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Business EconomyPosted at: Oct 6 2015 2:18PM


X10 Financial services extends financial support program for SMEs

New Delhi, Oct 6 (UNI) Gates Apac Pte. Ltd today said it has signed a strategic partnership with X10 Financial Services Limited, a leading Non-Banking Finance Company (NBFC) to facilitate financial program for SMEs in the supply chain industry at Gates Reseller Channel Summit. GATES brings the wide network of SMEs into its ecosystem in India and other emerging markets in the South Asia region. It offers a unique platform in India that brings together an opportunity to engage and interact with 250 key SMEs from across 50+ cities in India, the company said. "X10 will be using this platform to educate SMEs on financing options that allow more transactions within a single credit cycle and helping companies overcome certain challenges like maintaining a smooth cash flow cycle, accepting and fulfilling larger deals on time,'' said Karan Bhatia, CEO and Managing Director in a statement. Our partnership will encourage the SMEs to use the platform and seek financial support from the experts that would help them to grow their business at the time when the economy is going through a challenging time the statement said adding that Gates ICT Reseller Summit 2015 looks to ensure the growth of ICT industry in India. X10 as a leading supply chain financing NBFC focuses on strengthening borrowers by scaling down their working capital requirement and benefiting distributors by improving their liquidity position, making sure they get their payments promptly and by reducing their credit risk. UNI RN KU 1418
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