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October 9: F1Soft International Pvt Ltd, a leading financial technology company of Nepal, has partnered with UK Aid’s Sakchyam Access to Finance Programme to introduce “Online Reverse Factoring Platform,” a first-of-its-kind technological innovation, to enhance access to finance for small and medium enterprises (SMEs) in Nepal.
Nirmal Dahal, team leader of Sakchyam, and Subash Sharma, CEO of F1Soft International, signed the agreement on behalf of their respective organizations during an event held in the capital on Monday, October 8.
Under this partnership, F1Soft International will develop and operate an online platform titled QuikBhuktani for quick withdrawal of money. The solution will link small and medium suppliers of large businesses, and banks through an online platform to enable reverse factoring, facilitating instant access to credit for suppliers.
Using this online system, banks can offer low-risk short-term loans to suppliers, who sell their goods/services to large businesses/anchor firms on credit, and they will have convenient and non-collateralized access to financial services backed by accepted invoices, according to the company.
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<p>Nirmal Dahal, team leader of Sakchyam, and Subash Sharma, CEO of F1Soft International, signed the agreement on behalf of their respective organizations during an event held in the capital on Monday, October 8.</p>
<p>Under this partnership, F1Soft International will develop and operate an online platform titled QuikBhuktani for quick withdrawal of money. The solution will link small and medium suppliers of large businesses, and banks through an online platform to enable reverse factoring, facilitating instant access to credit for suppliers.</p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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<p>Nirmal Dahal, team leader of Sakchyam, and Subash Sharma, CEO of F1Soft International, signed the agreement on behalf of their respective organizations during an event held in the capital on Monday, October 8.</p>
<p>Under this partnership, F1Soft International will develop and operate an online platform titled QuikBhuktani for quick withdrawal of money. The solution will link small and medium suppliers of large businesses, and banks through an online platform to enable reverse factoring, facilitating instant access to credit for suppliers.</p>
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<p>Nirmal Dahal, team leader of Sakchyam, and Subash Sharma, CEO of F1Soft International, signed the agreement on behalf of their respective organizations during an event held in the capital on Monday, October 8.</p>
<p>Under this partnership, F1Soft International will develop and operate an online platform titled QuikBhuktani for quick withdrawal of money. The solution will link small and medium suppliers of large businesses, and banks through an online platform to enable reverse factoring, facilitating instant access to credit for suppliers.</p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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