Services

Channel Finance:
Our channel financial service is offered in association with leading foreign and private sector banks in the country and consists of providing online finance to the distributors/dealers of leading companies. The objective of our channel finance service is to enable client organization to sell to their distributors/dealers on cash basis and eliminate debtors from the books altogether.

Buyer Finance:
In order to provide our buyer community easy access to finance at competitive rates, and to facilitate their purchases through our portal, buyer finance in association with ICICI Bank was launched. The availability of this service has helped the buyers increase their buying capacity, which has lead to greater participation by them on the company portals. This in turn has helped mjunction generate higher revenues.

Insta-loan :
Launched 'Insta-Loan' - an innovative downstream channel finance scheme, in association with Tata Capital Ltd to facilitate Tata Steel distributors sales to the repeated Key Account Customers and Dealers.

eCash Management system:
The buyers can now directly log on to the financejunction site and view payments due from them. They can print pay-in-slips and deposit cheques at the local branch of partner Banks for depositing the payments.

E Bill Presentment & Payment :
Recognizing that there is much inefficiency in systems for collection of payments of clients from buyers spread across the geography of the country, financejunction has designed a process for the swift and secure collection of money from all across the country. Its many advantages include Reduced Float since there is instant credit, faster receipt of payments, ease in making payment for the buyers. In addition, faster receipt of payments result in faster issue of orders and dispatch of goods.

Testimonials

  • I have noted that mjunction has become the world's largest marketplace for steel, and the goal set to bring in more transformations. mjunction team deserves to be complemented on these achievements.
    Mr. Ratan Tata, Chairman, TATA Sons

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