting money in the bank.
3. Revenue Based Financing: SMEs receive money against their expected future revenue through online platforms. This provides SME with the convenience of money in their bank account and a zero hassle repayment process.
4. Payables Financing: SMEs’ invoices are paid fully on large, bulk payments that can hurt cash flow such as supplier payments or annual renewals, and repayments are made in the future, providing flexibility for the SME to meet their financial demands
5. BNPL for Businesses: Through Buy Now, Pay Later (BNPL), SMEs can make necessary large purchases and repay over time, enhancing their ability to manage finances and smoothen their cashflow or invest in growth.
Leadership Statements:
“At Fracxn, our mission is to empower SMEs with secure and seamless instant financing and settlement solutions,” said Punit Thakker, Founder & CEO at Fracxn. “Partnering with CredibleX allows us to extend our capabilities and provide a more holistic financial solution to SMEs, helping them overcome cash flow challenges and focus on growth.”
“We are thrilled to partner with Fracxn to offer integrated and embedded financing solutions that address the critical cash flow needs of SMEs,” said Anand Nagaraj, CoFounder and CEO of CredibleX. “Together, we simplify access to financing and provide businesses with the tools they need to manage their finances efficiently and effectively.”
