Registering on BillMart is a quite simple process for any entity. A business user can sign-up on the platform with just a few clicks and fully digital documentations by submitting the details depending upon the type of entity and services it wants to avail, like KYC, GSTIN, CIN, Bank Details, MSME Registration Detail and upload documents for authorization, bank statements etc. Once a registration request is submitted, generally it takes about 2 business days for Business to start using facilities on the Platform.

No. Presently there are no charges for registration, data & documentation charges, annual charges or transaction charges on the Platform.

Depending upon the type of entity and services Business wants to avail, an Authorised Person is required to digitally sign the documents with digital signature or Aadhar based e-sign.

NACH stands for National Automated Clearing House setup by NPCI. NACH mandate is an authorization that a bank account holder provides to Debit funds as per the instruction. BillMart platform takes NACH mandate as security from the businesses to authorise BillMart and/or its Escrow Bank to debit the bank account in case money is not deposited for making payment to the financer on the maturity date. Depending on the entity type and finance facilities needed, NACH may be required.

With the NACH mandates, a greater number of Financers can provide the finance limits to a Business or even existing financers can increase the limit. And with a greater number of Financers providing limits, overall cost of finance comes down and increases finances, thus resulting in more growth.

Yes, the financial information of businesses is secured with the BillMart platform. However, as per the consent granted by the businesses, BillMart is allowed to fetch all the financial and entity information and share the relevant financial details with the Bank, NBFC, other financers, insurance companies, credit rating companies etc. for credit evaluation, decision making and for other processes.

Presently, BillMart supports some of the most critical aspects of the Working Capital with Bill (Invoice) Financing, Discounting, Reverse Bill Discounting and Supply Chain Financing. BillMart is working towards more and more Business-friendly finance facilities and those will be launched soon

Any valid GST Bills / Invoices related to the goods or services provided Any valid GST Bills / Invoices related to the goods or services provided by the seller to the buyer which is outstanding/receivable can be uploaded on the BillMart platform. Uploading e-way bill where available helps in faster processing. The uploaded bill, once approved and accepted by the counter party, is sent to financers for bidding to ensure lowest finance cost for the Business.

BillMart allows any valid GST Bill not older than 3 months and of more than Rs. 50,000 for bill discounting.

BillMart believes that business is the king. And so, Business decides maximum % they are willing to accept for availing finance facility or can decide to keep it open and invite the bids and select the lowest bid.

BillMart allows a maximum period of 180 days as maximum tenure for bill discounting and related transactions

Transaction is said to be with recourse when the party receiving the fund guarantees the financer to settle the liability of the deal if in any instance the counter party does not pay the bill amount on the maturity date. Depending upon the type of entity and transaction, Recourse can be optional or mandatory.

Deal Note is the legally binding document for all parties. It contains details of the transaction like type, finance amount, cost, settlement date, recourse detail etc.

Depending upon the transaction, the fund is credited to the Business account on T+1 or T+2 basis. The details of the same shall be available at the time of transacting and in Deal Note.

The details of the escrow accounts maintained with banks are available on the platform under their profile. Business is required to make pay-in latest by cut-off time as per the Deal Note.