VANCOUVER, British Columbia, July 8, 2018 /PRNewswire/ — Citrusxchange Inc., a Canadian Fintech start-up company, has launched its Blockchain based platform and is set to roll out its platform soon. The company’s platform caters to small and medium enterprises seeking supply chain financing and invoice financing.
The platform was developed under the prestigious Co-Innovation Lab Program of SAP SE Germany. Accessible to customers under the name “Kwikxchange,” the company is set to expand into India, Kenya, Indonesia and UAE, and will further its operations within North America as well.
Kwikxchange offers a seamless and convenient way for on boarding borrowers, and is significantly faster than the conventional methods used to apply and submit requirements for supply chain and invoice financing products offered by various banks and other finance companies. Through the digital platform, SMEs from anywhere can apply for a loan from multiple lenders and banks by simply visiting www.kwikxchange.com.
SMEs are not only able to get near-instant access to financing but are able to better focus on running their business as well. A seamless connectivity to Credit agencies supports the quick onboarding process with detailed credit reports.
An inbuilt scoring engine does a quick calculation of the forecasted business enabling underwriters to make quick decisions. “SMEs are the backbone of global economies with a credit gap of around $2 trillion. Read more from markets.businessinsider.com…
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