Fundly+ is a fintech platform embedded in the healthcare vertical to provide innovative financing and allied solutions to the pharma distribution tail, specialty players, and brands. We provide a revolving credit line for meeting the working capital needs of small businesses through our RBI-registered NBFC partner.
Why Fundly+
Retailers sales are uneven causing
✔ Short term capital mismatches
✔ High borrowing cost
✔ Loss of cash discount
✔ Cheque defaults
✔ Lose of business and credibility
Fundly+ is build with full-stack tech for solving such supply chain Network Inefficiencies and skewed working capital cycles by providing accessible, convenient and customized solutions.
Top Features
✔ Instant Funding Anytime, Anywhere
✔ Hassle Free Online Registration
✔ Track Disbursals On The Go
✔ View Account Statements on the app
✔ No Hidden costs & Surprises
How it Works
● Nitin Chemist, a small next-door pharmacy store avails a credit line of 1 Lac.
● Nitin Chemist is onboarded by a phygital onboarding process
● An unsecured credit line by an RBI-registered NBFC partner is issued for a period of 12 months
● There are no processing charges
● Interest is calculated on daily basis (APR 18% to 28%) only on the utilized amount and with an option to pay anytime without any prepayment/foreclosure charges
● Additional step-up interest @0.02% is charged after 30 days
● Total cost of the loan = (Principal outstanding + Interest + Step-up Interest) as on repayment date.
Our Lending Partners (NBFCs)
UGRO Capital Limited (www.ugrocapital.com)
Steps to avail the facility
1. Install Fundly+ app
2. Register with your mobile number
3. Complete online KYC and loan application
4. e-sign KFS and loan agreement
5. Voila! You are ready to Get Funded
Queries or Feedback?
Please reach out to us on connect@fundly.ai OR call us on 09892422528, if you enjoy using the app, do give us a 5-star rating!