InvoiceBazaar meaning “market of invoices” is an attempt to bridge the supplier-buyer relationship, by digitizing the transactions which are done manually in the real world. This digitization helps in providing finance to a supplier by actually taking buyer-risk. We have seen the struggle SMEs go through at banks in terms of submitting various documents and still waiting for credit approvals. Even after getting credit facilities, banks make SMEs go through rigorous transaction level checks which make it impossible to borrow against quality receivables.
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