Flipkart, Davinta tie up to offer credit facilities to small biz, kiranas

Flipkart Wholesale, the digital B2B marketplace of the e-commerce firm, has formed a partnership with SME lending platform Davinta offering a ‘Buy Now Pay Later’ credit facility to all its retailers.

‘Buy Now Pay Later’ or BNPL as it is more popularly known has emerged as a credit innovation from new-age fintechs. They are offering this as an alternative to customers who struggle to be eligible for traditional credit constructs such as credit cards.

“We are very excited with the opportunity to partner with Flipkart Wholesale and offer our BNPL product to the over 1.5 million members of Flipkart Wholesale,” said Davinta CEO Ravi Garikipati. “With BNPL we are now allowing retailers across the country to unlock themselves from cash constraints while purchasing supplies.