Solv app is a B2B conversational marketplace for MSMEs in Kenya. MSMEs interact with suppliers and financiers to access working capital financing to fund their invoices and hence grow their business.MSMEs take out unsecured recurring working capital loans on your own terms with affordable fees. Request financing through our secure app once you have been registered and your supplier will get paid instantly.Being bank agnostic, Solv allows you to select the financier to fund your invoice, due date, and terms.Key Solv Features:MULTIPLE FINANCIERS• Solv has partnered with multiple financial institutions to provide optionality.• MSME can accept more than one financial partner to provide limits.AFFORDABLE• Solv and our financial partners offer competitive and transparent pricing.• Choose a repayment date in line with your business cash cycle for success. CONVENIENT• No paperwork, all digital fulfillment.• 24/7 accessible and easy to use.• Funds are directly sent to the supplier as per invoice. TRUSTED• Standard Chartered group world-class governance to secure your information with SSL Encryption and in line with Data Protection Act.How it works1. Discuss with your supplier and join the Solv supply chain finance program.2. Once recommended and registered, download the Solv app and start the journey.3. Supplier raises an invoice tagging the specific MSME.4. MSME accepts the terms and selects, the repayment due date the financial institution to finance the invoice.5. Accepts T&Cs and funds are sent directly to the supplier.6. MSME obtains the goods.7. On the repayment date, MSME makes repayment to the financial institution.8. Borrow again after repayment.Who can apply• Any business registered in Kenya.• Valid COI/BRN/Permit or License. Rates and Fees• As advised by the financial institution providing the limit.
Solv
