Indifi Technologies, an enabler for SME funding in India, has allied with Travel Boutique Online (TBO), in a bid to enhance businesses for travel agents. Through this association, Indifi is providing working capital to the travel agents, who are unable to scale their businesses due to financial limitations.
Ankush, co-founder and CEO, TBO, said, “While airlines have moved to a weekly payment settlement cycle, corporate customers continue to work on credit with travel agents, thereby creating a working capital gap for travel agents. Our partnership with Indifi allows us to bring a solution for our travel agent network.”
Commenting on the partnership, Alok Mittal, co-founder and CEO, Indifi Technologies, said, “Although the last few years have witnessed a significant amount of investment in startups and SMEs in India, many investors and lenders have not been able to provide working capital solutions due to lack of credible data. By bringing in the transaction behaviour of travel agents, we enable lenders to effectively address this segment”
Rajiv Verma, proprietor of Business Travels, Delhi and one of the adopters of the facility, said, “The product launched by Indifi is relevant for the people in this industry and is being offered at competitive interest rates. I like the flexibility of the credit line product which works better for this segment in comparison to term loan offered by most banks and NBFCs.”
