Bengaluru: X10 Financial Services, a leading financial services provider focus on channel partners and other SMES and MSMEs, announced a strategic partnership with GATES APAC, Singapore to augment their business expansion in the rapidly growing Indian ICT market.
X10 will engage with channel partners at GATES and educate them on the portfolio of services in the financing of working capital to SMEs. X10 has a significant presence in businesses such as IT distribution, telecom, and financial services.
Karan Bhatia, CEO- Managing Director at X10 Financial Services Limited said “Following our strategic working relationship with GATES at their debut event in February early this year, we believe that GATES actually offers a unique platform in India that brings together an opportunity to engage and interact with key channel partners from various areas in India on a single forum.
“X10 is keen to leverage this platform to educate channels on financing options that allow more transactions within a single credit cycle and helping companies overcome certain challenges like maintaining a smooth cash flow cycle, accepting and fulfilling larger deals on time,” he said.
He added that ‘X10’ services focus on strengthening borrowers by scaling down their working capital requirement and distributors by improving their liquidity position by making sure they get their payments promptly.”
Ashish Kapahi, CEO at GATES APAC Pte. Ltd said “X10 is a pioneer and innovation-led organization regarding contributing to changing traditional practices. Having them on board is in line with our vision to equip the Indian ICT ecosystem with access to the latest technology and practices in the industry to spur higher growth rates for the industry.”
The GATES ICT Reseller Channel Summit will be held at The Clarke’s Exotica Resort and Spa in Bengaluru between 4th and 6th of October, 2016. The summit will focus on bringing the ICT community under one roof.