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Current company Paschim Fintech
Financial Services · 4 employees · Founded 2019 · Gujrat, India
We, Paschim Fintech, is a group of technocrats, financial advisors & industrialists based in Gujarat's large industrial base. Paschim Insurance Services (Expert in Insurance Services), Platina Vitrified Pvt Ltd (Leading Ceramic title Manufacturer), and Pengvin Ceramic (Expert in Bathroom and Kitchen wall tiles) collaborated and came up with a joint venture, Paschim Fintech. We are doing our business in a small town, MORBI. Around 1000 plus tile manufacturers are doing business in Morbi with a turnover of 50000 crores per annum.
Current policy
* Most ceramic companies provide credit to their dealer for 60 to 90 days for the payment cycle. And for providing this facility to the customer, they take a working capital loan from different bankers.
* Manufacturers bear all interest costs for this facility, and buyers take material directly at its actual price. No extra cost for buyer regarding the commitment of payment cycle is impacting manufacturer rotation cycle.
Thus, Paschim Fintech brought a dealer finance platform for lenders. The manufacturers get to offer a guarantee for credit made on the platform. Manufacturers track and ensure the creditworthiness of dealers on the platform. This is an aggregation that makes each dealer/manufacturer far safer than as individual entities. We are providing this financial opportunity through supply chain finance.
We are now looking forward to Banker or NBFC who can provide supply chain finance for our B2B Business model & Bill Discounting & Structured Finance for all Morbi & nearby industries.
After that, we have required all “Corporate & Commercial Banking” product providers that offer products like Working Capital Finance, Import/Export Finance, Term Loan & Project Finance, Letter Of Credit Bank Guarantees, Foreign Currency Terms Loans, Long Terms Finance, Customised Digital Products Etc.