Small businesses have always been the lifeblood of any economy, especially in emerging markets. Yet this segment of the market tends to have very limited to no access to financial products required for these enterprises to run and grow their business.
The SME MarketPlace is targeted to enable financial inclusion for SMEs and let entrepreneurs start trade even without own capital. Starting from this core value proposition, the SME MarketPlace is the foundation for a true trading platform, where all participants in the value chain are brought onto a single platform to create an entire ecosystem to service the SME economy. It essentially creates a closed loop trading environment for B2B2C.
The MarketPlace offers a environment in which SMEs can apply for access to an unsecured line of credit. There can be multiple types of lenders backing the service, including traditional financial institutions, microfinance institutions, government, P2P lenders or investors.
Bringing SMEs onto the same a centralized platform is merely the starting point. Building on these core services, the MarketPlace can be integrated with a wealth of additional services to create a true end to end trading platform for the SME market that benefits all stakeholders.
MarketPlace can either be rolled out including a closed loop payment system but could equally be integrated with existing payment systems so small businesses can leverage these electronic payment options and accept payments through cards or closed loop wallet systems.
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