Category

img
A Complete Guide to understand the process of Video KYC

A Complete Guide to understand the process of Video KYC?

During the COVID-19 pandemic, board meetings, family gatherings, new product releases, and other activities are taking place via video conferences. Banks are not far off in terms of implementing video network technologies to onboard new customers and complete the Know Your Customer (KYC) process. According to Reserve Bank of India (RBI) regulations, the KYC mechanism …

Read More
Vendor Financing – Understand Benefits, Types, Eligibility, Documents?

Vendor Financing – Understand Benefits, Types, Eligibility, Documents?

Accounts Receivable or invoice Financing is an asset-based borrowing method. In this method, companies can raise funds against the amounts recoverable from the customers. Invoice financing companies or Invoice financing NBFC helps various enterprises or MSME’s to boost their cash flow for paying their third party stakeholders, employees and reinvesting the funds for expansion and …

Read More
How FlexiLoans Has Made It Easy To Get A Business Loan

How FlexiLoans Has Made It Easy To Get A Business Loan

Small businesses often find themselves stuck in need of extra capital to meet their expenses and expand their operations. FlexiLoans understands the needs of SMEs and provides them with hassle-free loans quickly. Unlike a traditional bank, FlexiLoans is a reliable digital platform that requires a proper financial history.  The platform offers a variety of loans …

Read More
How is Fintechs Transforming the Digital Lending Services across India?

How is Fintechs Transforming the Digital Lending Services across India?

FinTech, short for Financial Technology, is software that eases the process of performing financial services using technology. The concept of Financial Technology is constantly evolving. Initially, when it first started, its primary focus was traditional banking transactions. However, today FinTech is an efficient tool for any kind of financial transaction.  In other words, FinTech or …

Read More
How-Can-You-Measure-The-Financial-Health-of-Your-Business

How Can You Measure The Financial Health of Your Business

Running a business can be tricky at times. One needs to constantly monitor the finances of one’s business for measuring the financial health of a business. Any negligence may put the company into losses. If you are an investor, then your foremost task before investing is analyzing the company’s financial health. A business may incur …

Read More
MSME sector’s contribution to India’s GDP?

MSME sector’s contribution to India’s GDP?

Micro, small, and medium enterprises (MSMEs) constitute an important segment of the Indian economy. It is one of the largest employment-generating segments, with over 110 million people working in an MSME contributing approximately 30% of India’s gross domestic product (GDP). There is scope for further growth, with the number of MSMEs having grown by a …

Read More
5 Things To Ask Yourself Before You Get A Business Loan

5 Things To Ask Yourself Before You Get A Business Loan

It is impractical to think that you can do a business without sufficient capital. Whether your organization is big or small, capital is the essence to run your business. Arranging capital is the groundwork for a successful business. You can kick start a venture with an easy business loan. A steady cash flow propels the …

Read More
Is Getting Funds From Invoice Financing Company A Good Idea For Your Business?

Is Getting Funds From Invoice Financing Company A Good Idea For Your Business?

Micro, Small, and Medium Enterprises (MSMEs) play a vital role in boosting the country’s economy. These enterprises face major issues like scarcity of funds, especially the conversion of bill receivables into liquid funds. In collaboration with RBI, resolving such issues, the Government of India introduced the concept of “Invoice Financing.” MSMEs contribute almost 45% to …

Read More
Future Of Business In India And How Flexiloans Can Help You

Future Of Business In India And How FlexiLoans Can Help You

Profitability and growth are two sides of the same coin. Businesses can show prospects of growth when it is earning a decent profit. The monetary gains are reinvested in the business to ensure growth. Thus, the future of business in India and its development is dependent on the degree of profit-making or cash inflow. Apart …

Read More
How Credit Card Users Can Maintain A Healthy Credit Score?

How Credit Card Users Can Maintain A Healthy Credit Score?

Credit card or plastic money is pre-approved funding to pay merchants for goods and services purchased. There are approximately 52 million credit card users in India alone, making it one of the most preferred modes of payment. The universal acceptance of credit cards and the convenience of use is another reason for soaring credit card …

Read More