Solv had announced commercial launch of its platform in Q4 of 2020 and has supported 50,000 KYC-verified MSMEs with over 30% month-on-month growth in GTV on the platform in the last six months, with an aggregate value of around Rs 250 crore of business till date.
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For the partnering fintechs and NBFCs, the BNPL offering helps them increase their volumes of loan disbursal.
It is also giving them a way to evaluate a customer s credit behaviour without incurring a risk.
SOLV’s technology platform enables lending partners lower cost to serve and thereby finance invoices as small as Rs 3,000.
Bolstering SOLV’s financial services offering for MSMEs is its proprietary alternate credit score, SOLV SCORE which uses AI and ML to create a comprehensive score card for MSMEs with their traditional and alternate data.
BENGALURU: SOLV, a B2B e-commerce platform for micro, small and medium enterprises (MSME), has announced the launch of a Buy-Now-Pay-Later (BNPL) product for MSME buyers and sellers on its platform. BNPL as a concept has already made inroads into the consumer retail sector and seen significant success there, especially in the last year.
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