Indian FinTech startup EnKash has unveiled its latest product, the Enkash Freedom Credit Card, to help SMEs and startups manage their financial liquidy.
The card gives small businesses an opportunity to avail credit facility for immediate needs, according to EnKash. The Enkash Freedom Credit Card also over short revolving credit limits for companies to fulfil payment obligations.
It provides varied and flexible billing cycles and single card for multiple use cases that can be used anywhere.
Naveen Bindal, co-Founder of EnKash came up with the idea. “Currently banks offer corporate credit cards and we partner with most of them to enhance the experience,” he said. “While we will continue enhancing our capabilities for these bank partnerships, we realized that specific products are required to address uses cases which are peculiar to underserved SMEs and startups as their requirements are different. These segments are not able to benefit fully with the existing solutions in the market, be it for enhancing their short-term credit requirements or convenience or just simply getting access to a commercial credit card.”
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