Can B2B 'Buy Now, Pay Later' Fix Quick Financing Needs for SMEs?

Money may make the world go round, but credit keeps it moving smoothly in the business world. Traditionally credit terms have been the staple in business to business dealings, but in order to help address cash flow issues a variety of financing solutions have come about, including invoice financing, P2P financing, trade financing, and now Buy Now Pay Later or more commonly known as BNPL.

While mostly focused on supporting consumer purchases, BNPL has made it into the B2B space, which is a much larger market, worth around $125 trillion in 2018 according to Statista data.

Today on Open for Business, we explore the potential of B2B BNPL with Shafik Ali, co-founder and CEO of du-it Malaysia, a Malaysia-based Islamic Fintech firm.

du-it was recently shortlisted as one of the Top 11 startups for RHB accelerator programme.