Want to Make Your Vendors Happy?

Well, Just Eliminate Your Credit Period! Here’s How!

apply now

What is VenPay?

VenPay allows businesses to speed up their vendor payments by bridging the credit period.
Receive Bill > Make Instant Payment > Get Discount is the new Mantra!

Why VenPay?

Many companies have a pre-determined payment cycle ranging from 15 days to as long as 120 days. However, waiting for such long cycles can cause a working capital crunch for their vendors. VenPay aims to bridge this working capital gap while also passing on the benefit to the companies (i.e., our customers) availing of our VenPay services.

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How VenPay Works?

1

Company registers with VenPay

2

Vendor issues bill to company

3

Company uploads bill on VenPay

4

Company releases payment to vendor & get discount based on credit period

5

Company repays to Retax after credit period expires

Why Bill Financing for Your Vendors?

Here’s why you should immediately begin bill financing of your vendors with Retax:

Upfront Payments

VenPay allows you to pay your vendors upfront, thus improving vendor’s working capital cycle without disturbing your own.

Discount Every Time

You also receive a discount on every vendor bill paid through VenPay. Your vendor may or may not give you discount, but we definitely will!

Nominal Charges

Vendors can get their payments upfront at just a nominal charge based on the credit period.

Improved Reputation

It can significantly improve your reputation as being the company that releases payments upfront.

100% Online Application

Complete paperless process and you can apply directly from Retax’s website.

Credit Period Elimination

Now even small businesses can seamlessly deal with big corporates without having to wait for months to get payment.

Quick Payments

VenPay allows businesses to pay their vendors upfront, thus improving their working capital cycle.

Nominal Charges

Vendors can get their payments upfront at just a nominal charge based on the credit period.

Discount Every Time

Businesses also receive a discount on every vendor bill financed through VenPay. Your vendor may or may not give you discount, but we definitely will!

Improved Reputation

It can significantly improve your reputation as being the company that releases payments upfront.

How to Get Started?

1

Complete online application and upload documents

2

We will process your application and assign the sanction limit

3

You will get access to VenPay portal to start releasing vendor payment

4

Repay Retax after the expiry of your credit period

What Retax Means for You?

Comprehensive Dashboard

VenPay’s comprehensive dashboard allows you to conduct all the transactions in a single place. You can register vendors, create bills, pay vendors and even pay Retax after the credit period – all from a single place.

Intuitive Reports

VenPay dashboard gives you real time updates of the total amount financed, the total amount you saved and the limit available after every transaction. Further, the reports help you get comprehensive details, whether date wise or vendor wise.

User Friendly Interface

VenPay’s user friendly interface makes it quite seamless to complete your entire vendor payment transaction. The interface resembles your everyday accounting software – what could be simpler than that?

Dedicated Support

Having some confusion? Don’t worry, we got you covered! Our friendly and knowledgeable customer support team is available to assist you at every step of the process. Know everything and anything about the registration process, charges, discounts and any other query you may have by talking with our expert assistants.

About Us

Retax is one of the emerging fintech companies that is building the modern day financial products to meet the financial needs of businesses. It is founded by experienced Chartered Accountants with a deep understanding of taxation and financial services. It is driven by a vision to revolutionise financial services in India by introducing pioneering products that alleviate working capital issues for businesses by bridging gaps and providing more liquidity.

Want to be a part?

Apply now

Contact Us
9157969219
official@retax.in