B2B PayLater

What is B2B PayLater?

B2B PayLater is our embedded financing solution for buyers. At its essence, B2B PayLater allows businesses to buy products, stock up their inventory and defer payment by 30 to 90 days by choosing B2B PayLater at checkout. With our PayLater solution, suppliers get paid instantly while the buyer conveniently repays the transaction amount along with the fees on the date they choose at checkout.

How Does It Work?

Built for Every Industry

Our B2B PayLater solution is tailored to grow business on your platform. It works on any platform where buyers and sellers transact digitally, right from fashion and FMCG to supply chain and industrial equipments.

How Does It Benefit Your Platform?

CrediLinq.Ai’s B2B PayLater integration allows your platform to:

1. Increase customer stickiness by providing lending at point-of-need.
2. Embed a frictionless ‘Checkout’ process on your platform.
3. Empower buyers by allowing them to settle invoices at a later date.
4. Consistently monitor all transactions in real-time by leveraging our plug-and-play APIs.
5. Save on time and costs by outsourcing the entire credit analysis and loan decisions to experts.
6. Leverage an end-to-end digital solution.

How Does It Benefit Your Buyers?

CrediLinq.Ai’s B2B PayLater integration allows your buyers to:

1. Buy more inventory to fuel business growth.
2. Avoid low-order values due to capital constraints.
3. Reduce delayed purchases by empowering them to pay sellers instantly.
4. Increase purchase orders to meet market demands.
5. Choose mutually beneficial payment terms.
6. Accurately maintain their records, as only a single fee is charged.
7. Benefit from a seamless and connected purchase experience.

Product Construct

At a Glance

1. 1–year credit line based on historical buying-selling data and qualitative data like reviews & ratings on the partner’s platform.
2. Credit line subject to annual renewal.
3. A buyer would be able to perform multiple drawdowns.
4. Repayment is made directly to the supplier on the buyer’s behalf.

Underlying Product Parameters

1. PayLater Loan: Linked to the specific accepted invoice.
2. Loan Type: Bullet repayment. Principal and fees are due on the repayment date.
3. Max Ticket Size: Typically up to local currency equivalent of US$ 250,000.
4. Max Tenure: Customizable for your buyer’s needs (e.g., 20/40/60/90 days).

PayLater Fees

1. No charge for approving the credit line.
2. Risk-based pricing for each buyer and up to 2.5% per month.
3. Charged upfront and on loan drawdown.
4. Late charges: None.
5. The upfront fee increased by 4% p.a. during subsequent drawdown incase of late payment.
6. The fee is added to the total invoice amount funded.

Loan Documentation

1. KYC of the buyer.
2. KYC of Individual Directors (at least 2).
3. Alternative Data: Up to 18 months of buyer–seller history.
4. Loan Documents and Letter of Offer: e-signature integration.
5. Access to the company credit bureau (with consent).

Personal Guarantee

No personal guarantee is required to process the B2B PayLater subscription.

Loan Monitoring and Renewal

1. Daily flow data for borrowers to be passed for loan monitoring.
2. Ready-to-draw down limit managed based on business trends.
3. Annual renewal of loan with minimal documentation.

Product Workflow

1. Buyer's dashboard displays a prompt for checking their eligibility.**

2. CrediLinq collects consent to analyse buyer's platform data.**

3. CrediLinq analyses data and provides approval in principle.**

4. We leverage buyer data to pre-populate Letter of Offer.**

5. Buyer sees available credit line and selects invoice to finance.

6. Buyer chooses tenure, reviews charges and then seamlessly checkout.

7. Buyer's dashboard provides a holistic snapshot of the available credit line, fees and repayment tenure.