What kind of business will Whizunik conduct?
Whizunik will onboard sellers and buyers after carefully analysing their credibility according to the company’s internal policies with an intention to arrange financing solutions for them through its empaneled list of financing institutions. Sellers/Buyers will register on Whizunik’s platform organically or through intermediaries or through direct Whizunik sourcing. These clients will undergo an assessment on the platform. Once the clients are registered together with Whizunik their needs will be analysed and Whizunik will provide them best financing solutions.
Who qualifies as a seller?
Any business that can provide goods and services to it’s customers and passes Whizunik’s assessment as per the internal supplier policy qualifies to be registered as a seller with Whizunik.
Who qualifies as a buyer?
Any business that needs to buy raw material or finished goods to either manufacture or sell to end consumer and who passes the assessment as per the internal buyer onboarding policy qualifies to be a registered buyer with Whizunik.
Frequently asked questions
How does Whizunik access credibility of it's customers?
Whizunik has developed and implemented comprehensive procedures and a Credit Policy.This policy addresses the below:
Application procedure;
Supporting documentation requirements;
Seller’s credit assessment;
Risk category assignment;
Approval procedure; and
Ongoing monitoring.
Third-party service providers (such as Credit Reporting Agencies), open-source applications and internal algorithms will be utilised to automate the above procedures as much as possible.
What other policies and procedures does Whizunik Follow?
Whizunik has developed and implemented the following policies and procedures:
AML Policy and Program, including Know Your Customer (KYC) procedures in compliance with the Anti-Money Laundering.
Whizunik Platform and Website Use Policy and Terms and Conditions;
Third Party Service Providers System Access Policy and Procedures;
Corporate Governance policies and procedures;
Treasury Policy and Procedures;
Enforcement and Debt Recovery Policy and Procedures; and
Whizunik Internal policies and procedures addressing sales and marketing, social media, HR and other internal business matters.