The board of Spacenet Enterprises India Ltd (spacenet), a global fintech enterprise, has approved to increase its investment in BillMart.com, a Mumbai based fintech start-up that delivers digital working capital loans, supply chain financing, and various other financial solutions related to bills, including bill discounting services to MSMEs and corporates. Spacenet currently holds 12.5 per cent stake in BillMart.com.
The further investment in BillMart.com will help Spacenet to support further MSMEs and create value for their shareholders by increasing revenue, profitability, and market share.
