udaanCapital Partners with Northern Arc Capital Limited

udaanCapital, one of India's leading fintech players, said it has partnered with Northern Arc Capital Limited to facilitate the payment of loans to over 50,000 Kirana and small retailers.

With udaanCapital, the fintech division of e-commerce company udaan, such retailers can purchase for stores from various suppliers on the udaan platform using credit lines provided by lending partners. As a result, udaanCapital also catalyzes Kirana commerce on its platform.

Today, more than one-third of sales of udaan, India's largest business-to-business (B2B) trading platform, use udaanCapital. udaanCapital is currently promoting the payment of over Rs 8,000 crore annually to over 150,000 Kirana and SMEs nationwide. The credit limit offered ranges from Rs 10,000 to Rs 25 lakh and the repayment terms offered are short-term.

Northern Arc is a financial services platform with diverse business models that provides credit to MSMEs, households, financial institutions, and startups. Over the past year, we have made more than 5 million loans through our all-digital journey in the form of business loans, personal loans, and BNPL facilities.