Satish Sudhakar from Bangalore has been running Digimart Technologies since 2013. Selling on e-commerce platforms such as Amazon and Flipkart, he came across FlexiLoans as a lending partner on the Flipkart panel. He applied on our platform in 2016 and obtained a term loan of Rs.15 lakhs for his working capital requirements. Satisfied with the easy process, he has taken 4 more term loans, his most recent one of Rs.50 lakhs in December 2017, with increased eligibility due to timely repayment.
When asked if he has ever approached a bank, he says he believes only channel finance lenders will understand the working capital loan requirements of e-commerce sellers like him. Such lenders know the importance of business expansion and working capital cycles better than banks. Through Amazon and Flipkart, he applies to the channel finance options available. Hence, he has never tried approaching a bank for his funding requirements.
His experience with FlexiLoans has been very good. Right from the application to processing, disbursement, and repayment, he has found it to be seamless. He gave FlexiLoans a rating of 9 on 10 and shall recommend it to all channel business partners!