Singapore (CU)_ Kaddra Pte Ltd announced a collaboration with CardUp, a credit card assistance network, to provide consumers with a special opportunity to profit from this partnership by lowering technology setup costs and increasing cash flow at a low cost.
Kaddra is a technology firm based in Singapore that delivers eCommerce services and marketing solutions via the white-label end-to-end platform to its customers. Kaddra will boost sales operations, marketing scope, and customer experience to new heights by leveraging the power of mobile technology. Over a dozen of SMEs in various industries are already using this unique subscription base model for indigenous mobile technology to build their next generation of businesses.
Quentin Chiarugi, Executive Chairman and CEO of Kaddra Pte Ltd, said, “It always feels great to partner with companies sharing a similar vision. The financial impact this past year, on SMEs especially, has been unprecedented, by both the loss of revenues and the fixed costs that businesses had to support. With this partnership, we hope that both Kaddra and CardUp will contribute to turn the situation around and protect businesses so they can maximize their growth potential”.
CardUp is a credit card enablement network that helps businesses transfer their business expenses to credit cards, even in places where credit cards aren’t approved. For example, you can pay a landlord’s rent or pay a supplier abroad for invoices using the credit card. To defer the effect of these payments on their cash flow for up to two months without interest, CardUp allows companies use their usable credit cap. Simultaneously, companies digitize processes and benefit from additional cost savings from card rewards received on business expenditures.
Nicki Ramsay, founder and CEO of CardUp, said, “During these unprecedented times, many businesses are investing in digital capabilities such as Mobile eCommerce, which requires immediate working capital. Our partnership with Kaddra comes at the right time because CardUp helps businesses tap into their underutilized credit card limits as a fast and flexible source of working capital to fuel investments into growth. It’s great to be working with Kaddra as our companies both focus on providing accessible options for businesses to grow to their full potential”.
When businesses sign up with Kaddra, they’ll get a discounted setup and onboarding fee, as well as a 35 percent discount on their initial CardUp payment. To permit card payments in areas where cards are not used, there is a small processing fee. This combination provides excellent support for SMEs looking to make the transition to digital transformation with less risk. For this special service, email at info@kaddra.com, chat in the “Kaddra World,” app or visit web site: www.kaddra.com.
