Universal Network Systems Limited (BlueEx) Partners with Finja to Offer Credit-Collections for SMEs

Universal Network Systems Limited (BlueEx) Partners with Finja to Offer Credit-Collections for SMEs

Karachi: UNIVERSAL NETWORK SYSTEMS LIMITED (BlueEX) is the first courier & logistics service company in Pakistan that has collaborated with a leading lending and financial services institution, Finja Lending Services Limited (FLSL)a subsidiary of Finja Inc.to offer credit collections from FLSL’s customers; specifically, Micro, Small & Medium Enterprises (MSMEs)/ Karyana Stores, across the country. With a proven record of highest quality of services by both entities, the partnership promises expertise and competitive advantage for these specialized operations and will open new vistas for more innovative ventures. UNSL (BlueEx) has signed up for Finja Business – adigital business operations platform to manage its payment disbursements and e-invoicing/collections for its own business vendors, suppliers and partners.

Being a trendsetter in advanced logistics in the country – BlueEx consequently won the “Brands of the Year” award in 2019 and 2020. Over the years, it has pioneered e-Commerce logistics and fulfillment services in addition to deploying the first-of-its-kind ‘Online Parcel-Booking System’ since 2011. Within a few years of its formation, BlueEx has established the most credible and efficient cash-on-delivery network across Pakistan. All these services are based on revolutionary technological solutions that ensures world-class customer-care and unrivalled accuracy.

Backed by global venture capital firms, Finja is a leading new-age lending platformserving the credit, payments and collection needs of professionals, merchants and SME businesses. Finja’s subsidiaries operate under dual licensing regimes of the State Bank of Pakistan (SBP) and the Securities Exchange Commission of Pakistan (SECP) for its lending and digital payments businesses. With this first-of-its-kind support from both regulators, Finja has forged digital partnerships with banks, FMCGs, distributors, karyana stores, and small businesses. The company has clocked close to Rs. 150 Billion in transactional volume and over Rs. 2 Billion in overall lending.

This local network of Karyana stores is an underserved segment that struggles to avail credit services from financial institutions. They need secured financial assistance to maintain the required inventory-levels, especially during the preventive lockdowns and the global socio-economic disruption caused by the pandemic. The digital solution partnership developed by UNSL (BlueEx) and Finja will transform the financial capacity of the retail sector, by providing accessible financial services. This venture will also help in bringing this segment into the documented economy.

The Chief Executive Officer of UNSL(BlueEx)– Mr. Imran Baxamoosa stated: 

“This partnership is the evidence of our commitment to provide tailor-made services that suit our clients’ needs. It will open many new vistas for a digital Pakistan. BlueEx is building operational alliances with dynamic partners like Finja, for technological deployment to create more value and convenience forcustomers and enable exponential growth through our combined lending and logistics services, to achieve our shared vision for a progressive Pakistan."

Mr. Kamran A. Zuberi (CEO, FLSL) remarked: 

"This partnership excites us as it allows our borrowers an ability to repay their credit facilities from their existing locations instead of having to visit a bank branch. This allows Finja to reach out to a customer segment across the country and throughout the retail value chain. Using Finja’sadvance credit scoringengine and proprietary Machine Learning tools, we are servicingSMEs and MSMEs throughstructured B2B credit-lines along with advance payment platformsfor FMCGs and Distributors to retailers. Finja welcomes this partnership and in its true spirit also offers UNSL (BlueEx) employees exclusive Finja Cards backed by a salary advance credit-line, providing financial freedom to cater to their individual spending requirements.”