ENA Knowledge Resource 2022-08-29 11:04:35 <p><span style="font-size:14px"><strong>New Delhi, Aug 29 (KNN)</strong> CredAbles 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.</span></p> <p><span style="font-size:14px">It has onboarded over 2 lakh businesses since its launch in November 2021, reported FE.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Amounting to more than Rs 10,000 crore the number of invoices processed by the app so far stood at over 1 million.</span></p> <p><span style="font-size:14px">The company said its proprietary technology has analyzed credit reports submitted by 700 lenders and bank statements transaction amount of Rs 5,000 crore. </span></p> <p><span style="font-size:14px">UpScale focuses on combining trade, credit, and payments to provide small businesses with a unique growth solution, the company said. <em><strong>(KNN Bureau)</strong></em></span></p> 30349 https://knnindia.co.in/news/newsdetails/knowledge-resource/cash-flow-management-app-upscale-partners-with-10-nbfcs-to-offer-digital-credit-to-msmes 2022-08-29 11:04:35 knnindia.co.in