What is SwitchPe?

We operate SwitchPe, a supply chain finance platform tailored for micro and small enterprises. SwitchPe aims to provide essential support to small businesses in India by offering access to unsecured credit lines and seamless connectivity to competitively priced suppliers. The platform features an intuitive user interface that allows shop owners to explore products and manage payments efficiently, with the added benefit of cashback on full repayments.

Our SwitchPe platform can be accessed by distributors and retailers through its mobile application, SwitchPe One, our expert supply chain management application designed to facilitate the growth of our customers’ businesses. SwitchPe One is a credit-backed payment solution, designed specifically for merchants to optimize their working capital requirements. It provides integrated lending solutions by consolidating in one place services such as bookkeeping, working capital credit, digital payment options and optimization of available channels of promotion. Through this infrastructure, we connect distributors to merchants. On the application, users can identify distributors and explore various offers, facilitating the creation of business relationships amount distributors and retailers. SwitchPe enables users to place orders at the best prices available in the market and earn cashbacks on payments. As of September 30, 2024, we had 3,299 users on the SwitchPe platform.

Features and Benefits

  • No joining fees, paperless onboarding.
  • Upto 14 days of free credit (Upto 0.08% per day interest post interest free period), flexible repayment terms.
  • No foreclosure charges, interest is paid only on the number of days limit is being utilized.

Eligibility

  • The applicant must be the Business Owner

Fees and Charges

  • Convenience charge: INR 100 from year 2 (will be included in the monthly bill of the 13th month)
  • Limit enhancement charge: INR 50
  • Bounce charge: INR 300
  • Late Payment Charges: Upto INR 25 per day
  • Cash Collection charges: INR 100