67% of Manufacturing Businesses Are Interested in Flexible Financing Solutions EquiDEI surveyed SMEs and MSMEs to find out insights into the financial ecosystems

6^th, April 2022: EquiDEI, a Blockchain-based financial services provider, in a recent survey revealed that 67% of manufacturing businesses are comfortable with adopting flexible financing solutions.

●  A total of 500 manufacturing businesses participated in the survey.

● The audience demographic with an annual turnover

1. Below 15 lacs: 45%

2. 15 to 50 lacs: 32%

3. 50lacs to1 crore: 13%

4. Above 1 crore: 10%

India is one of the fastest-growing economies in the world and a major driving force of this growth comes from the Micro, Small, and Medium Enterprises (MSMEs/SMEs). 99 percent of the businesses in India fall in the MSME category, a third of which are manufacturing enterprises that need finance for their business. The traditional methods of bank financing are cumbersome and these enterprises would be open to flexible financing solutions. In the survey 75% of respondents said that they don’t trust the banking services when it comes to loans because of high-interest loans, customer services, red-tapism, etc. 67% of respondents said that they would be open to flexible financing solutions whereas 15% of respondents said that they are still comfortable with traditional bank financing solutions and 18% said they will think about it.

According to Raghav Gupta, Founder of EquiDEI, “The results reinforce what we have seen in terms of SME's growing interest in solutions other than Traditional finance. It is an emerging market for EquiDEI and we seek to tap this opportunity by effectively utilizing blockchain technology to provide low-cost credit to SMEs, and at the same time mitigate the risk using asset-backed securities".

EquidEI is a DeFi platform that enables manufacturing SMEs to get easy access tofinance based on their assets. The idea is to tokenize under-utilized assets in manufacturing supply chains and channel the yield from these assets to provide cheap funds to supply chain entities.  Based on tokenized assets and data from these supply chains we offer management analytics to our customers, helping them to get better insights to run and scale their business.

EquiDEI aims at being a lending platform offering loans at an interest lesser than banks and other FinTech companies. EquiDEI will also act as an umbrella for the MSME allied industries and organizations. Onboarding supply chain entities from allied industries will ensure transparency in the MSME sector is maintained while ensuring liquidity for all individual businesses.