Chennai: Leading city based B2B e-procurement firm Kobster has announced that it has tied up with an Invoice Discounting platform, Indifi Technologies. Through this collaboration, small and medium scale vendors can do good business with ease and their payments are made on-time without any credit timeline, the firm has said.
A release from the firm said one requirement in B2B ecommerce is the flow of working capital with a demand in order as the credit period differs for customers as well as vendors.
Speaking about the collaboration, co-founder, Kobster, Karthik Ramaiah, said, “We are glad to associate with Indifi Technologies. As B2B procurement industry demands a better cash flow, this new-age innovation comes as a pillar of strength for local vendors in India. Vendors can now do more business, needless to wait for a longtime to get their payments done. Similarly, Corporates can focus on their core job without fearing about the procurement process.”
Kobster’s partnership with Indifi Technologies is a step towards inclusion of these small vendors into the procurement chain by ensuring steady cash flow for them, the release said.