Bengaluru: Digital enterprise Arzooo.com has launched a digital credit score product for on-line retailers referred to as ‘Arzooo Credit score’, which can present a working capital cushion to Arzooo’s companion shops.
With Arzooo Credit score, retailers can avail Rs 1 lakh to Rs 10 lakh credit score simply by a paperless platform. Fast entry to credit score is particularly useful at a time when the retail sector is making an attempt to get again on its toes after months of halt.
“Credit score is integral to retail. Arzooo Credit score is a big step ahead in creating working capital headroom that can assist retailer homeowners conduct their enterprise seamlessly,” Arzooo CEO and Co-founder Khushnud Khan, stated, saying Arzooo Credit score.
At current, Arzooo Credit score is on the market to over 5,000 retailers throughout 10 cities.
A digital lending answer, the platform additionally has a easy contact re-payment choice.
Arzooo seeks to empower offline shops to compete successfully with bigger e-commerce web sites. With the credit score service, Arzooo goals to resolve the instant working capital wants of offline retailers, which is difficult to satisfy throughout a stoop or seasonal spikes.
An announcement from the corporate stated Arzooo additionally helps its companion electronics retail shops handle their persistent drawback of stock choice, pricing, and sourcing provide chain.
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