SOLV Partners Standard Chartered Bank to Launch MSME Credit Card

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SOLV Partners Standard Chartered Bank to Launch MSME Credit Card

  • SOLV, a B2B digital platform for Micro, Small and Medium Enterprises (MSMEs), has launched a credit card tailor-made for the MSME segment, in partnership with Standard Chartered Bank, India.
  • SOLV, registered as Standard Chartered Research & Technology India Pvt. Ltd., is a fully-owned entity of the London-headquartered Standard Chartered Group.
  • The digital platform, in a statement, said the SOLV MSME Credit Card provides business owners with a ready means to meet ongoing business expenses including supplier payments, fuel, logistics, purchase of raw material, utility payments and working capital outlays.
  • Per the statement, the SOLV platform will help small businesses trade goods with each other and expand their customer base across India.
  • The platform said MSMEs are not charged any credit card joining fee, and the card comes with cashback, including 5 per cent cashback on fuel transactions, and reward features.
  • Nitin Mittal, CEO, SOLV, said, “This credit card will help small business owners’ tide over immediate crises such as paying for daily expenses and logistics costs with ready access to funds from a reputed, reliable partner at an affordable rate.”

About SOLV

At SOLV, we are empowering small businesses by leveraging technology and in turn working toward unlocking the next wave of growth for India. We’re building the foundation for a stronger, sharper, more entrepreneurial India — one small business at a time.

  • Chief Executive Officer (CEO)– Nitin Mittal
  • Headquarter– Bengaluru, Karnataka

About Standard Chartered Bank

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people.

  • Founded – 1969
  • Headquarters – London, United Kingdom
  • Chief Executive Officer (CEO)– Bill Winters
  • Chairman– Jose Maria Vinals Iniguez

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