: In a bid to enhance businesses for travel agents, Indifi Technologies, an enabler for SME funding in India, has allied with Travel Boutique Online (TBO).
Through this association, Indifi is providing working capital to travel agents who are unable to scale-up their businesses due to financial limitations. This mutually benefitting alliance provides travel agents with the right amount of finances, enabling them conduct more business.
"Although the last few years have witnessed a significant amount of investment in startups and SMEs in India, many investors and lenders have not been able to provide working capital solutions due to lack of credible data. By bringing in the transaction behavior of travel agents, we enable lenders to effectively address this segment," Indifi Technologies co-founder and CEO Alok Mittal said.
Furthermore, a proper transaction behavior will help Indifi make a superior assessment of the travel agents' business, thereby allowing lenders to make informed credit decisions.
"While airlines have moved to a weekly payment settlement cycle, corporate customers continue to work on credit with travel agents, thereby creating a working capital gap for travel agents. Our partnership with Indifi allows us to bring a solution for our travel agent network," Travel Boutique Online co-founder and CEO Ankush said.