Hundreds of SMEs to benefit from this partnership
RSA Global has announced a strategic partnership with Dubai based Invoice Bazaar, a SME Financial Inclusion start-up to help businesses get liquidity towards making supplier payments in the form of Inventory Finance.
This partnership with Invoice Bazaar allows RSA Global to introduce financing options to RSA customers to get liquidity against inventory held at RSA facilities.
A number of SMEs in the emerging markets have limited access to financing. Inventory held by businesses is a tangible asset but the lack of a structure to collateralize the inventory poses working capital challenges for businesses. The solution proposed would benefit businesses that deal with generic fast-moving commodities and goods that are liquid in nature.
The structure allows businesses to avail supplier payment lines against the inventory held as a collateral for a maximum tenor of 90 days. Businesses that expect to liquidate their inventory within three months would find this solution attractive as they can generate cash to procure more without waiting for the existing inventory to be fully sold.
“Invoice Bazaar is the perfect fit for us. This partnership enables us to open the door to our existing customers that already have shown a lot of interest in availing these services. This solution is also beneficial to SMEs as they would be able to find a one stop solution for their supply chain as well as working capital requirements,” affirmed Abhishek Ajay Shah, Co-Founder and Group CEO, RSA Global.
“The partnership with RSA Global gives us ready access to a large pool of customers that use RSAs logistics facilities in the UAE,” noted Anand Nagaraj, Co-founder and CEO, Invoice Bazaar.
