Merkado & Kapital Connection join to offer Financing Solutions for Indian Startups and SME Businesses
As part of this partnership, Kapital Connection will help facilitate investment, leasing and loans for Digital Solution buyers on Gokaddal Platform.
- (1888PressRelease) June 10, 2020 - Merkado RHA Services, which manages Gokaddal - World's First Digital Solutions Exchange Cloud Platform, and Kapital Connection, a Singapore based fintech company focused on enabling small and medium-sized enterprises (SMEs) to secure financing from financial institutions through digital marketplace, have signed an Memorandum of Understanding to offer investment and financing facilities to Solution Providers and Buyers who are registered in Gokaddal. As part of this association, Gokaddal will be able to offer short term EMI/loan options to Solution Providers who want to onboard their solutions on the platform. Solution Buyers, especially SMEs who look forward to adopting Digital Solutions, will be able to finance their procurement needs while conserving cashflow.
Kapital Connection has recently launched its platform in India to serve the SME community while supporting economic growth. As a financial intermediary and platform operator, Kapital Connection partners with leading Financial Institutions in India to provide equity and debt financing, such as working capital loan, invoice factoring, project financing and asset-backed lending. Using Artificial Intelligence, Machine Learning and Blockchain, the company aims to democratize the lending process for underserved sector and bring inclusive financing to the broader community.
Speaking on this occasion, Mr Ranjit Singh, CEO of Kapital Connection India, said, "Our association with Gokaddal is a key milestone. Gokaddal has most of the emerging and disruptive solutions which are now key to an Organisations sustenance. This partnership will help Solution Providers and Solution Buyers to avail short term funding as capital leasing or short term loans to continue their Transformation Journey".
Commenting on this tie-up, Mr Ravinder Pal Singh, President & CEO of Merkado RHA. said "Gokaddal has created a disruption the way Digital Solutions are procured and delivered. For Solution Providers, it is key to onboard their solutions so as to reach global customers. For Solution Seekers (buyers), they need both solution and many cases, short term funding to adopt such solutions. With world moving to a new wave of Work and Business culture, it is critical that we have some option for SME and enterprises to make it easy when adopting such solutions. Our engagement with Kapital Connection makes it easy for Solutions seekers to adopt transformation solutions".
About Kapital Connection: Kapital Connection is a company headquartered in Singapore with subsidiary based in Bangalore, India. Kapital Connection operates a digital marketplace and provides allied services to financial consultancy, bringing secure, transparent, cost-effective and inclusive financial services to small and medium-sized enterprises.
About Merkado RHA. Merkado RHA is a new age, Disruptive Technology company offering Digital Transformation solution via their innovative cloud platform, Gokaddal. Gokaddal is world's First Digital Solutions Cloud Transformation which connects Disruptive Solution Providers and Seekers.
Press Contact : Ms Rashmi Das (bea ( @ ) merkadorha dot com)
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