Arzooo Credit will provide a working capital cushion to Arzooo’s partner stores.
Arzooo.com has announced the launch of its new digital credit lending product, ‘Arzooo Credit’, for offline retailers. The new credit service will provide working capital cushion to Arzooo’s partner stores, especially during the time when the retail is just on its way to recovery from months of halt.
With the credit service, Arzooo aims to solve the immediate working capital needs of offline retailers, which is hard to meet during a slump or seasonal spike. The B2B platform aims to Empower the offline stores to compete effectively with larger e-commerce websites. Retailers can avail Rs 1 lakh to Rs 10 lakh credit easily through a paperless platform. The platform also enables a simple on touch re-payment option for stores to pay back. The B2B platform is available on both Android and iOS platforms
Commenting on the announcement, Khushnud Khan, CEO and Co-founder, Arzooo says, “Credit is integral to retail, more so with small and medium retail business. Our vision of powering retail with technology necessitates bringing access to seamless credit solutions to retailers which is necessary for them to grow their business. Arzooo Credit is a significant step forward in creating a working capital headroom that will help store owners conduct their business seamlessly.”
To benefit from Arzooo Credit, a retail store can share their interests online in one tap on Arzooo Go Store App and inside 24 hours, the service will get initiated for the store in their Arzooo App account. From there on, he can use the credit-lending feature for all his future exchanges.
Khushnud further adds, “Besides working capital, the idea of Arzooo Credit is to create a hassle-free transaction and a frictionless customer journey on the platform.” At present, Arzooo Credit is available to over 5,000 retailers across 10 cities.
Arzooo credit will help ts partner electronics retail stores address their persistent problem of inventory selection, pricing, and sourcing supply chain.