openPR Logo
Press release

Merkado & Kapital Connection join to offer Financing Solutions for Indian Startups and SME Businesses

06-09-2020 08:48 AM CET | IT, New Media & Software

Press release from: Merkado RHA Technology Pvt Ltd

Bridging Gaps, Digitally

Bridging Gaps, Digitally

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.

#60, Ist Main, Gandhinagara, Yelahanka
Bangalore IN

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.com)

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Merkado & Kapital Connection join to offer Financing Solutions for Indian Startups and SME Businesses here

News-ID: 2070121 • Views: 649

More Releases for Solution

CompanyTRAK Launches Enterprise Solution, a Contact Tracing, Social Distancing S …
Sqwirrel LLC, a Michigan company, has developed patent-pending technology utilizing a combination of enterprise mobile apps, with Bluetooth tags and scanners to bring employees back to their workplace called "CompanyTRAK". The contact tracing technology and social distancing solution provides a safe way to get employees back to work, keep them mindful of social distancing and alert them to possible risks of exposure from symptomatic, positive tested and exposed employees. CompanyTRAK
Robotic Process Automation (RPA) Market Insights, Forecast to 2025: By Types - A …
Marketresearchreports.biz Announced New Study on Report "Global Robotic Process Automation (RPA) Market Insights, Forecast to 2025." This report presents the worldwide Robotic Process Automation (RPA) market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors
Symphony Solution Proudly Launches PurelyTracking – a Complete Workforce Manag …
On demand, Time and Attendance tracking application based on real-time data, accessible anytime and anywhere with cloud-based, SaaS solution with an integrated payroll and leave management features. Scotch Plains, NJ, February 26, 2018 - With effect from today, Symphony Solution is proud to launch PurelyTracking, a SaaS-based on-demand application: workforce management solution. PurelyTracking offers advanced solutions for Time and Attendance, Scheduling, Leave Management, Work Accountability, Client Project Management and Data Collection
Alternative Payment Solution Skrill Market and Alternative Payment Solution Mast …
Alternative Payment Solution: Skrill and Masterpass Market the Report include basic information like information, scope, facts and industry chain overview, industry policies and plans, product specifications, manufacturing processes, cost structures and so on. Skrill is a global payments solution provider headquartered in London. It was founded in 2001 as Moneybookers, and renamed as Skrill in 2010. It allows users to store payment details in the Skrill digital wallet, which they can
Euroweb swaps existing Class 4 solution for TELES softswitch solution
Euroweb, one of Romania's leading service providers, has decided to ditch its legacy multi-vendor solution and replace it with a unified wholesale solution based on the C4 Softswitch from the Berlin based Next Generation Networks and Access Gateway vendor TELES. Identifying TELES as a vendor for the required solution, Euroweb Romania selected TELES C4 softswitch in addition to the TELES Captura WTP (Wholesale Trading Platform), which makes life easier for operators
FORMALDEHYDE SOLUTION DISCOVERED
TOLEDO, Ohio – May 20 – Chempace Corporation has found a solution for the FORMALDEHYDE pollution. Odor Absorb Supreme provides a low cost answer for the removal of existing dangerous formaldehyde gas. Tested and confirmed by an independent laboratory, Odor Absorb Supreme was proven to reduce the formaldehyde gas by 23% after just 24 hours. What this means to OEM is as follows: 1. The average level of formaldehyde found in