Online B2B marketplace Tolexo has introduced pre-approved credit for its SME customers. The company has tied up with Arthashastra Fintech to provide the credit facility to its customers.

Brijesh Agrawal, CEO, Tolexo said, “The unique payment solution will also facilitate the buyers by featuring a simple, one-click checkout and offering aggregated payment options to club their multiple purchases and make a single payment. This is extremely important for frequent buyers whose propensity to purchase increases with such convenient modes of transaction.“

Buyers will be provided 100% interest free credit for a period of between seven to 23 days, in line with how B2B trade is executed in India. This idea is to create an experience similar to what SME buyers are used to offline and help them make the transition to e-commerce.

Akshat Saxena, Co-Founder, Arthashastra FinTech, said, “We are happy that we have been able to provide a solution to the online B2B buyers of Tolexo, which satisfies a hitherto unmet demand for credit-based buying opportunities online. We do this through our unmatched fraud and credit assessment technology.“

The company combines alternate and traditional data to provide real time sanctioning and disbursal of credit by performing quick assessment of the credit worthiness of individuals and businesses and that too in the least intrusive way. The company is a part of IndiaMART, one of India’s oldest online marketplaces.

Source: Economic Times