Icon of program: Bridge2Capital Short Term…

Bridge2Capital Short Term Loan For Invoice Finance for Android


Key Details of Bridge2Capital Short Term Loan For Invoice Finance

  • Bridge2Capital - Organising the Unorganised Business...
  • Last updated on February 23, 2020
  • There have been 8 updates
  • Virus scan status:

    Clean (it's extremely likely that this software program is clean)

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Developer's Description

Bridge2Capital - Organising the Unorganised Business...

Bridge2Capital - Organising the Unorganised Business

https://Bridge2Capital.com is the an exclusive domain of Xtracap Fintech India Pvt Ltd , a company with UIN No U72900DL2017PTC318226 and is registered as a Start-Up under Start-Up India program, DIPP. Bridge2capital has been incubated under Bharat Inclusion Initiative by CIIE IIM A. Bridge2Capital is a market place model which bridges the Banks and small business together on strengths of trust and entrepreneurship which is managed by superior but simple & easy to use technology intervention mobile technology.

Bridge2Capital is a B2B business model that aims to provide short term working capital assistance to small business from the formal financial sector. The model leverages the Govt. of Indias key initiatives under digital India via open APIs provided by India Stacks, Goods & Services Tax Network, Aggregated Accounts etc.

The objective Bridge2Capital is to accelerate local GDP by providing a financial and technology bridge to millions of small businesses, in small towns and non-metro cities with an aim to move millions of unorganised businesses to organised way of working. Bridge2Capital promotes better consumption experience for the customers of the user by providing short term capital to retailers, which, enables them to augment their stores with adequate inventory for sale. It also aims to provide a 100% online experience to the small business by enabling a digital eco-system around payments from customers to payments to suppliers in a integrated manner.

Bridge2Capital provides a credit line on a revolving basis designed to monitor the end utilisation of loan funds by disbursing to GST registered suppliers onboarded by the user. Bridge2Capital also ensures tight repayment cycles on weekly or fortnightly basis to ensure that the small business owner focuses on increasing their business turnover and controls diversions of funds for personal consumption's.

Product details

Credit line ( Rs ) 50,000, 100,000, 150,000, 200,000, 300,000

Credit days 30, 45, 60 & 90 days

Repayment Period 7 days , 14 days

Financial charges paid by small business to NBFC/ Bank Partners

Per day used credit line charges

(per Rs 100,000 used per day) 50.00 to 80.00

Delayed Penalties 24% of the outstanding delayed principle

Non- Payment charges on

due date ( Rs ) 500.00

Technology charges paid to Bridge2capital on annual basis

Technology Usage

Annual fees ( Rs ) Minimum 2500 or 2% - 3% Plus 18% GST which ever is higher

The objective of the technology platform is to combining everlasting value of trust with modern-day technology, Bridge2Capital is a Fintech Platform which aims to provide universal access of affordable capital by lowering the interest rates over a period of time for on-time paying customers to further the progress of the unorganised business in emerging markets.

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