Obtainly provides fast business credit solutions designed for distributors and agencies. The platform offers low interest rates and rapid 24-hour approval processes for working capital needs. Access to financing is available without requiring collateral, minimizing documentation hurdles for clients.
Funding
$125K 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
Retail distributors often face cash flow challenges when procuring inventory, hindering their ability to fulfill local purchase orders (LPOs) and meet market demand. Traditional financing options may require collateral or involve lengthy approval processes, creating barriers for distributors seeking timely access to capital.
Solution
Suplias provides a financing platform that connects retail distributors with consumer goods manufacturers, offering credit for inventory purchases and LPOs. The platform streamlines the financing process, providing distributors with fast approval and competitive interest rates without requiring collateral. By facilitating access to capital, Suplias enables distributors to secure necessary inventory, fulfill orders promptly, and grow their businesses. The platform aims to bridge the financing gap in the B2B commerce ecosystem, empowering distributors to thrive and expand their operations.
Target Audience
The primary target audience includes retail distributors of consumer goods who require financing to purchase inventory and fulfill local purchase orders.
Features
- Credit lines assigned to distributors for inventory purchases.
- Fast credit approval within 24 hours.
- Financing for local purchase orders (LPOs).
- No collateral required for accessing credit.
- Online platform for registration and credit requests.
- Regular payment options for inventory financing.