Fintech firm udaanCapital says it enabled Rs 2,200 cr credit to retailers

Company says 'working capital availability in the country is huge as small businesses adopt digital payments

The financial technology arm of Udaan, the B2B e-commerce firm, said on Wednesday it has enabled credit worth more than Rs 2,200 crore to some 100,000 retailers in FY22.

The retailers sell electronics, lifestyle, general merchandise and other goods, said udaanCapital. The company, through its lender partners, enables small and medium-sized shops to make purchases from suppliers by providing credit.