Funding
Funding not disclosed
Founders
Product
Problem
Retailers often face working capital constraints, limiting their ability to procure necessary inventory and raw materials. Suppliers, in turn, experience challenges in extending credit and ensuring timely payment, which can hinder sales growth and introduce credit risk.
Solution
Credit2b operates a B2B marketplace that facilitates the use of retailers' card receivables as a payment method for inventory purchases from suppliers. This platform enables retailers to leverage their existing card transaction balances to acquire raw materials without upfront costs or anticipation fees. For suppliers, Credit2b provides a mechanism to offer extended credit terms and guarantees payment, thereby reducing credit risk and enabling them to increase sales volume. The platform aims to optimize cash flow for retailers and enhance payment security for suppliers, strengthening the overall supply chain ecosystem.
Target Audience
The primary users are retailers seeking to improve working capital and suppliers looking to expand sales and reduce credit risk in their B2B transactions.
Features
- Marketplace connecting retailers and suppliers for inventory procurement.
- Enables retailers to utilize card receivables as payment for raw materials.
- Offers zero upfront costs for retailers on inventory purchases.
- Provides suppliers with guaranteed payment, mitigating credit risk and delinquency.
- Consolidates card receivables from multiple payment processing machines into a single platform for retailers.
- Facilitates increased credit limits and extended payment terms for retailers.
- Offers suppliers the ability to expand sales to new and existing customers with payment assurance.
- Features a reconciliation and accounts receivable management tool for retailers.