NIC Ventures Launches ‘BeeDee’ an Online Service for Trade Financing

NIC Ventures launches an online service for tender security

NIC Ventures, a subsidiary of NIC Group, in partnership with Masterpiece Fusion, launched a service ‘BeeDee’ for a convenient, quick and efficient self-service process to respond to the strong demand for trade finance.

The new system involves a one-off registration besides eliminating the need for an individual to belong to a bank or a network to access bid bonds. It also curtails delays due to unprocessed payments.

The service is available to both customers and non – customers seeking to quickly request for and receive bid bonds.

“With this service, no one should be disqualified for delayed or late submission of bid bonds” James Muigai, NIC Ventures GM said during the launch.

“Our new innovative service is driven by strong demand for trade finance and is aligned with our strategy of consolidating the notable gains we have made in digital innovations and our endeavor to go paperless in our offerings. BeeDee, therefore, affirms our commitment as NIC Ventures to build and roll out products to enhance customer experience and financial inclusion.

The BeeDee portal, available on mobile devices and web through a mobile phone application and web portal, allows user mobility.