121 Finance goes live on OCEN enabled GeM Sahay

Jaipur (Rajasthan) [India], October 27: 121 Finance, an RBI registered NBFC, focused on Short Term Working Capital Finance, has become one of the first lenders on GeM SAHAY and hence one of the earliest adopters of OCEN (Open Credit Enablement Network). This Government e-Marketplace SAHAY initiative brings a complete financing solution for sole proprietors to avail instant, frictionless financing to help fulfil government orders. With this, 121 Finance joins ICICI Bank and UGRO capital on this platform.

121 Finance has built a proprietary technology stack that can provide end-to-end digital loans as low as Re.1. Passionate about Working Capital Management, Dr Ravi Modani founded 121 Finance, now present in 86 cities across the country. 121 Finance offers various innovative products ranging from Invoice Discounting to Factoring; Purchase Finance to Credit Coverage solutions like 121 Smart Credit as Channel Finance from Distributors to Dealers.

GeM Sahay opens up a multibillion-dollar opportunity with almost 50 lakh products, a transaction value of Rs.147,000 crores, and 29 lakh registered suppliers. “Going live on GeM Sahay also opens a huge opportunity to act as co-lending partners and tech-enabled lending partners to various banks. Being able to disburse a loan in less than 10 minutes of the application being made is a showcase of the technical competence, agility, maturity, and disruption in Trade Finance with innovative, customised solutions. 121 Finance uses its own proprietary algorithm named RACE(™), which is based on machine learning to enhance the deliverables and also underwrite risk, without the involvement of human emotion.”, says Dr. Ravi Modani, Founder & CEO, 121 Finance.

Shri Prashant Kumar Singh, CEO Government eMarketplace, says, “It is great to have 121 Finance onboard to provide cash flow based loans. Purchase order financing will help MSMEs accept larger purchase orders and hence provide a boost to economic activity.”

Business

Saturo Technologies Launches Saturo Academy to Empower IT Professionals with Future-Ready Skills

Pune (Maharashtra) [India], May 10: Saturo Technologies, a trusted name in cloud solutions and digital transformation, proudly announces the launch of Saturo Academy — a premier training platform designed to empower working professionals and students with in-demand skills in NetSuite, Salesforce, Celigo, SAP, AI, and Automated Testing. With over 11+ years of enterprise expertise, Saturo Technologies is expanding its mission by creating a learning […]

Read More
Business

Indiafly.com – Elevates Group Travel With Customised, Hassle-Free Tour Packages

New Delhi [India], May 9: IndiaFly.com, a Micronet Infocom & Logistics Private Ltd unit, focuses on redefining how India travels together by offering a wide range of well-crafted group tour packages for domestic and international destinations. With a strong focus on comfort, safety, and personalization, India Fly has emerged as a go-to platform for travelers […]

Read More
Business

Manifest Brings Instant, Legal Access to $35 Trillion U.S. Property Equity Market for Indian Investors

New Delhi [India], May 8:  Manifest, the first company to successfully bring U.S. private equity real estate on-chain in a scalable and liquid format, today announced Indian investors can now participate in the $35 trillion U.S. home equity market through its innovative $USH tokenized real estate vehicle. This breakthrough platform removes traditional barriers such as […]

Read More