Cash flow management app UpScale partners with 10 NBFCs to offer digital credit to MSMEs

New Delhi, Aug 29 (KNN) CredAble’s credit and cash flow management app UpScale has so far collaborated with over 10 banks and non-banking financial companies (NBFCs) to provide MSMEs digital credit.

It has onboarded over 2 lakh businesses since its launch in November 2021, reported FE.

Amounting to more than Rs 10,000 crore the number of invoices processed by the app so far stood at over 1 million.

The company said its proprietary technology has analyzed credit reports submitted by 700 lenders and bank statements’ transaction amount of Rs 5,000 crore. 

UpScale focuses on combining trade, credit, and payments to provide small businesses with a unique growth solution,” the company said.  (KNN Bureau)