SMEs are thriving in our geographies however, they do not have access to traditional lending products to grow their business. For this reason, we have launched our latest FinTech B2B offering “ZoodPay Inventory Financing for SMEs” to select Zood ecosystem merchants providing monthly inventory financing and the necessary warehousing technology.
Merchants benefiting from this service will send the financed products to our fullfilment center, where they will serve as collateral together with the customer receivables. We finance up to 80% of the value of the merchant's best-selling products for a period of 30 days and store them in our designated warehouse for free. We provide financing for up to $30,000 per merchant or the equivalent in local currency.
We also offer our merchants the ZoodShip E-logistics service as a package with our inventory financing product. ZoodShip includes fulfillment, packing, pickup points with fitting rooms through our ZoodShip Smart Lockers Network, courier, and postal deliveries for ZoodPay orders. The setup is technology-based and fully outsourced to local 3PL.
ZoodShip guarantees a faster delivery time and reduced delivery costs, enhancing the customer experience. It also helps the sellers in their daily operations.