FundsTiger Credit Ratings boost SME fund raising!
FundsTiger brings free Credit Ratings for SMEs in India. We leverage technology and credit expertise – an approach that is valuable for Indian businesses. Past performance is a strong predictor for future – not only business performance but also credit performance. FundsTiger Credit Ratings take into account parameters beyond the traditional financial statements to build a rating which accounts for projected cash flows, business operations and reputation.
For a long while, Indian SME ( Small and Medium Enterprises ) Ecosystem has been ailed by various issues – the most vital of them is the lack of quick access to finance. The government is trying hard to push SMEs into growth orbit, and has launched various mechanisms to facilitate credit access. Even then, banks find it hard to disburse business loans, as credit rating process in India is expensive and time consuming – and useful only for big ticket loan applications.
In FundsTiger’s view, SMEs need to establish a strong credit record and demonstrate it to the lenders for easy appraisals. Many SMEs are happy to share their financial details and other documents, but are unaware of the strengths or weaknesses of their application – as they lack expert advice and financial training.
FundsTiger is becoming the BIGGEST provider of FREE credit ratings for all the SMEs who come on our platform to apply for credits from our various lender partners. We evaluate these applications and give a credit score, and expert advice on how to make a stronger case for credit applications. We are unique in our Credit Ratings approach and making long term impact.
Customer response has been phenomenal – not only were we approached by established SMEs, but also by existing startups, and even wannabe entrepreneurs who wanted to know how to think about fund raising through the debt mode – and see great merit in FundsTiger Credit Ratings.
Chief Tiger at FundsTiger
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