Bridge2Capital-Easy Business Loan & Digital Khata

Bridge2Capital is a mobile application, designed and developed for small business owners in Bharat. We have a 360-degree approach towards enabling growth of small businesses with access to on-demand financial services - Credit, Savings (coming soon) & Insurance (coming soon). Also, the small business owners can avail of free digital book-keeping service.
Our objective is to accelerate local GDP by providing a financial and technological bridge to millions of small businesses in small towns and cities. Our product is divided into 2 parts, i.e. Credit & Digital Hissab.

1. Hissab

Bridge2Hissab is a digital bahi khata for the small shop owners who can maintain their day-to-day Hissab on their smartphones, access Hissab anywhere, associate Hissab with specific type of people (owner, employee, tenant, customer, etc.), tag Hissab type through Bank/ in cash and then at the end of the day, access daily reports. Through Bridge2Hissab one can also, notify the other party about the transactions, set reminders for himself/herself for due payments and save softcopies of hard receipts for dispute free & easy future referencing.

2. Credit

Bridge2Capital is a B2B business model which provides short-term working capital assistance to small businesses.Bridge2Capital provides an unsecured credit line to the business owners on a revolving basis in partnership with financial institutions. The business model is designed provide capital for business and monitor 100% end utilization of the funds. The credit is provided on the basis of business turnover data which is financially verifiable example sales data via GSTN or Sales data verified by Bridge2Hisssab. Bridge2Capital offers 100% transparency in its transactions, with all disbursement done to GST suppliers against invoices presented by small business owners. Bridge2Capital also ensures faultless repayment cycles on a weekly, fortnightly, or monthly basis as per choice of the user to make sure that the small business owners focus on increasing their business turnover.
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PRODUCT DETAILS

Credit line: ₹ 100,000 - 500,000
Credit days: 30-180 days
Repayment Period: Weekly, Fortnightly, or Monthly
Reducing Annual Interest Rate: 21-27% daily compounding
Annual Technology Fee: 3% of approved credit limit

Here is an example of how Bridge2Capital’s working capital assistance is structured:

Working Capital Limit
Credit Line: ₹ 100,000
Credit Days per Invoice Financed: 30 Days
Repayment Days: Weekly
Annual Technology Fee @ 3% yearly + GST: ₹ 3540


Invoice Financing
Invoice 1: ₹ 10,000 @ 24% per annum for 30 days on weekly EMI basis
Per week EMI of ₹ 2500 + Interest Amount (weekly interest amount on a reducing basis)
Overall Interest Amount Paid: ₹ 115.43
Total Amount Paid: ₹ 10,115.43

Invoice 2: ₹ 50,000 @ 24% for 30 days on a weekly EMI basis
Per week EMI of ₹ 12500 + Interest Amount (weekly interest amount on a reducing basis)
Overall Interest Amount: ₹ 556.60
Total Amount Paid: ₹ 50,556.60
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Bridge2Capital promotes a better experience for the end-consumer by providing short-term capital assistance to the retailers, which enables them augment their stores with adequate inventory. It also aims to provide a 100% online experience to the small businesses through a digital eco-system in which they can integrate, right from collecting payments from consumers to making payments to the suppliers.
The objective of Bridge2Capital is to combine the everlasting value of trust with modern-day technology, and to provide the unorganized businesses access to affordable capital.
To know more about Bridge2Capital, visit www.bridge2capital.com or write to us at info@xtracapindia.com