• Latest
  • Trending
  • All
Struggling to Get a Business Loan Now Borrow Money Instantly with Razorpay’s ‘Cash Advance’ Credit Line

Struggling to Get a Business Loan Now Borrow Money Instantly with Razorpay’s ‘Cash Advance’ Credit Line

September 8, 2020
Krishna Shroff shares sizzling bikini picture to celebrate birthday,  Disha Patani and Tiger reacts

Krishna Shroff shares sizzling bikini picture to celebrate birthday, Disha Patani and Tiger reacts

January 21, 2021
Bigg Boss 14: ‘Rahul Vaidya ek aisi hasti hai, jispe sari ladkiya hasti hai,’ says Rakhi Sawant

Bigg Boss 14: ‘Rahul Vaidya ek aisi hasti hai, jispe sari ladkiya hasti hai,’ says Rakhi Sawant

January 21, 2021
Disha Patani on Salman Khan’s Radhe releasing in theatres: I am super-excited that our audience will catch the action on the big screen

Disha Patani on Salman Khan’s Radhe releasing in theatres: I am super-excited that our audience will catch the action on the big screen

January 21, 2021
Varun Dhawan-Natasha Dalal’s Luxurious Wedding Venue In Alibaug REVEALED

Varun Dhawan-Natasha Dalal’s Luxurious Wedding Venue In Alibaug REVEALED

January 21, 2021
Flipkart infuses Rs 175 Cr into Myntra

Flipkart infuses Rs 175 Cr into Myntra

January 21, 2021
Elon Musk Finally Responded to a Game Developer Who Tweeted to Him For Over 154 Days

Elon Musk Finally Responded to a Game Developer Who Tweeted to Him For Over 154 Days

January 21, 2021
Cristiano Ronaldo ‘greatest-ever’ goal-scorer as Juventus star takes tally to 760 in Italian Super Cup triumph

Cristiano Ronaldo ‘greatest-ever’ goal-scorer as Juventus star takes tally to 760 in Italian Super Cup triumph

January 21, 2021
Giorgia Andriani sets internet  on fire each time she dons a bikini

Giorgia Andriani sets internet on fire each time she dons a bikini

January 21, 2021
Vladimir Putin, Russian President Takes a Dip in Icy Waters as Believers Mark Orthodox Epiphany, View Pics

Vladimir Putin, Russian President Takes a Dip in Icy Waters as Believers Mark Orthodox Epiphany, View Pics

January 20, 2021
Alaya F looks perfect fashion diva in this golden dress

Alaya F looks perfect fashion diva in this golden dress

January 20, 2021
Twitter Rejoices As Nobita Finally Marries Shizuka In Upcoming ‘Doraemon’ Movie

Twitter Rejoices As Nobita Finally Marries Shizuka In Upcoming ‘Doraemon’ Movie

January 20, 2021
Gujarat Government Renames Dragonfruit To ‘Kamalam’, Twitter Reacts

Gujarat Government Renames Dragonfruit To ‘Kamalam’, Twitter Reacts

January 20, 2021
Friday, January 22, 2021
Buzzyoo
  • Home
  • Viral
  • Trending
  • World
  • BuzzyooTV
  • Sci & Tech
  • Fashion & Lifestyle
    • All
    • Romance
    Alaya F looks perfect fashion diva in this golden dress

    Alaya F looks perfect fashion diva in this golden dress

    Disha Patani makes a bold ‘winter’ fashion statement in a high neck super crop sweater

    Disha Patani makes a bold ‘winter’ fashion statement in a high neck super crop sweater

    Neha Malik sets internet on fire with her bold bikini photos

    Neha Malik sets internet on fire with her bold bikini photos

    Aashka Goradia’s stunning swimwear pics can’t be missed

    Aashka Goradia’s stunning swimwear pics can’t be missed

    Esha Gupta Looks Sexy in Sultry Instagram Posts, Check Pics

    Esha Gupta Looks Sexy in Sultry Instagram Posts, Check Pics

    Shanaya Kapoor’s latest photoshoot is hot and sizzling, see pics

    Shanaya Kapoor’s latest photoshoot is hot and sizzling, see pics

    Naagin 5 actress Surbhi Chandna looks very hot in her latest pics

    Naagin 5 actress Surbhi Chandna looks very hot in her latest pics

    Shehnaaz Gill looks stunning in pink sweater, gives perfect winter goals

    Shehnaaz Gill looks stunning in pink sweater, gives perfect winter goals

    Sara Ali Khan Gives Winter Fashion Goals With Her Christian Dior Poncho and Suede Boots

    Sara Ali Khan Gives Winter Fashion Goals With Her Christian Dior Poncho and Suede Boots

  • Cricket
  • ENTERTAINMENT
    Krishna Shroff shares sizzling bikini picture to celebrate birthday,  Disha Patani and Tiger reacts

    Krishna Shroff shares sizzling bikini picture to celebrate birthday, Disha Patani and Tiger reacts

    Bigg Boss 14: ‘Rahul Vaidya ek aisi hasti hai, jispe sari ladkiya hasti hai,’ says Rakhi Sawant

    Bigg Boss 14: ‘Rahul Vaidya ek aisi hasti hai, jispe sari ladkiya hasti hai,’ says Rakhi Sawant

    Disha Patani on Salman Khan’s Radhe releasing in theatres: I am super-excited that our audience will catch the action on the big screen

    Disha Patani on Salman Khan’s Radhe releasing in theatres: I am super-excited that our audience will catch the action on the big screen

    Varun Dhawan-Natasha Dalal’s Luxurious Wedding Venue In Alibaug REVEALED

    Varun Dhawan-Natasha Dalal’s Luxurious Wedding Venue In Alibaug REVEALED

    Giorgia Andriani sets internet  on fire each time she dons a bikini

    Giorgia Andriani sets internet on fire each time she dons a bikini

    Disha Patani Looks Stunning In A Neon Fluorescent Bikini, Check Out

    Disha Patani Looks Stunning In A Neon Fluorescent Bikini, Check Out

    Salman Khan shares post with Shera, fans think bodyguard is in Antim too

    Salman Khan shares post with Shera, fans think bodyguard is in Antim too

    ‘Everyone knows that t**s are prettier than b***s’: Miley Cyrus on preferring women over men

    ‘Everyone knows that t**s are prettier than b***s’: Miley Cyrus on preferring women over men

    Emma Roberts opens up on being pregnant during COVID-19 pandemic

    Emma Roberts opens up on being pregnant during COVID-19 pandemic

  • News
Buzzyoo
No Result
View All Result

Struggling to Get a Business Loan Now Borrow Money Instantly with Razorpay’s ‘Cash Advance’ Credit Line

by BuzzYoo
September 8, 2020
in Business
3 min read
0
Struggling to Get a Business Loan Now Borrow Money Instantly with Razorpay’s ‘Cash Advance’ Credit Line
Share on FacebookShare on Twitter

The pandemic has not only knocked off revenues of MSMEs’ but also disturbed their hopes of survival. In a bid to rescue MSMEs and improve their cash flows, Razorpay, the leading full-stack financial solutions company, today launched a collateral free line of credit, ‘Cash Advance’ for businesses. With Cash Advance, MSMEs can borrow working capital with a credit limit of 50000 to 10 Lakh, within 10 seconds through the Razorpay dashboard, depending upon the credit history of the business.

 

RelatedPosts

Nimbella, Postman and HackerEarth Announce 2 Weeks Coding Tourney #DeveloperIPL 2020 Game

The World’s First Online Service Booking for Event Management & Wedding Planning is here

Ujwal Nirgudkar Appointed as Member of Oscar Academy’s Science & Technology Council

Global analytics company CRISIL found that during these downturns, micro and small enterprises are unable to manage working capital challenges as easily as their large and medium peers. India has more than 63Mn MSMEs, 40% of MSMEs have availed loans from formal channels like banks and lending institutions while 60% don’t have easy access to working capital loans. While the government continues to offer schemes that will benefit MSMEs, most of them have only been able to partially take advantage of it, primarily because the accessibility of such services is based on collateral, size, vintage and credit history of business. Also, under govt schemes, businesses are required to be qualified as an MSME, as strictly defined by the government to avail loans from banks.

 

Having spoken to MSMEs, Razorpay found that small manufacturers, e-commerce sellers and service providers needed cash for ongoing expenses even before they received payments from customers & vendors. For instance, e-commerce sellers need working capital loans to stock up at short notice in order to continue selling as per demand. Even suppliers have been struggling to deliver critical components to manufacturers, thereby halting the manufacturing process, resulting in mounting losses.

 

Razorpay’s Cash Advance offers relief by providing collateral-free loans before sales and payments happen, which ideally takes 5-15 days for small businesses.

 

Cash Advance uses merchants payment history (not just credit history) to approve a credit offer within a few hours or instantly in some cases. Once approved, businesses can withdraw additional money whenever they need and repay whenever they want. Withdrawal is instant and businesses will receive money within a few seconds. Businesses will be enabled on the ‘Cash advance’ feature with renewal every 6 months or 12 months along with easy auto-repayment options.

 

Launching an instant working capital solution for businesses with urgent cash needs, Shashank Kumar, CTO & Co-founder of Razorpay said, “A number of businesses now have been facing weeks, if not months, of revenue loss due to insufficient funds thereby putting unanticipated pressure on liquidity. Most of the operational expenses are still done in cash on a day-to-day basis. So when businesses have urgent cash requirements, they often leverage personal connections with other vendors or borrow cash from informal channels. With the Razorpay ‘Cash Advance‘, a short-term credit line, we want to improve the cash-flows of our partner businesses by making the unpredictable financing process exceptionally easy, instant, and less stressful. We understand their problems and so our solution is designed in a way that it doesn’t require businesses to have a high credit score or other unrealistic requirements to avail short-term loans. We hope to support and empower as many businesses as we can with up to 100 Crores of credit by the end of this year.”

 

With the launch of ‘Cash Advance’, the company with its tech-enabled services hopes to support and revive the capital-starved SMEs, improve their cash flows with time and help make informed decisions.

 

About Razorpay Software Private Limited

Razorpay, a full-stack financial services company, helps Indian businesses with comprehensive and innovative solutions built over robust technology to address the entire length and breadth of the payment and banking journey for any business. Established in 2014, the company provides technology payment solutions to over 8Mn+ businesses. Founded by alumni of IIT Roorkee, Shashank Kumar and Harshil Mathur, Razorpay is the second Indian company to be a part of Silicon Valley’s largest tech accelerator, Y Combinator. Marquee investors such as Tiger Global, Sequoia India, Ribbit Capital, Matrix Partners, Y Combinator and MasterCard have invested a total of $106.5 Mn through Series A, B and C funding. Around 33 angel investors have invested in Razorpay’s mission to simplify payments and banking and redefine how finance works in India.

This post is automatically published via newsvoir.com

Share2Tweet1Share
BuzzYoo

BuzzYoo

Related Posts

Nimbella, Postman and HackerEarth Announce 2 Weeks Coding Tourney #DeveloperIPL 2020 Game
Business

Nimbella, Postman and HackerEarth Announce 2 Weeks Coding Tourney #DeveloperIPL 2020 Game

October 6, 2020
The World’s First Online Service Booking for Event Management & Wedding Planning is here
Business

The World’s First Online Service Booking for Event Management & Wedding Planning is here

October 6, 2020
Ujwal Nirgudkar Appointed as Member of Oscar Academy’s Science & Technology Council
Business

Ujwal Nirgudkar Appointed as Member of Oscar Academy’s Science & Technology Council

October 6, 2020
Vision to Empower Over 10 Lakh Girl Child by 2030: BBG Foundation
Business

Vision to Empower Over 10 Lakh Girl Child by 2030: BBG Foundation

October 5, 2020
Load More
Buzzyoo

Copyright © 2019 Buzzyoo.

Links

  • About Us
  • Advertise with us
  • Privacy Policy
  • Terms and Conditions
  • Politics
  • Business
  • Travel
  • FOOD & DRINKS

Follow Us

No Result
View All Result
  • Home
  • Viral
  • Trending
  • World
  • BuzzyooTV
  • Sci & Tech
  • Fashion & Lifestyle
  • Cricket
  • ENTERTAINMENT
  • News

Copyright © 2019 Buzzyoo.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In