Fintech International Group, a leading enterprise technology solutions provider in Africa has announced their partnership with 4thWave, a Canada-based Finance and Banking As-A-Service Platform provider.
Through this partnership, Fintech is launching Kapilink – an innovative Digital Platform that brings together lenders and businesses to facilitate Supply Chain Financing and Collections in one place. Kapilink gives businesses access to finance without affecting bank credit lines on one hand and on the other, it helps lenders deploy their capital through the low-risk Supply Chain Finance method of lending.
COVID-19 has been inimical to Micro, Small & Medium Enterprises (MSMEs) across the world. Sadly, however, traditional lending models have not afforded firms’ easy access to working capital, even under the contemporaneous extended credit environment.
Having recognized this gap in the market, Fintech Group’s Executive Director, George Wainana said “Following together with our Canadian-based partner 4th Wave, we are unveiling our cloud-based financial capital platform – Kapilink. As Fintech we are confident that Kapilink will precipitate an unheralded growth in supply chain financing in emerging economies across the African continent.”
Fintech Group’s “Kapilink” platform promotes inclusive financing through the Supply Chain method of financing. A massive problem for both Suppliers (SMEs) and Anchors (buyers) face is cash flow. Supplier will have cash locked up and may miss out on good market opportunity while the pressure on buyers to settle funds rather than utilizing it where they could make lucrative deals. Kapilink provides solution to these cash flow concerns as its Platform-as-a-Service (PaaS) model supports various working capital solutions. It's a win-win for SMEs, Anchors and Financial Institutions.
Learn more about Kapilink here>