100+
Downloads
Content rating
Everyone
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About this app

Discover Soptle: Your Essential All-in-one App to manage invoices and expenses!

Buy now, pay later with Soptle, which offers credit up to INR 1 Crores at 18-30% Interest per annum & upto 2% processing fees. It helps retailers to purchase best products at the best prices for their stores using credit. Retailer can use the credit limit on a recurring basis after repayment.

How does Soptle work?
Soptle offers a simple & user friendly interface, just download the app, submit the details and get immediate credit approval ranging between INR 1,000 to INR ₹1 Crores. Customer can use the credit limit approved, anytime for payment of products purchased within a year.

Once customer uses the credit limit, he/she can repay the whole amount in minimum 0 days and maximum 30 days.
(Note: Maximum period of repayment may vary from merchant to merchant)

If the amount utilised is less than customer’s approved credit limit, then the customer can use the remaining amount for another purchase.

🔷 On repayment
Maximum Annual percentage rate (APR) - 30% p.a. + 1% p.a.(Additional bounce charges) + GST

After repayment, the customer’s credit limit gets restored and can be used again for purchasing products from partner merchants.

Example:
Credit limit used = INR 1,00,000

🔷 If repayment done on 45th day
Interest charges (APR 30% p.a.)= INR 3698.63
Other charges (1% of the principal amount) = Bounce charges INR 100
Total payment – INR 1,03,798.63 + GST

⭐️ Purchase finance program
Under purchase finance program, Soptle lets buyers pay for invoices using their approved credit limit and then pay later @30% p.a. APR

Minimum repayment period (Invoice discounting) = 0 days
Maximum repayment period (Invoice discounting) = 30 days

Maximum annual percentage rate (APR) (Invoice discounting) = 30% p.a.

Key Features:
🛍️ Empowering Retailers and Distributors: Soptle serves as a vital link between retailers and distributors, simplifying the invoicing process and fostering stronger business relationships. Distributors can effortlessly onboard retailers, making the journey smoother and more collaborative.

🤝 Strengthening Business Partnerships: Our platform revolutionizes the way you interact with distributors. Generate, review, and accept invoices at your convenience, fostering a culture of transparency and trust in your financial engagements.

💡 Informed Financial Decisions: Gain insights that matter. Soptle puts the power in your hands, allowing you to review and accept invoices on your terms. Make informed decisions that align with your business goals and resources.

💰 Effortless Payment Monitoring: Taking charge of your financial timelines has never been easier. Soptle provides retailers with an intuitive interface to track payment schedules, offering you a clearer picture of your financial commitments and enabling efficient financial planning.

⏳ Credit Solutions at Your Fingertips: Navigating unexpected payment challenges? Soptle's credit tool acts as your financial safety net, offering the support you need during critical periods. Keep your business operations running smoothly, even when facing uncertainty.

💳 Unlock Soptle Credit Advantage: Embrace the benefits of Soptle Credit—a versatile solution designed for retailers like you. Enjoy an impressive 7-day credit-free period along with a nominal 0.1% daily interest on the principal amount. Experience the flexibility you deserve.

Permissions:
We collect personal information & data from You in conjunction with Your usage of the app for the purpose of onboarding you as a customer, completing the mandatory KYC process, & determining Your creditworthiness.

Check the detailed Privacy Policy at https://soptle.com/privacy

Declaration
Soptle is a platform that facilitates a revolving credit line by duly registered NBFCs to users as per their requirements

Partner NBFCs:
• Black Soil
• Tyke
Updated on
Nov 7, 2023

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
This app may collect these data types
Location, Personal info and 5 others
Data is encrypted in transit
Data can’t be deleted