Global fintech enabled 50+ SME manufacturers to access faster credit by digitizing trade finance
15 Mar 2021
1 min read
Client wanted to digitize domestic trade finance process which would help SME traders and manufacturers in availing easy and faster credit facilities
Context
- Company Description: Global fintech client that enables financial institutions in providing financing network
- Client wanted to digitize domestic trade finance process which would help SME traders and manufacturers in availing easy and faster credit facilities
Our approach
- Analyzed manufacturing process (textile industry) and distribution channel (steel industry) and identified the pain points of the channel partners
- Analyzed value chain of the processes and the unit economics through ~25 in-depth interviews
- Assessed the existing credit need and available financing / repayment facilities (banks, NPBCs, local lenders, third party, credit period) from upstream / downstream
- Identified other process related challenges, which were bottlenecks in the order fulfilment and transactions with both buyers and suppliers