Tiger Logistics and OneNDF sign an agreement to provide collateral-free financing for SME exporters

Global logistics company Tiger Logistics (India) announced Monday that it has signed a deal with online lending marketplace OneNDF to provide SME exporters with collateral-free freight value financing. The collaboration will also help Tiger Logistics integrate the financing solution with its FreightJar digital freight booking and management platform to give these exporters improved access to cash, it said. The freight value financing solution will make it possible to finance 90 percent of the export invoice value within 48 hours, according to the company.

“SME exports are vital to the economy and bridging and providing access through short-term finance will open up new opportunities for us to scale in the SME segment,” said Harpreet Singh Malhotra, Chairman and Managing Director of Tiger Logistics (India) Ltd. The connection with OneNDF will enable the company’s SMB customers to access working capital seamlessly and without collateral, he added.

The cooperation will help Tiger Logistics increase its sea and air freight exports and explore its growth potential through deeper market access of the SME sector, the company said. The solution will also be facilitated by the choice of multiple lenders, allowing SMEs and MSME exporters to secure capital at low interest rates, it said.

“We understand how timely access to capital can act as a catalyst for a company’s growth. “This collaboration will add value to our customers, providing them with a one-stop solution ranging from their logistics to debt financing needs,” said Nitin Khandelwal, co-founder and CEO of OneNDF.

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