Mangxo provides a web-based platform that enables suppliers to offer credit financing for construction materials, ensuring 100% payment guarantee within 72 hours in case of customer default. The system allows for rapid purchase approvals in under one minute, streamlining the sales process and reducing financial risk for suppliers.
Funding
Funding not disclosed
Founders
Product
Problem
Suppliers of construction materials face financial risks when offering credit to customers, including delayed payments and potential defaults. Traditional credit checks can be time-consuming and may not provide a complete picture of a customer's creditworthiness, hindering sales and tying up capital.
Solution
Mangxo provides a web-based platform that enables suppliers to offer credit financing for construction materials with a 100% payment guarantee, ensuring suppliers receive payment within 72 hours in case of customer default. The platform streamlines the sales process by offering rapid purchase approvals in under one minute. Mangxo allows suppliers to control credit limits and payment terms, reducing financial risk and expanding sales opportunities. The system validates customer information, and if a customer fails to pay, Mangxo guarantees payment, mitigating losses for the supplier.
Target Audience
Mangxo's primary customers are suppliers of construction materials seeking to reduce financial risk and increase sales by offering credit financing to their customers.
Features
- Rapid purchase approvals in under one minute
- 100% payment guarantee to the supplier within 72 hours of customer default
- Web-based platform accessible from any device with internet
- Customizable credit limits and payment terms
- Real-time validation of customer creditworthiness
- Payment via bank transfer or cash