ePayLater provides a buy now, pay later solution that enables businesses to access instant credit for inventory purchases with a 14-day repayment period at 0% interest. This service addresses the cash flow challenges faced by retailers, allowing them to stock products without immediate cash outlay while ensuring secure transactions across a pan-India network of partner merchants.
Funding
$18.1M 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
Many small and medium-sized retailers in India face challenges in managing their cash flow due to the need to make immediate payments for inventory purchases. This can limit their ability to stock a diverse range of products and capitalize on market opportunities, ultimately impacting their profitability.
Solution
ePayLater provides a buy now, pay later (BNPL) solution that offers businesses access to instant credit for purchasing inventory from partner merchants. Retailers can obtain a credit limit of up to 25 lakhs and repay the amount within 14 days at a 0% interest rate. This enables them to procure goods without immediate cash outlay, enhancing their purchasing power and operational flexibility. ePayLater facilitates secure transactions across a broad network of both physical and digital sales channels, including local distributors and online portals.
Target Audience
The primary target audience includes small and medium-sized retailers across India who require short-term credit to manage their inventory procurement and improve cash flow.
Features
- Instant credit access up to ₹25 lakhs for inventory purchases
- 14-day repayment period with 0% interest
- Integration with a pan-India network of partner merchants and distributors
- Availability across physical and digital sales channels
- Mobile app for easy registration and transaction management
- Secure transaction processing to protect sensitive business data