Recently, Tianxing Digital Technology and Industrial and Commercial Bank of China have launched digital financing activities for small and micro enterprises and real enterprises to help small and micro enterprises to further reduce financing costs.
From now until March 31, 2022, new customers who register and conduct business through the Tianxing Supply Chain Platform can receive a 50% reduction in handling fees when they initiate financing with ICBC.
In recent years, the cooperation between Tianxing Digital Technology and ICBC has continued to deepen in the field of digital services for small and micro enterprises and real enterprises.
Relying on the Tianxing food stamp business under Tianxing Digital, the two parties will jointly "serve micro and help small" in a digital form to provide convenient, efficient and low-cost digital industry financial services for small, medium and micro enterprises.
Photo courtesy of the enterprise
Tianxing Foodstuff is a digital industry financial service product developed by Tianxing Digital and has been verified and polished by multiple industry supply chains. It is an electronic credit certificate that is traceable and non-tamperable based on accounts receivable.
Based on the real trade background, multi-level suppliers in the supply chain can apply for financing from banks with electronic creditor's rights certificates.
Relying on Tianxing food stamps, upstream suppliers can obtain low-cost financing from financial institutions such as banks at any time according to the required amount.
In this way, suppliers can flexibly guarantee their own capital turnover according to their own capital situation.
In December last year, Tianxing food stamps were officially launched at ICBC, marking that the cooperation between Tianxing Digital and ICBC in the field of supply chain finance has entered a new stage of development.
The two parties will deepen and penetrate the industrial chain around core enterprises, continue to extend service boundaries, and transfer the credit of core enterprises to tier-1 to multi-tier suppliers through digital technology, so as to solve the problems of difficult and expensive financing for small and micro enterprises in the industrial chain.
Up to now, Tianxing Digital Technology has achieved direct system connection with Industrial and Commercial Bank of China, and all processes have been online, making the financing of small and micro enterprises and real enterprises more efficient and convenient.
Recently, the two parties jointly launched a preferential and profit-making activity - before March 31, 2022, new customers who register and conduct business through the Tianxing supply chain platform can initiate financing with ICBC to reduce the handling fee by 50% - which aims to provide digital services through digital services. Help small and micro enterprises to further reduce financing costs.
The implementation of Tianxing food stamps in banking and financial institutions including ICBC can effectively relieve the capital turnover pressure of upstream and downstream small and micro enterprises in the supply chain industry chain, improve the efficiency of accounts receivable circulation of small and micro enterprises, practice inclusive finance, and help the real economy .
Lin Shiwei, CEO of Tianxing Digital Technology, said that Tianxing Digital Technology originated from physical intelligent manufacturing and serves physical intelligent manufacturing. , the digital upgrade of the industrial chain and supply chain, and work with financial institutions such as banks to serve the financial needs of physical enterprises, industrial chain supply chains and individual consumers.
Up to now, Tianxing Digital Technology has helped more than 5,000 entities to obtain bank credit of more than 100 billion yuan in total, reducing the financing cost of these entities by about 2 points.