Simpl and Klub join forces to provide affordable credit solutions for D2C merchants
- ByStartupStory | March 30, 2023
Simpl, a payment platform, has teamed up with Klub, a Revenue Based Finance company, to offer convenient credit options to Direct-to-Customer (D2C) merchants. This collaboration aims to assist D2C merchants in fulfilling their working capital needs by providing them with affordable interest rates and flexible repayment terms through a fully digital process.
Simpl has introduced a solution to address a major issue faced by direct-to-consumer (D2C) merchants in India who are experiencing rapid growth. As part of its booster package for partner merchants, Simpl will include capital-as-a-service, which will help these merchants create long-term value and alleviate a significant pain point. Additionally, Simpl’s partnership will expand its existing Booster Package, which provides access to various D2C enablers, such as credit access, digital marketing, and e-commerce consulting, to help boost business. These efforts are aimed at creating a reliable ecosystem of D2C merchants that offer high-quality products and a seamless payment experience to their customers.
Nitya Sharma has announced the expansion of Simpl’s Booster Package to provide credit access to the D2C community in partnership with Klub to support their working capital requirements. As stated by Sharma, “In this endeavour, we are delighted to announce the expansion of our Booster Package to provide credit access to the D2C community in partnership with Klub to support them in their working capital requirements.”
Klub is planning to distribute loans totaling Rs 200 crore to small businesses throughout the country in the next six months as a way of supporting the D2C ecosystem.
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