Funddo is a business lending fintech platform of Areeva. We are solving 63 Million MSMEs’ biggest problem of delayed payments by various entities they work for. The MSME sector contributes 31% of India’s GDP. Despite the key role of MSMEs, they are unable to access formal sources of debt due to structural issues leaving them open to either informal sources (84%) or unfunded growth. The addressable MSME debt demand is 36.7 Trillion. So, we are building an integrated financial business platform to minimize the credit gap by working capital.
Funddo provides a working capital business Credit Line to the MSME business owners and their bottom line which includes suppliers, stockiest, dealers, distributors, wholesalers, and retailers. Business Creditline improves the cash flow, tides over sales fluctuations, and will be able to procure stock, raw materials, machines, and spare parts and make payments to suppliers and vendors in time.
Stage: Early Traction