New Delhi, June 26 -- In a bid to cater financial needs of COVID hit Micro, Small and Medium Enterprises (MSMEs), Instamojo, has launched InstaCash to enable merchants to gain access to working capital.
Merchants can avail loans for upto Rs 1 lakh, for a period of 7 14 days. Instamojo will instantly transfer the amount to the customer once the request has been placed, including convenience and processing fee charges.
Availing funds instantly will help manage immediate operational expenses until the next cycle of revenue is received.
Highlighting the battle of micro-businesses against the liquidity challenge, Sampad Swain, Co-Founder & CEO, Instamojo said, The growth of MSMEs has long been hurdled because of two primary reasons whi...