Shiprocket partners with Klub for embedded financing solutions

Revenue based financing platform Klub has partnered with ecommerce enabler Shiprocket. Through this collaboration, merchants using the Shiprocket platform will have access to a group of capital products that Klub provides. These products have a maximum loan amount of Rs 30 crore and have a maximum term of 24 months for businesses at all stages of growth.

"Our collaboration with Klub will further enhance our vision to help SMEs and MSMEs merchants and will support our new and existing seller base with flexible working capital which will not only help them with funds and customised financial options but will also increase their reliability and trust in the brand as a one-stop solution for all their operational needs." Vishesh Khurana, Co-founder at Shiprocket while Commenting on the partnership.

Sudharsan Venkatakrishnan, Vice President, Klub, said, "With Shiprocket and Klub working in tandem, our platform aims to disburse Rs 50 crore to Shiprocket merchants in the next three months. We are excited to add another marquee partnership cementing our position as the largest embedded platform for digital merchants."

Klub's full-stack embedded capital platform offers capital starting from Rs 5 lakhs up to Rs 30 crores to digital merchants.

The company claims that via 700+ investments, it has helped 300+ firms gain access to credit with a single click, keep customers, grow their GMV, and unleash new revenue streams from value-added capital products.

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This release was published on openPR.