IOUX Introduces Cheque Payment Assurance Undertaking

Posted May 25, 2021 by Kalpana_Narula

Petit Moyen Kapital has launched a unique Cheque Payment Assurance tool, which helps to create a quick, simple & smart online system to enable small & medium businesses or individuals to exchange & execute legally enforceable agreements & contracts.

IOUX, which is a unit of Petit Moyen Kapital – an RBI registered NBFC, is an innovative Fintech platform for the creation and finalisation of any legal agreements or contracts and offers various other services such as eKYC, eSigning and e-stamping (Online order and provisioning of Stamp Papers) The mechanism allows users to make edits and finalise documents on the go, enabling them to execute contracts in a one-stop integrated and speedy fashion.

The platform was launched by Mr. Vineet K. Sachdev and Dr. H.P. Kumar. Mr. Vineet K. Sachdeva has previously been involved in consulting and advising various business organisations to achieve success in areas of Information technology and Finance.

Dr. Harish Pal Kumar has had a notable presence in the MSME sector for over 30 years. Dr. Kumar, former chairman & managing director NSIC (a government of India PSU) has also held several senior positions of corporate head of finance of public sector corporations, and has been a member of various committees of the government concerning issues related to banking, finance & industry and the MSME sector in particular.

IOUX was launched with the aim of formalising and digitizing contractual and financial operations in the MSME sector, and aims to create a fast, intuitive system for individuals or business entities to be able to instantly form legally enforceable commitments with each other. The product also provides services related to the digital financing of bills and invoices, along with unique tools like Cheque payment Assurance and Invoice Payment Commitment, aimed at circumventing the problem of delayed payments faced by a majority of the MSME sector.

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Contact Email [email protected]
Issued By IOUX
Phone 08929719902
Business Address 401 - Arunachal Building,
19, Barakhamba Road, New Delhi 110001
Country India
Categories Finance , Legal
Tags cheque payment assurance , ekyc , esign , legal services , smart contract
Last Updated May 25, 2021