Mandii was renamed as kredx, it is an online marketplace for Micro Small & Medium Enterprises - MSMEs to raise funds against their unpaid invoices or post-dated instruments from financiers. On this platform, financiers have the option to select borrowers (MSMEs) from a list of pre-verified borrowers available at Mandii and spread their funds to achieve an optimum balance of risk and returns through a systematic bidding process. Borrowers get the benefit of location independence, easy financing terms and availability of funds at comparatively lower rates than local grey market.
PRODUCTS & SERVICES:
SME Financing platform - Invoice discounting marketplace.
Funding to MSME based on unpaid invoice of large clients
Viewable by subscribers only
Small- and medium-sized businesses and Retail investors
A marketplace platform that frees up cash tied in invoices for SMEs. Provides alternative investment option for retail investors who buy the SME's invoice at a discounted price.