Business-to-business marketplaces find easy business for small and medium enterprises

Online business-to-business (B2B) marketplaces have found easy business in financial inclusion for small and medium businesses (SMBs) which struggle for capital from banks. Tie-ups with Non-Banking Financial Institutions (NBFCs) and lending platforms work both ways for the online B2B platforms ensuring a behavioural change in SMBs to shop online for their sourcing needs by extending credit facilities, as well as arming the marketplaces with data on SMBs to create a significant creditscoring mechanism for the small merchants.

Source: http://retail.economictimes.indiatimes.com/news/industry/business-to-business-marketplaces-find-easy-business-for-small-and-medium-enterprises/51004202

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