Indifi Technologies, an enabler for SME funding in India, has allied with Travel Boutique Online (TBO) in a bid to enhance businesses for travel agents.
Through this association, Indifi is providing working capital to the travel agents who are unable to scale their businesses due to financial limitations. This mutually benefitting alliance provides the travel agents with the right amount of finances, supporting them to conduct more business. Furthermore, a proper transaction behavior will help Indifi make a superior assessment of the travel agents' business, thereby allowing lenders to make informed credit decisions.
“While airlines have moved to a weekly payment settlement cycle, corporate customers continue to work on credit with travel agents, thereby creating a working capital gap for travel agents.Our partnership with Indifi allows us to bring a solution for our travel agent network," says Ankush, Co-founder and CEO Travel Boutique Online.
Commenting on the partnership, Alok Mittal, Co-founder and CEO, Indifi Technologies adds, “Although the last few years have witnessed a significant amount of investment in startups and SMEs in India, many investors and lenders have not been able to provide working capital solutions due to a lack of credible data. By bringing in the transaction behaviour of travel agents, we enable lenders to effectively address this segment."
The association is meant to counter various shortcomings of the industry. Furthermore, in terms of credit assessment, a reliable analysis of the travel agent's earnings has never been factored in credit decision making process. However, this association will allow a proper analysis of the earnings of the agents to make a comprehensive credit decision.