The Problem Statements:
Micro, Small, and Medium Enterprises (MSMEs) are the backbone
of Indian Economy, driving growth and providing employment.
However, these businesses often grapple with a range of
financial challenges:
-
Working Capital Stress:
MSMEs are in a constant struggle to secure the working
capital required for their daily operations and business
expansion with credit sales. This financial stress can
significantly impact their ability to meet business demands
and capitalize on growth opportunities.
-
Payment Delays:
Delay in receiving payments from Customers, is a common pain
point for majority of businesses. These delays disrupt cash
flow, increases cost of recovery from Customers, strain
relationships with suppliers and employees and hinder
financial stability.
-
Fund Flow Invisibility:
Many MSMEs lack real-time visibility into their fund flows.
This financial blind spot makes it challenging to plan and
allocate resources effectively, leading to uncertainty and
risk.