India’s MSME Credit Gap – How Are You Managing Your Business Finances? 💡 India's MSMEs, responsible for 30% of the GDP and over 113 million jobs, face a daunting $530 Billion credit gap. For many small businesses, securing timely and flexible financing remains a significant hurdle, preventing them from scaling operations or taking advantage of new opportunities. ✨ If you’re an MSME owner, what’s been your biggest challenge in accessing finance? Tell us in the comments below, we’d love to hear from you! At Bizongo, we’re working closely with 30+ financial institutions, NBFCs, and banks to offer fast, reliable, and customized financing solutions. Whether your business needs working capital, raw material procurement finance, or invoice discounting, we’re here to help. 💼 Want to explore your financing options? Let’s chat - get in touch with our BizongoFin team today 👉 https://hubs.ly/Q02SKRs00 #MSMEFinance #SME #MSME #MSMELoans #BusinessLoans #WorkingCapital #B2BLoans #BusinessGrowth #BizongoFin #Bizongo #MSMECreditGap #IndianMSMEs
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📦 B2B raw material procurement has never been more transparent and efficient! Our super raw material procurement platform, BizongoBuy, offers: ✅ Digital Order Placement: Easily place your orders online at the best prices and with predictable delivery, making procurement hassle-free. 🚚 Live Order Tracking: Stay updated at every stage of your order, from dispatch to delivery. Know exactly where your materials are in real-time. 📑 Instant E-Invoicing: Download your invoices instantly, streamline your financial paperwork, and keep everything on track with ease. Whether you're procuring steel or aluminum, BizongoBuy gives you full control over your procurement process, combining efficiency with transparency. Interested in revolutionizing your supply chain? Let’s connect and get you started: https://hubs.ly/Q02T2Ngv0 #BizongoBuy #LiveOrderTracking #EInvoicing #ProcurementSolutions #SupplyChainTech #B2B #SupplyChain #rawMaterialSourcing #BusinessGrowth #B2BSupplyChain #RawMaterialProcurement
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💡 India’s MSME sector faces a staggering $530 billion credit gap, limiting growth potential for millions of businesses. While the demand for financing continues to rise, there are key factors that can help bridge this gap. 📢 As a business owner or stakeholder, your insights matter! Cast your vote in the poll and share your thoughts in the comments below. 💼 How are we addressing the $530 billion MSME credit gap? Through our finance platform, BizongoFin, we’ve partnered with 30+ trusted financial institutions, NBFCs, and banks to offer solutions like Invoice Discounting and Working Capital Loans. Curious about how we can support your business’s financial needs? Connect with our BizongoFin team today 👇 https://hubs.ly/Q02SWl4r0 #MSMEFinance #SME #MSME #MSMELoans #BusinessLoans #WorkingCapital #B2BLoans #BusinessGrowth #BizongoFin #Bizongo #MSMECreditGap #IndianMSMEs
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🚀 How Sagar Asia Private Limited Boosted Revenue by 50% in Just 1 Year with Bizongo! When Sagar Asia, a 34-year-old manufacturing leader in the aluminium industry, sought to optimize its raw material procurement and access faster, more diverse financing options, Bizongo stepped in with a tailor-made solution. 🏵 Here’s How We Helped: 💡Fast, hassle-free access to credit via our network of 30+ trusted Financial Institutions, NBFCs, and Banks on BizongoFin 💡Unbeatable pricing on raw materials like ingots and billets through our Raw Material Procurement platform - BizongoBuy 💡Complete vendor digitization with real-time tracking for full supply chain visibility. The result? Sagar Asia increased their revenue by 50% in just one year - all while improving supply chain efficiency and managing cash flows with ease. 💬 As Sagar Asia's Executive Director (Operations) Agastya Sagar Veesamsetty puts it: "The financial institution network embedded in their platform fastracks our supply chain as we receive raw materials on time. We are able to serve our customers better and in a timely manner." Looking for the next step to scale your business? Let Bizongo help you optimize procurement and unlock new growth opportunities! 📩 Reach out to our BizongoBuy and BizongoFin teams today! BizongoBuy ▶https://hubs.ly/Q02SgBcn0 BizongoFin ▶https://hubs.li/Q02SgBcq0 #BizongoSuccessStories #BusinessGrowthKaAglaKadam #B2BFinancing #RawMaterialProcurement #BusinessGrowth #AluminiumProcurement #MSMELaons #MSMEFinance #MSMEIndia #SME #Bizongo
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As the festive season approaches, businesses often face unique challenges that can impact growth and efficiency. 🎯 Whether it’s managing late customer payments, securing financing, dealing with high procurement costs, or controlling overheads, businesses need smart strategies to stay ahead and manage their cash flows effectively. What's the biggest challenge your business is dealing with this season? Tell us in the poll below! ⬇️ At Bizongo, we aim to provide seamless solutions to keep your business running smoothly, especially during high-demand periods. 💡Let's identify the key challenges and find ways to solve them together. Connect with us today 🤝 💼 BizongoBuy: One stop shop for raw materials at best prices with predictable delivery ▶ https://hubs.ly/Q02RYS6H0 💲 BizongoFin: An embedded network of 30+ trusted financing partners to offer diverse and fast access to credit ▶ https://hubs.ly/Q02RYS7F0 #BusinessGrowthKaAglaKadam #MSMEFinance #MSMELoans #MSME #SME #RawMaterialProcurement #B2B #BusinessLoans #BusinessFinance #MSMEIndia
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Gandhi Ji's spirit symbolizes the power of innovation and persistence, spinning the fabric of success for our nation. Inspired by Gandhi Ji’s timeless message, we want to strengthen our vision of bringing technology to businesses in simple and meaningful ways to make Business On the Go and achieve unprecedented growth. 🚀 This #GandhiJayanti, let’s celebrate the courage to create history. Sachin Agrawal Ankit Tomar Prahlad(Peggy) Krishnamurthi Kiran Dev Amol Wanjari Gaurav Singhania Gulshan Kaushik #BusinessGrowthKaAglaKadam #HappyGandhiJayanti #BizongoBuy #BizongoFin #BusinessFinancing #RawMaterialProcurement #BusinessLoan #MSME #SME #MSMEIndia #SMEIndia
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In a world where supply chain efficiency and financial agility determine success, we are redefining business success by combining premium raw material procurement with flexible financial support. 🚀 With BizongoBuy, we ensure businesses get access to premium raw materials - steel and aluminium, delivered reliably and on time, at predictable and the best rates possible. And with BizongoFin, businesses gain the financial flexibility of quick, hassle-free financing via 30+ trusted finance partners. Discover how BizongoBuy and BizongoFin can elevate your supply chain and unlock new opportunities for your business. 🤝 Get connected today BizongoBuy 👉 https://hubs.li/Q02RBWm20 BizongoFin 👉 https://hubs.ly/Q02RBWmj0 Sachin Agrawal Ankit Tomar Kiran Dev Prahlad(Peggy) Krishnamurthi Amol Wanjari Gaurav Singhania Gulshan Kaushik #BizongoBuy #BizongoFin #MSME #SME #MSMEIndia #B2B #RawMaterialProcurement #BusinessFinance #SupplyChain #BusinessGrowthKaAglaKadam #BusinessLoans
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Welcoming Visionary Leaders to Propel Bizongo’s Next Chapter in Innovation & Growth! In the relentless pursuit of innovation and excellence, we at Bizongo are excited to unveil a new chapter in our journey - one that brings transformative leadership across our core verticals, BizongoBuy and BizongoFin. 🚀 We are thrilled to welcome an exceptional group of leaders whose vision, expertise, and passion will undoubtedly shape innovative solutions for MSMEs across India. This powerhouse leadership team will not only propel Bizongo’s mission forward but will also ensure that we remain at the cutting edge of B2B commerce and embedded finance. To Kiran Dev, Prahlad(Peggy) Krishnamurthi, Gaurav Singhania, and Amol Wanjari - welcome to the Bizongo family. We are excited for what lies ahead as we embark on this journey together! 🌟 For a detailed read, check out the full story here 👉 https://lnkd.in/gQVXVeuJ #Leadership #Bizongo #Transformation #B2BCommerce #SMEs #SupplyChainFinance #BizongoFin #BizongoBuy #Growth #LeadershipHiring #B2B
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Pioneering the Future of Business Lending in India: A Milestone in Digital Innovation Today marks a defining moment in the journey of business lending in India – a journey that has been years in the making, driven by a relentless pursuit of excellence, transparency, and technological innovation. Thank you Open Network For Digital Commerce (ONDC) for placing your trust in Bizongo! We are truly honored to have contributed to development of the protocol for Unsecured Working Capital Credit on the ONDC network. The draft for which is now open for feedback and suggestions. Through this protocol, all the lenders on the ONDC network would interact in a uniform way with the borrowers, bringing efficiency & clarity to every step of the B2B lending journey. Capitalizing on our understanding of the B2B lending process gained over the years, we have helped design this protocol which aims to reduce the business loan processing time from months to mere 2-5 days. It envisions democratizing access to credit & promoting financial inclusion among MSMEs who yet can’t leverage the immense power of digital infrastructure. Bizongo will become the first buyer app on this protocol, and our seller app will support lenders who wish to be network participants on ONDC for Working Capital Credit Line. With great excitement, we invite all the Banks and NBFCs to join the beta cohort of our seller app for lenders and lead this movement from the front! This protocol isn't just an innovation – it's the veritable future of business lending in India and a historic development in the Indian fintech industry! #BusinessLending #FintechInnovation #DigitalTransformation #FinancialInclusion #MSMEs #B2BFinance #LendingProtocol #IndianFintech #TechForGood #BankingInnovation #NBFCs #CreditAccess #DigitalLending #MSMELending #FutureOfFinance #NextByBizongo #BusinessGrowthKaAglaKadam
We are excited to release the draft specifications for the unsecured working capital credit line on Open Network For Digital Commerce (ONDC). This protocol can be particularly used by partnership and private limited companies to apply for (and use) working capital lines which our existing protocol didn't account for. After the release of personal loans, GST invoice and purchase finance specifications, these specifications will enable standard rails for borrowers to avail unsecured working capital lines through participating buyer apps (loan service providers) and seller apps (lenders) for high ticket size loans. 1. Business Requirements Document: https://lnkd.in/dKp9Smp5 2. User Journey: https://lnkd.in/dfBCTWck 3. Draft API Specifications: https://lnkd.in/dvhE_kNm (Choose draft-FIS 12-2.3.0 in the version drop down) 4. Prototype: https://lnkd.in/d6q537an For those interested please review and send us queries or feedback to: fs@ondc.org. There will be a clarifications and feedback call on 3rd September 2024 at 2pm. You can join this call here: https://lnkd.in/dq4zgJkn The API specification will be finalized shortly thereafter. Subsequently, we will start a weekly cohort call with those who wish to be part of the first wave of network participants on ONDC for Working Capital Credit Line. A special call-out to Sachin Agrawal, Abbas Dawood and the Bizongo team who volunteered and helped us put together the protocol and will also be the first buyer app. Come build with us! T Koshy Shireesh Joshi Nitin Mishra Kapish Kaushal Antriksh P. Mohit Monga Abhishek Singh Shreyansh Shah SUMIT KUMAR Vibhor Jain Harishankar K
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🚀 Unlocking Success: Real Stories of Business Transformation Trust is the foundation of every successful business relationship. At Bizongo, we believe in fostering strong partnerships that drive tangible results. 🤝 📽️ Watch these stories of unprecedented growth, significant cost reductions, optimized procurement & streamlined processes. Their stories are a testament to how trust can transform challenges into opportunities and dreams into reality. 💖 👉 Don’t miss out – watch now and discover the Bizongo difference! Apply here for business financing: https://lnkd.in/gydciqqb Download app for Steel/Aluminium procurement: https://lnkd.in/g28QN6yS #BusinessSuccess #Bizongo #BusinessGrowthKaAglaKadam
💭If you’re an MSME owner, what’s been your biggest challenge in accessing finance? Tell us here, we’d love to hear from you!