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

Elite Backend Systems and AI Solutions by ADVIZR AI: Changing How Businesses Run

Advizr’s AI-backed systems are engineered to do one thing: unlock scale. By replacing repetitive workflows,…

19 hours ago

LARGENCE: Redefining Legal Access for the Next Generation of Builders

LARGENCE is setting a new benchmark where anyone can draft, comprehend, and manage their own…

3 days ago

“Design is the New Source Code”: How BudoBoost is Transforming the Future of Software Creation

The traditional software stack wasn’t built for rapid iteration or inclusive collaboration. It’s too often…

1 week ago

Cubish: Building the World’s First Spatial Web One Cube at a Time

In a world increasingly shaped by digital realities, Cubish is pioneering the next transformative layer…

1 week ago

Mundibusiness: Revolutionizing Business Intelligence for SMEs

Business Now had the opportunity to talk with Rafael David Benito Crespo, the founder of…

2 weeks ago

CareersBar: Where Global Talent Meets AI-Powered Hiring and Career Well-being

CareersBar's MVP is now formally live following months of intense development and user feedback, offering…

4 weeks ago