“Our partnership with Chqbook.com will provide a large financial marketplace to our 3 million customer base. It has been our constant endeavor to deliver the best technological and financial support to SMEs to augment the efficiency of their business operations,” said Arvind Mediratta, chief executive officer, Metro Cash and Carry India
Chqbook.com’s marketplace will provide financial services to Metro customers in the B2B sector exclusively. It brings competitive rates and fees from more than 40 Banks, NBFC’s and credit card companies, allowing easier comparisons, instant eligibility checks and quick approvals. It also operates a network of more than 400 experts across 15 cities in the country to facilitate document pick ups within 4 hours and same day or next day approval for loans and credit cards. Chqbook.com will work with banks and payment providers to bring cashbacks, zero EMI products and pay-later schemes, making purchasing at Metro seamless and helping SME’s and others save financing costs.
Chqbook.com will also offer pre–approved products for Metro customers across Home Loans, Business Loans, Personal Loans, Insurance, Credit Cards, and other Financial Services. It’s recommendation algorithm automatically suggests the right products between various categories, giving customers instant approval, paperless documentation and a digital on–boarding experience resulting in quick disbursals and issuance.
“We found a synergy in Metro and Chqbook.com’s approach of unlocking customer value through marketplaces. Our technology, understanding of the financial services sector and our deep commitment to customer service are the cornerstone to create a world class financial service platform. This alliance will help both existing and new customers as they will benefit from the range of products and solutions that Chqbook.com is offering. We are very excited about this partnership and are enthused to work with Metro to bring more innovations and solutions to the evolving SME universe,” said Vipul Sharma, chief executive officer, Chqbook.com.