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SOLV partnered with Standard Chartered Bank to Launch Credit Card for MSMEs

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SOLV launches credit card for MSMEs with Standard Chartered BankSOLV, a B2B (business to business) digital platform for Micro, Small and Medium Enterprises (MSMEs), has launched a tailor-made credit card in partnership with Standard Chartered Bank, India. SOLV MSME Credit Card provides MSME clients with a ready means to meet ongoing business expenses including supplier payments, fuel, logistics, purchase of raw material, utility payments and working capital outlays.

  • Importantly, SOLV, registered as Standard Chartered Research & Technology India Pvt. Ltd., is a fully-owned entity of the London-headquartered Standard Chartered Group.

Key Points: 

-MSMEs clients would not be charged any credit card joining fee, and the card comes with cashback, including 5% cashback on fuel transactions, which would effectively make more than two litres of petrol free on a fuel spend of Rs. 4000 every month.

-The SOLV platform will help small businesses trade goods with each other and expand their customer base across India. SOLV’s mission is to enable MSMEs digitally and find innovative solutions for their challenges.

About SOLV:
Chief Executive Officer (CEO)– Nitin Mittal
Headquarter– Bengaluru, Karnataka

About Standard Chartered Bank:
Chairman– Jose Maria Vinals Iniguez
Headquarters– London, United Kingdom