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New normal: converting a crisis into an opportunity it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
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PayPal, FlexiLoans.com to offer MSMEs collateral-free loans sierraleonetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sierraleonetimes.com Daily Mail and Mail on Sunday newspapers.
PayPal, FlexiLoans.com to offer MSMEs collateral-free term loans ANI | Updated: Apr 06, 2021 12:45 IST Mumbai (Maharashtra) [India], April 6 (ANI): Global leader in digital payments PayPal on Tuesday entered into a partnership with FlexiLoans.com, a leading digital lending platform to provide freelancers, women entrepreneurs, sole proprietors and MSMEs with collateral-free business loans. Through this partnership, PayPal said it further reiterates its commitment to democratise access to financial services by bringing the global best practices and credit solution capabilities to Indian merchants who sell cross border using PayPal. PayPal with FlexiLoans.com will aim to offer MSMEs with working capital for business expansion, purchasing stock, inventory and other business-related expenditures. ....
The partnership aligns with PayPal’s mission to provide innovative credit solutions. It will enable borrowers to access term loans from Rs 50,000 upto Rs 10,000,000 that requires minimum documentation to merchants. The loans are currently available to 10,000 PayPal merchants. The interest rates will start at 1% per month and tenures up to 36 months, depending on the credit rating of borrowers. MUMBAI: PayPal entered into a partnership with FlexiLoans to provide freelancers, women entrepreneurs, sole proprietors, and MSME’s with collateral-free business loans. PayPal with FlexiLoans will aim to offer MSME’s with working capital for business expansion, purchasing stock, inventory, and other business-related expenditures. ....