
Jaipur (Rajasthan) [India], October 27: 121 Finance, an RBI registered NBFC, focused on Short Term Working Capital Finance, has become one of the first lenders on GeM SAHAY and hence one of the earliest adopters of OCEN (Open Credit Enablement Network). This Government e-Marketplace SAHAY initiative brings a complete financing solution for sole proprietors to avail instant, frictionless financing to help fulfil government orders. With this, 121 Finance joins ICICI Bank and UGRO capital on this platform.
121 Finance has built a proprietary technology stack that can provide end-to-end digital loans as low as Re.1. Passionate about Working Capital Management, Dr Ravi Modani founded 121 Finance, now present in 86 cities across the country. 121 Finance offers various innovative products ranging from Invoice Discounting to Factoring; Purchase Finance to Credit Coverage solutions like 121 Smart Credit as Channel Finance from Distributors to Dealers.
GeM Sahay opens up a multibillion-dollar opportunity with almost 50 lakh products, a transaction value of Rs.147,000 crores, and 29 lakh registered suppliers. “Going live on GeM Sahay also opens a huge opportunity to act as co-lending partners and tech-enabled lending partners to various banks. Being able to disburse a loan in less than 10 minutes of the application being made is a showcase of the technical competence, agility, maturity, and disruption in Trade Finance with innovative, customised solutions. 121 Finance uses its own proprietary algorithm named RACE(), which is based on machine learning to enhance the deliverables and also underwrite risk, without the involvement of human emotion.”, says Dr. Ravi Modani, Founder & CEO, 121 Finance.
Shri Prashant Kumar Singh, CEO Government eMarketplace, says, “It is great to have 121 Finance onboard to provide cash flow based loans. Purchase order financing will help MSMEs accept larger purchase orders and hence provide a boost to economic activity.”
I am constantly thought about this, thank you for posting.
Hello! This is my first visit to your blog!
We are a group of volunteers and starting a new project in a community in the same niche.
Your blog provided us beneficial information to work on. You have
done a marvellous job!
Ahaa, its fastidious conversation about this paragraph here at this blog, I have read all that, so at this time me also commenting at this place.
You could certainly see your expertise within the work you
write. The world hopes for more passionate writers
such as you who aren’t afraid to mention how they believe.
All the time follow your heart.
I?¦m now not sure the place you’re getting your information, but great topic. I must spend some time studying more or understanding more. Thank you for excellent information I used to be searching for this information for my mission.
Utterly pent written content, appreciate it for selective information. “You can do very little with faith, but you can do nothing without it.” by Samuel Butler.
Hiya very nice web site!! Man .. Excellent .. Amazing .. I will bookmark your website and take the feeds also…I am satisfied to seek out numerous helpful info right here within the put up, we’d like work out extra techniques on this regard, thank you for sharing. . . . . .
I do not even know how I ended up here, but I thought this post was great. I don’t know who you are but definitely you’re going to a famous blogger if you are not already 😉 Cheers!
I’m still learning from you, while I’m trying to achieve my goals. I certainly liked reading all that is written on your site.Keep the tips coming. I loved it!
Real superb info can be found on weblog. “Many complain of their memory, few of their judgment.” by Benjamin Franklin.
There are some fascinating cut-off dates on this article however I don’t know if I see all of them center to heart. There is some validity but I’ll take maintain opinion until I look into it further. Good article , thanks and we wish more! Added to FeedBurner as nicely
Halo moje imię to Wiesław. Adwokat Rzeszów zdobędziesz nawet mając komornika na wynagrodzeniu. W chwili obecnej moim miejscem zamieszkiwania jest kapitalne miasto Starachowice. Adwokat Rzeszów w Polsce a lichwiarskie pożyczki w parabankach.
Hiya! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My weblog looks weird when browsing from my iphone 4. I’m trying to find a theme or plugin that might be able to resolve this issue. If you have any recommendations, please share. Cheers!
I conceive this web site has some rattling excellent information for everyone :D. “Do not go where the path may lead, go instead where there is no path and leave a trail.” by Ralph Waldo Emerson.
I like what you guys are up also. Such intelligent work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my site 🙂
I genuinely enjoy reading through on this site, it contains excellent posts. “The living is a species of the dead and not a very attractive one.” by Friedrich Wilhelm Nietzsche.
Wow! Thank you! I constantly needed to write on my site something like that. Can I take a portion of your post to my website?
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.
What¦s Taking place i am new to this, I stumbled upon this I’ve found It positively useful and it has helped me out loads. I’m hoping to contribute & aid other customers like its aided me. Good job.
Wonderful blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thanks
so much great info on here, : D.
Utterly pent content, thank you for information. “You can do very little with faith, but you can do nothing without it.” by Samuel Butler.
Just a smiling visitant here to share the love (:, btw outstanding style and design. “Make the most of your regrets… . To regret deeply is to live afresh.” by Henry David Thoreau.
Yoou rewlly mske it appear really eady together witth youur presenation but
I in fiinding this mawtter to be really one thing which I thnk
I’d never understand. It kind off feels too complicated and
very broad for me. I’m having a look ahead iin your
net submit, I will attempt tto geet the hang off it!
What’s up too all, how is all, I think every onne iss getting morde
from ths website, annd your views aree goiod iin support
of nnew people.
Very efficiently written story. It will be beneficial to anybody who employess it, including myself. Keep doing what you are doing – i will definitely read more posts.
Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!
I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did you hire out a developer to create your theme? Excellent work!
Lovely just what I was looking for.Thanks to the author for taking his clock time on this one.
What i don’t understood is actually how you are not really much more well-liked than you might be now. You’re very intelligent. You realize thus significantly relating to this subject, made me personally consider it from numerous varied angles. Its like women and men aren’t fascinated unless it is one thing to accomplish with Lady gaga! Your own stuffs excellent. Always maintain it up!
I gotta favorite this site it seems very helpful very useful