CYE Retail Tech Ltd.

It is a B2B buy now, pay later platform. About 70% of the retailers don’t have proper documentation for doing business and they don’t keep any business transaction records either. Therefore, they are unable to access formal finance at cheaper rate. While they remain unserved, Informal market leverages this opportunity to lend them money at a higher interest rate. CYE identified the problem and started to address it step by step. First CYE developed a technology platform where retailers can buy products directly from the sellers that benefits them to get the cheaper deals bypassing layers of intermediaries. Secondly, their transactions over the platform leave the footprint to define a profile that enables lenders to extend credit at a cheaper rate.