This post is also available in: Tiếng Việt (Vietnamese)
Cooperation between Buy2Sell Vietnam and United Overseas Bank (UOB) Vietnam brings innovative lending solution to shop owners on e-commerce sites
Detail at: https://buy2sell.vn/en/uob
Ho Chi Minh City, August 12th, 2020, Buy2sell Vietnam Co., Ltd announced the cooperation between United Overseas Bank (UOB) Vietnam and a B2B platform https://buy2sell.vn/. The cooperation will bring major support for supporting e-commerce platforms businesses with a working capital leveraged on UOB BizMerchant unsecured loan package provided by UOB Vietnam.
UOB Vietnam states that UOB BizMerchant is the first program in Vietnam which provides non-collateral credit to shop owners on e-commerce platforms based on analyzing business data in addition to financial records. The UOB BizMerchant Program is an example of how the Bank exploits financial technology (FinTech) to create and introduce supportive solutions for growing businesses of SME, including individuals, households and companies.
Buy2Sell is a B2B e-commerce platform with the largest import sources in Vietnam. Focused on high-quality imported brands, Buy2Sell meets buyers’ needs to find imported goods and provides for more than 20,000 local retailers/wholesalers since 2016. Buy2Sell also provides goods for online sellers on B2C e-commerce platforms of over 60,000 items such as cosmetics, food & beverage, fashion, household appliances, accessories, technology equipment… etc, from 60 countries around the world such as South Korea, Australia, Germany, Russia, USA, Germany, Singapore, Europe…
This cooperation gives sellers a possibility to receive non-collateral working capital. The conditions are also simple with credit limit is up to 1.6 billion dong (around USD 70,000) based on the latest 12-month revenue on e-commerce sites. Eligible customers are companies / household / individuals in Ho Chi Minh City who own online shop on (B2C) e-commerce sites Lazada, Sendo and Shopee for at least 6 months.
Through Buy2Sell B2B platform, sellers can directly request a loan from the online portal linked from Buy2sell.vn to UOB BizMerchant’s online portal. The approval is done within only 3 working days since full documented applications. BizMerchant unsecured loan is an excellent answer for sellers who want to import more goods during peak season, promote marketing and advertising activities, stockpile materials for large orders, or develop new product lines, etc.