Ditto launches the first 100% digital short-term credit offer for SMEs

digital short-term credit

Cash management is a daily challenge for small and medium-sized businesses, including those in good health and for whom everyday counts. In this context, Ditto is launching the first 100% digital short-term credit offer, also available as a white label, for these companies, and distributed through prescribers and solution providers for SMEs: marketplaces, fintechs, neobanks, brokers and finance professionals.

At a time when the economy is accelerating and new banking practices are emerging, SMEs also expect more services, flexibility and predictability.

This is why Ditto is committed to:

  • An unprecedented time to yes: the company will receive an answer on its eligibility in ten minutes and receive a firm confirmation in 24 hours;
  • A receipt of funds within 72 hours;
  • Total transparency on the rate with no hidden fees;
  • A 100% digital offer and no requirement to open a bank account.

Funding can be up to 150,000 euros, over a period of 3 to 12 months.

Several prescribers and solution providers for SMEs have already chosen to engage with Ditto:

  • The portal dedicated to entrepreneurs, published by Cegid, a specialist in management solutions for companies and accountants: http://portail.cegid.com
  • The French Fintech Qard specialized in financing of e-merchants
  • And the French start-up Mansa, to facilitate access to credit for self-employed or freelancers still underserved by traditional banks.

Mung Ki Woo, CEO at Ditto explains:

We are very proud to announce the launch of this 100% digital short-term credit offer, which meets a real business need. This simple, modular and easily-integrated financing solution is part of the more global open-banking revolution and positions Ditto as a player in Banking-as-a-Service in France”.

digital short-term credit

Damien Mahinc, from Cegid:

Entrepreneurs expect a simple, transparent and affordable credit access experience as soon as possible. By offering access to short-term credit through https://portail.cegid.com, Cegid and Ditto strengthen the entrepreneur in the control of their financing while giving them productive time to focus on their core business.”

digital short-term credit

Azzeddine Chaibrassou, CEO and founder of Qard:

Qard’s mission is to finance the cash flow of e-merchant companies quickly and efficiently by exploiting alternative sector-specific data. With Ditto as a partner, we will be able to expand our financing capabilities while maintaining our value proposition.”

digital short-term credit

Ali Rami, CEO from Mansa:

We are delighted to work with a partner like Ditto, putting its banking expertise at the service of the new economy to democratize and digitalize access to credit for freelancers.”