Tuesday, May 28, 2024

Muawin Announces a First of its Kind B2B BNPL Partnership with Retailo

Muawin, a leading digital lending entity that provides SMEs in Pakistan with quick, feasible, and affordable access to smart credit, has announced a first-of-its-kind B2B buy-now-pay-later (BNPL) partnership with Retailo, the fastest growing B2B startup in the MENAP region that is digitising retail supply chains in Pakistan.

Through this cooperation, Muawin will provide Retailo’s 50,000+ shops with quick, easy, and convenient access to financing.

Muawin’s backend and Retailo’s customer application are tightly integrated, allowing for this strategic decision.

Customers of Retailo can use a single app to submit their KYC application, receive permission from Muawin, and make a credit order.

Retailers benefit immensely from this smooth procedure since they now have access to both digitised credit and inventory supplies.

“We’re incredibly excited to start this cooperation with Retailo,” Muawin’s Co-founder Moeed Qamar stated at the event. We hope that improved access to Pakistani e-commerce stores, as well as easy finance, would result as a result of this.”

Both sides envisage a long-term cooperation that will provide thousands of underrepresented merchants with exclusive access to a platform that enables for faster business growth than ever before.

“Retailo’s objective is to leverage technology to enhance the lives of underserved and empower 10 million retailers in MENAP,” stated Wahaj Ahmed, co-founder of Retailo. We’ve made significant progress in digitising supply chains, and our collaboration with Muawin will enable us to give credit lines to SMEs, allowing them to expand their business and income.”

Muawin by Cashew Financial Services Limited is a licenced digital lending organisation that provides B2B BNPL alternatives to small and medium enterprises (SMEs) in a fraction of the time, allowing them to better fulfil their mission by assisting the retail sector with BNPL options.

Furthermore, this partnership with Retailo will enable ‘all-in-one’ bulk purchasing at a rate unequalled by traditional distribution.

Muawin and Retailo also want to expand their relationship into new sectors in the future, such as wholesale.

The alliance will first assist serve retailers in Karachi at lightning speed, but the two companies plan to expand their operations across Pakistan’s major cities very soon.

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