The startup provides short-term credit services through a technology-focused non-banking financial company (NBFC) aimed at underserved populations, including rural women and urban blue-collar workers. By offering loans of up to 12 months, the company enables these individuals and micro, small, and medium enterprises (MSMEs) to access essential capital for their financial needs.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small retailers and MSMEs in India often face challenges accessing timely and affordable credit for their working capital needs, hindering their ability to optimize inventory and sales. Traditional financing options can be cumbersome, involving lengthy processes and extensive documentation, making it difficult for these businesses to secure the necessary funds quickly.
Solution
Davinta provides a technology-driven supply chain finance platform, TradeMate, that enables retailers, brands, and distributors to access customized credit programs and manage their financial operations through a unified interface. The platform offers features such as instant onboarding, automated underwriting, and digital invoice processing to streamline the financing process. By partnering with brands and distributors, Davinta offers exclusive credit solutions to retailers within their network, facilitating faster cash conversion cycles and increased sales.
Target Audience
Davinta primarily targets retailers, distributors, and brands in India, specifically those in the consumer durables, home appliances, and FMCG sectors, seeking to optimize their working capital and streamline financial operations.
Features
- Digital onboarding process using PAN and Aadhaar for KYC verification
- Automated invoice parsing for faster loan approvals
- Customizable credit limits, tenure, and repayment schedules
- Real-time data analytics for sales trends, payment behavior, and credit outstanding
- Mobile app for retailers to request credit and manage transactions
- Integration with B2B e-commerce platforms for checkout finance
- Automated reminders and payment collection tools
- No penalties on full or partial loan prepayments