Walmart collaborates with Citi to offer suppliers a digital lending platform

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Together with Citi, Walmart is developing a platform that links its network of 10,000 US-based small business suppliers with numerous lenders.

According to Walmart, suppliers can communicate with more than 70 lenders using a single loan request form, and these lenders can offer loans of up to USD 10 million to qualified companies. Following the submission of a request, the platform matches suppliers with a variety of prospective lenders who can assess their requests.

Walmart said that this results in a more effective loan process for both lenders and suppliers, and it also gives suppliers more power by giving them convenience and access to capital.

Read More: Walmart partners Citi on digital lending platform for suppliers

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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