OfBusiness

OfBusiness is a business-to-business (b2b) commerce and financial technology start-up that provides procurement and financing solutions to small and medium enterprises (SMEs) via its technology platform. The platform serves as an avenue for SMEs in the manufacturing and infrastructure sectors with raw material procurement, supplier financing, and project financing needs.

Small and medium enterprises can utilize unsecured credit limits for the procurement of raw materials like steel, TMT, metals, chemicals, polymers, textiles, cement, and building materials, which OfBusiness aggregates.

In March 2023, Ofbusiness introduced an application to assist micro, small, and medium enterprises (MSMEs) with the purchase of raw materials and with obtaining credit. The app provides a solution that enables business owners to compare prices with vendors across India, handle orders, and track a shipment's live location. The company will serve as a buyer aggregator via the app.