F1Soft International has partnered with UKaid Sakchyam Access to Finance Programme (Sakchyam) to introduce “online reverse factoring platform” to enhance access to finance for MSMEs in Nepal.
Under this partnership, F1Soft International will develop and operate an online platform named "QuikBhuktani". The solution will link small and medium suppliers of large businesses/ anchor firms, and banks through an online platform to enable reverse factoring, facilitating instant access to finance for suppliers.
Using this online system, banks can offer low-risk short-term finance to suppliers, who sell their goods/services to large businesses/anchor firms on credit, and they will have convenient and non-collateralized access to funds backed by accepted invoices.
