Is the Future of F&B Financing Here with Watermelon and Biz2X?

10x Industry

Mokshita P.
10x Industry
Published:

Is the Future of F&B Financing Here with Watermelon and Biz2X?

This collaboration streamlines access to capital for SMEs, enhancing growth and sustainability through innovative, tech-driven financial solutions. Quick funding and flexible repayment options empower food and beverage businesses.

Have you heard about the exciting new collaboration between Watermelon Ecosystem and Biz2X? Watermelon, which is making waves in food and beverage technology, has teamed up with Biz2X, a well-established fintech from New York that specialises in SME financing.

Biz2X operates Biz2Credit’s lending platform and has helped businesses secure over US$10 billion in funding worldwide. They’ve been a trusted partner for Fortune 500 companies and many top US banks, providing digital loans, including those backed by the US government’s Small Business Administration.

Now, Watermelon is bringing that same level of financial expertise to F&B businesses in the MENA region. This partnership is really transformative; it's all about enhancing financial options for food and beverage companies, which is crucial for food security and sustainable growth in the area.

So, what does this integration mean for Watermelon’s clients? Well, for starters, merchants can apply for financing directly through Watermelon’s platform, making it super convenient. Thanks to Biz2X’s technology, they can even get prequalified without all the usual paperwork, which really speeds things up.

Once prequalified, merchants receive various financing options from multiple lenders, making it easy for them to find the best fit. They can choose their preferred loan and enjoy a quick onboarding process. Approved merchants can access funds in just 24 to 48 hours, so they can invest in inventory or other essential areas almost immediately.

Repayment is also flexible, allowing merchants to pay back their loans through various online methods. Plus, throughout the loan lifecycle, Watermelon will leverage Biz2X’s advanced technology for real-time support, helping SMEs manage their funding effectively.

For lenders, this partnership offers a streamlined way to provide financing. By onboarding to the Biz2X platform, they can use cutting-edge digital underwriting tools to quickly assess creditworthiness, making the entire lending process more efficient.

Rohit Arora, the CEO of Biz2X, emphasised the importance of embedded finance for SMEs, stating that this approach allows businesses to access capital with less friction, so they can confidently purchase the inventory they need for growth.

In short, this partnership is set to empower the F&B sector in the MENA region by making financing more accessible and efficient, ensuring that businesses have the tools they need to thrive.