X10 Financial Services to facilitate Financial Support Program for Channel Partners

The partnership will help channel partners get financial support for their business expansion

NEW DELHI, India / Singapore – October 5, 2015 – GATES APAC Pte. Ltd today announced that it has signed a strategic partnership with X10 Financial Services Limited, a leading Non-Banking Finance Company (NBFC) to facilitate financial program for channel partners in the supply chain industry at GATES RESELLER CHANNEL SUMMIT. GATES brings the wide network of channel partners into its ecosystem in India and other emerging markets in the South Asia region. GATES offers a unique platform in India that brings together an opportunity to engage and interact with 250 key channel partners from across 50+ cities in India.

Commenting on the strategic partnership, Karan Bhatia, CEO and Managing Director at X10 Financial Services Limited said, “X10 will be using this platform to educate channel partners 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, etc.”

X10 Financial Services’ experts will engage and educate channel partners on various topics covering vendor financing, channel finance for distributors and short term working capital for projects at the summit, organized by GATES. A dedicated series of workshops/panel discussions are also planned for the channel partners.

Ashish Kapahi, CEO at GATES APAC said, “Our partnership will encourage the channel partners to use the platform and seek financial support from the experts that would help them to grow their business at the time when the economy is going through a challenging time. GATES ICT Reseller Summit 2015 looks to ensure the growth of ICT industry in India.”

X10 as a leading supply chain financing NBFC focuses on strengthening borrowers by scaling down their working capital requirement and benefiting distributors by improving their liquidity position, making sure they get their payments promptly and by reducing their credit risk.

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