Desk Report: Dana Fintech and Service provider Bay introduced a partnership to prolong embedded electronic lending for SME RMG factories.
According to a press launch, below this partnership, Merchant Bay will use Dana’s embedded lending motor to create business enterprise credit score rating of SME RMG factories to enable them for digital funding as a result of associate banking companies on identical platform for prompt conclude-to-conclude digitally originated electronic SME bank loan and invoice finance applications.
This partnership will convey SME RMG factories less than digital economic inclusion leveraging knowledge-pushed insights and digital lending abilities for loan companies. e finance apps.
Merchant Bay is a B2B tech-enabled platforms developed as a important channel for revenue, advertising and marketing and get management of apparel.
Also Read: Merchant Bay, PrimaDollar sign deal to Integrate “Factory Social Scores”
Dana Fintech is an embedded lending platform for banking institutions and community companions to offer electronic loans and BNPL to SMEs and people by means of digital credit scoring API, BNPL engine and electronic underwriting engine.