Startup Terminal
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
Startup Terminal
No Result
View All Result
Home Launch

Tradeling launches revolving credit facility for all SME buyers to support business recovery and continuity

StartUp Terminal Bureau by StartUp Terminal Bureau
January 2, 2021
in Launch
0
Tradeling launches revolving credit facility for all SME buyers to support business recovery and continuity
162
SHARES
2k
VIEWS
Share on FacebookShare on Twitter
 Tradeling launches revolving credit facility for all SME buyers to support business recovery and continuity
Dubai, UAE, July 12, 2020- Tradeling, the hyper-growing eMarketplace focused on business-to-business (B2B) transactions in the Middle East and North Africa (MENA) region, has announced a new credit facility for SME buyers on its platform, to support them in business recovery and continuity. The service is offered in partnership with UAE-based Invoice Bazaar, enabling business customers to benefit from a revolving credit line of up to AED 50,000 for their purchases from sellers listed on the platform.
With the revolving credit line, which sets a new model for the region, any business registered as a buyer on Tradeling.com can apply for the credit facility effortlessly on the website with approvals, subject to financial due diligence, provided in just 48 business hours.  Securing the extended credit facility will enable SME buyers to free up cash, extend their payment terms and strengthen negotiations with sellers on the platform.
Muhammad Chbib, CEO, Tradeling, said: “One of the biggest challenges that businesses face in the current recovery phase of the economy is liquidity. Our purpose from the beginning has been to enable trade through innovative technology approaches. Hence, we are launching the revolving credit line feature that will benefit not just the buyers but also lend more traction to the economy as a whole. SME buyers can benefit from the facility as it helps them to manage their cash flow, while suppliers continue to be assured of timely payments. The immediate impact is that it will increase liquidity levels, especially for businesses involved in food & beverage, office supplies and health & wellness, our three core verticals that are also the most in-demand today.”
Giving buyers more control on their transaction, the credit facility is currently available for UAE-based buyers. They can expand their payment terms with the sellers by 30 days, giving a promising window to do business, make returns and meet their financial obligations without undue pressure.
The new facility adds to the 5 per cent cashback on all purchases Tradeling offers for hotels, restaurants and caterers, as part of confidence-boosting measures launched by the digital marketplace to support the wider community. “With the opening of the economy, the hotel business is getting back to its feet. But the past months have not been easy, and we believe it is important to extend our support to the industry,” added Chbib.
Anand Nagaraj, Co-founder & CEO, Invoice Bazaar, added: “Our primary focus is to support SMEs by ensuring they have access to working capital. Following the COVID-19 crisis, many businesses are struggling to maintain their supplies due to lack of liquidity. The new initiative with Tradeling will offer buyers the confidence to sustain their supplies and do business seamlessly with the 30-day extended payment window helping them to plan their finances effectively.” 
Applying for the trade finance offered by Tradeling is easy: Buyers registered on Tradeling.com only have to make the request on the portal, where an expert team will review the request. The buyer can use the approved credit line, which is valid for one year, for multiple transactions, helping them to expand their trade offering.
The facility is offered to returning customers who prove their creditworthiness through their first two trades paid in full in cash. From the third trade, they can convert part of their payments as credit, as per the trade finance offered, with the percentage of credit increasing with every subsequent transaction.  Buyers only have to pay a nominal fee of AED 500 plus VAT to register as well as AED 200 plus VAT for transactions of up to AED 10,000, and AED 350 plus VAT for higher-value transactions.
Led by startup veteran Muhammad Chbib, Tradeling has recorded impressive growth since its beta launch in February 2020. The digital marketplace showcases thousands of products in three verticals – Food & Beverage, Health & Wellness and Office Supplies. Today, Tradeling has close to 300 suppliers from 25+ countries with gross merchandising value increasing from zero to a high two-digit million figure within three months. The cashback service offered for the hospitality sector has further energised trade, with transactions in this vertical alone growing over 25x month-over-month.
Tradeling provides ease of use for suppliers and buyers, with a rich product upload and management. It also assures a safe digital marketplace, where sellers are offered support for onboarding as well as high standards of customer service. All suppliers on Tradeling are verified ensuring trust in operations. Tradeling plans to expand its footprint to Saudi Arabia later this year and other regional markets and will also look at strengthening its operations in other core markets.
Tags: Launch
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

Related Posts

AI4Rx launches MedBeat HealthConnect App
Launch

AI4Rx launches MedBeat HealthConnect App

September 21, 2023
Startup Credential Sentry automates occupational license verification
Launch

Startup Credential Sentry automates occupational license verification

January 21, 2023
Kelly Lundberg Launches Brand YOU Creators
Launch

Kelly Lundberg Launches Brand YOU Creators

January 20, 2022
Next Post
IndiaFirst Life partners with InsureNearby

IndiaFirst Life partners with InsureNearby

Connecting the Next Billion – New Virtual Africa Tech Festival Launched

Connecting the Next Billion - New Virtual Africa Tech Festival Launched

Visa appoints Sujai Raina as Vice President & Head of Business Development for India

Visa appoints Sujai Raina as Vice President & Head of Business Development for India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Opinion: Surviving Lockdown as a Startup and the Way Forward

Opinion: Surviving Lockdown as a Startup and the Way Forward

3 years ago
Pratik Shah, Founder, DigitalDefynd

Interview with Pratik Shah, Founder, DigitalDefynd

2 years ago
IFF 2020 conducts multi-city roadshows in India and abroad

IFF 2020 conducts multi-city roadshows in India and abroad

4 years ago
Mumbai-based Men’s Health and Wellness Startup Bold Care raises Pre-Seed Funding

Mumbai-based Men’s Health and Wellness Startup Bold Care raises Pre-Seed Funding

3 years ago
Reasons to pursue ITIL Foundation Certification

Reasons to pursue ITIL Foundation Certification

4 years ago
No Result
View All Result

Must Read

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

IAA Leadership Awards honours outstanding achievers

Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza

Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities

NLB Healthcare Partners with Nursing Norway AS and World Trade Center Pune to Launch Recruitment Platform for Indian Nurses

Cloudera Appoints Charles Sansbury as New Chief Executive Officer

Trending

AI4Rx launches MedBeat HealthConnect App
Launch

AI4Rx launches MedBeat HealthConnect App

by StartUp Terminal Bureau
September 21, 2023
0

Mumbai, India, September 21, 2023: AI4Rx, the AI powered, high-quality medical care platform for all, announces the launch...

PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

August 11, 2023
enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

August 10, 2023
Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

August 10, 2023
IAA Leadership Awards honours outstanding achievers

IAA Leadership Awards honours outstanding achievers

August 10, 2023
Startup Terminal

Startup Terminal is a global news portal for Technology, Startups, and Businesses. Reporting on technology, start-ups, and business-related news from all over the world. We exclusively feature startups, and technology companies to reach out to a wider audience.
Startup Terminal is an official media partner at global conferences like:
#Mobile World Congress 4YFN,
#Barcelona, Spain
#ConnecTechAsia, Singapore (Formerly CommunicAsia)
#NXTAsia, Singapore
#Africa Com, Cape Town, South Africa
#Converge Events, Singapore
#young Startup Ventures, USA

Follow us on social media:

Recent News

  • AI4Rx launches MedBeat HealthConnect App September 21, 2023
  • PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24 August 11, 2023
  • enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance August 10, 2023
  • Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives August 10, 2023
  • IAA Leadership Awards honours outstanding achievers August 10, 2023
  • Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza August 7, 2023
  • Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities August 3, 2023
  • NLB Healthcare Partners with Nursing Norway AS and World Trade Center Pune to Launch Recruitment Platform for Indian Nurses August 3, 2023

Readers’ Choice

  • Aneesha Dalal, SHIAMAK Dance Academy

    Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    350 shares
    Share 140 Tweet 88
  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    330 shares
    Share 132 Tweet 83

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.

No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.