BILLIONLOANS FINANCIAL SERVICES PRIVATE LIMITED

In their own words

Our digital platform that will seamlessly enable our borrowers and lenders to complete the end-to-end journey from seeking finance to repayment of borrowing digitally. The solution will support all the stages of lending from setting limits, obtaining invoice approval from customers, seeking finance, disbursement, repayment and interest/fee calculation digitally while providing all the parties to the transaction with extensive MIS and alerts to make sure they get the insights and calls to action they need on a timely basis. We also have deep relationships with multiple lenders that enables us to quickly structure and set up credit facilities tailored to your unique working capital needs, while matching the lender’s underwriting policies. We are using Blockchain to power our platform which brings us the advantage of robust security while at the same time being unique and innovative worldwide in this line of business. This technology will also provide assurance to participants of immutability of transactions and reduce business risks of double financing. Within Blockchain we are using a technology called Corda which is particularly suited for banking / invoice discounting as it keeps the information between transacting parties private to those parties itself, while at the same time maintaining immutability of the transaction. This unique technology will also provide scalability.

Written by the company on its public Startup India profile. Not verified by us.