121 Finance goes live on OCEN enabled GeM Sahay

121 Finance goes live on OCEN enabled GeM Sahay

Jaipur (Rajasthan) [India], October 27: 121 Finance, an RBI registered NBFC, focused on Short Term Working Capital Finance, has become one of the first lenders on GeM SAHAY and hence one of the earliest adopters of OCEN (Open Credit Enablement Network). This Government e-Marketplace SAHAY initiative brings a complete financing solution for sole proprietors to avail instant, frictionless financing to help fulfil government orders. With this, 121 Finance joins ICICI Bank and UGRO capital on this platform.

121 Finance has built a proprietary technology stack that can provide end-to-end digital loans as low as Re.1. Passionate about Working Capital Management, Dr Ravi Modani founded 121 Finance, now present in 86 cities across the country. 121 Finance offers various innovative products ranging from Invoice Discounting to Factoring; Purchase Finance to Credit Coverage solutions like 121 Smart Credit as Channel Finance from Distributors to Dealers.

GeM Sahay opens up a multibillion-dollar opportunity with almost 50 lakh products, a transaction value of Rs.147,000 crores, and 29 lakh registered suppliers. “Going live on GeM Sahay also opens a huge opportunity to act as co-lending partners and tech-enabled lending partners to various banks. Being able to disburse a loan in less than 10 minutes of the application being made is a showcase of the technical competence, agility, maturity, and disruption in Trade Finance with innovative, customised solutions. 121 Finance uses its own proprietary algorithm named RACE(™), which is based on machine learning to enhance the deliverables and also underwrite risk, without the involvement of human emotion.”, says Dr. Ravi Modani, Founder & CEO, 121 Finance.

Shri Prashant Kumar Singh, CEO Government eMarketplace, says, “It is great to have 121 Finance onboard to provide cash flow based loans. Purchase order financing will help MSMEs accept larger purchase orders and hence provide a boost to economic activity.”

30 thoughts on “121 Finance goes live on OCEN enabled GeM Sahay

  1. But 15 mg a day is so low that it may not change serotonin levels that much and something else causes it to work what does nolvadex do Although water retention is likely to increase and natural testosterone production gets suppressed, Deca Durabolin does not significantly add to the Anadrol side effects

  2. So what Im saying is, is that a vacuum sealed bottle vacuum sealing prevents added moisture from the air, though some moisture very very very little is likely in the cap already kept in a dark cool place, will be an effective chemical for decades stromectol without prescription Thus, the authors proposed that the thiazide receptor contains two binding sites one that is selective for Na, and the other that can recognize either Cl or metolazone in a competitive fashion

  3. safe and effective drugs are available. Learn about the side effects, dosages, and interactions.
    ivermectin 250ml
    Learn about the side effects, dosages, and interactions. All trends of medicament.

  4. Long-Term Effects. Learn about the side effects, dosages, and interactions.
    ivermectin 4000 mcg
    Learn about the side effects, dosages, and interactions. Comprehensive side effect and adverse reaction information.

Leave a Reply

Your email address will not be published.