Muawin, a digital lending entity for small and medium enterprises, has announced a partnership with Retailo, the fastest-growing B2B startup in the MENAP region that is digitizing retail supply chains in Pakistan.
Muawin is Pakistan’s first business-to-business (B2B) buy-now-pay-later (BNPL) company, empowering people to take control of their finances through credit-based & tailor-made digital solutions.
Retailo is a platform that supercharges retailers across the MENAP region with the aim to improve the lives of the unserved segments of society through technology. Retailo has built a large network of 50,000 + retailers and is now operational in Saudi Arabia as well.
This partnership will allow Retailo’s 50,000+ retailers quick, easy and convenient access to credit through Muawin. This strategic move is made possible through close integration between Muawin’s backend and Retailo’s customer application. Retailo’s customers can submit the KYC application, gain approval from Muawin, and place an order for goods on credit, all through one single app.
“We’re really excited to launch this partnership with Retailo. We hope this will catalyze increased access to Pakistani e-commerce outlets, along with easy access to credit.”
~ Moeed Qamar, Co-founder Muawin
This seamless process would enable thousands of underserved retailers access to a platform that allows digitized credit, inventory supply and speedy business growth.
“Retailo’s mission is to use technology to improve the lives of underserved and empower 10 million retailers across MENAP. We have made deep inroads in digitizing supply chains and our partnership with Muawin will allow us to provide credit line to SME retailers which will increase their business and income.”
~ Wahaj Ahmed, Co-founder Retailo
This partnership will initially facilitate the retailers of Karachi and soon expand across other major cities of Pakistan. Muawin and Retailo further plan to extend their partnership in other verticals of retail like wholesale.