Digital lending platform, Capital Float, the largest has partnered with Payworld to provide kirana store owners with convenient financing options, enabling them to expand business operations. According to Capital Float, small retailers are often underserved by traditional financial institutions because of their limited credit history. These retailers can now avail hassle-free working capital from Capital Float, which will help them manage inventory and cash flows with added scalability. Through this partnership, Capital Float will provide small retailers with collateral-free loans, which will help to exponentially increase their capacity to do business on the Payworld platform. Once the loan is approved, the retailer can request for funds using the Capital Float mobile app and the funds are disbursed within 10 minutes. \u201cDue to the lack of established lending norms and consequent delay in financing activity, existing and new players in the retail space have lesser access to credit, which affects their growth and expansion plans\u201d, said Gaurav Hinduja, Co-Founder, Capital Float. \u201cWith Payworld, we have simplified the lending process so that neighbourhood kirana stores are able to fulfil their financial needs and better service their customers,\u201d he added. A proprietary algorithm developed by Capital Float uses non-traditional, surrogate data sources, including each retailer\u2019s performance on the Payworld platform, to build a personalised credit profile and provide customised finance options to the retailer. In the long term, this will also develop an official credit profile for these retailers, thereby increasing their chances of availing credit products from traditional financiers.