Razorpay and Visa have launched RazorpayX Corporate Card. Close to one-third of the small businesses segments dip into their personal funds to stay afloat, especially in the times of the pandemic.
The idea is to help businesses free up their working capital expenses with zero personal risk and liability and a convenient repayment offering of up to 45 days of interest-free credit, aiming to provide the business owners with easy financing and improved cash flows. The card will be issued on the basis of cash flows of the business.
"Credit is one of the biggest requirements for businesses today. It is one of the problems we have been looking to solve for sometime. The idea is to help startups and SMEs get a corporate credit card in the name of the company," said Harshil.