Categories: BankingBusiness

Biz2X & Network’s new SME financing partnership

Biz2X, a global technology and financing fintech company, and Network International (Network), a prominent facilitator of digital commerce in the Middle East and Africa, have announced a new SME financing partnership.

The partnership’s main goal is to give Network’s SME merchants access to new funding sources by using payment transaction data and real-time credit information to loan underwriters.

Using Network’s payments platform, merchants can choose from a range of integrated credit offers through Biz2X and have digital access to financing options.

Network’s SME merchants in the UAE should have access to financing options through this partnership by the first quarter of 2024.

What are the advantages?

1. Quick Capital Availability for Merchants: With loan processing times as short as 48 hours, this platform will provide Network’s merchants with quick access to financing alternatives.

2. Data-Driven Financing: The Biz2X platform prequalifies merchants for financing by utilizing Network’s merchant transaction and settlement data, which drastically lowers documentation requirements and speeds up approvals.

3. Smooth Onboarding Process: The integration of Biz2X’s lending solution within Network’s platform will enable merchants to experience a quick and easy loan onboarding process.

4. Multi-Lender Finance Ecosystem: Top offers from several lenders, such as banks and alternative finance providers, will be matched with merchants.

5. End-to-End Loan Lifecycle Management: By providing real-time oversight and continuous digital monitoring of their active loan portfolios, lenders can improve regulatory compliance and minimize risk.

Business Now Desk

Recent Posts

AI ML Universe: Unlocking the Future of AI & Machine Learning

AI ML Universe provides regular blog updates and a specialized newsletter to educate students about…

5 days ago

CEO of the Week: FIVE Holdings Founder Kabir Mulchandani

Kabir Mulchandani was born and brought-up in Mumbai, India

6 days ago

TRE Energy: Pioneering Renewable Energy Solutions in the UK and Ireland

TRE Energy is at the forefront of renewable energy innovation, with customized solar, wind, battery…

2 weeks ago

Octave Marketing Studio: Boosting Growth for B2B SaaS & Professional Services

At the core of Octave’s approach is a suite of services designed to streamline operations,…

2 weeks ago

Analytic Pixel Pro: Unlocking the Power of Digital Analytics with Server-Side Tracking

Analytic Pixel Pro also offers personalized dashboards in Looker Studio to assist companies in visualizing…

3 weeks ago

Bridging AI Innovation and Cybersecurity: An Exclusive Interview with Kevin Bramwell Grant

In an evolving space like artificial intelligence, significant time and effort go into research and…

3 weeks ago