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  • 3 Common Types of Trade Finance Products Explained

    There are several definitions of trade finance available online, and the terminology employed is intriguing. It is characterised as a "science" and "an imprecise term covering a variety of different activities." Both are correct, as is the nature of these things. Managing the money required for international trade is a precise science. However, within this science, Trade Finance Service has access to a vast range of tools that affect how cash, credit, investments, and other assets can be used for trade.

    Common Types of Trade Finance Products:

    1. Letter of Credit

    A letter of credit is a payment pledge provided by a bank on behalf of the importing client. It's a common trade finance document that you should be familiar with. Essentially, it is a commitment by the bank to pay the exporter the money within a specified time frame and under the terms and circumstances agreed upon.

    It enables sellers and buyers to mitigate some of the inherent hazards of international trade, including currency fluctuations, non-payment, and economic instability.

    2. Purchase Order (PO) Finance

    Purchase Order (PO) financing is intended for SMEs that are experiencing inefficiency in their cash flow. To put it simply, it gives funds to pay suppliers with the validated purchase order in order to ensure seamless cash flow. It enables firms to accept a huge volume of orders while adjusting the lending basis to match their specific requirements.

    This is especially true for SMEs, who frequently get a significant amount of orders but lack the necessary working capital to process them. That is exactly what it does. Even if the volume of orders reduces, there are no ties, so you can quit using it whenever you want.

    Read more: https://www.emeriobanque.com/blogs/3-common-types-of-trade-finance-products-explained

    #Tradefinance #letterofcredit #BankGuarantee #supplychainfinance #SMEs #internationaltrade
    3 Common Types of Trade Finance Products Explained There are several definitions of trade finance available online, and the terminology employed is intriguing. It is characterised as a "science" and "an imprecise term covering a variety of different activities." Both are correct, as is the nature of these things. Managing the money required for international trade is a precise science. However, within this science, Trade Finance Service has access to a vast range of tools that affect how cash, credit, investments, and other assets can be used for trade. Common Types of Trade Finance Products: 1. Letter of Credit A letter of credit is a payment pledge provided by a bank on behalf of the importing client. It's a common trade finance document that you should be familiar with. Essentially, it is a commitment by the bank to pay the exporter the money within a specified time frame and under the terms and circumstances agreed upon. It enables sellers and buyers to mitigate some of the inherent hazards of international trade, including currency fluctuations, non-payment, and economic instability. 2. Purchase Order (PO) Finance Purchase Order (PO) financing is intended for SMEs that are experiencing inefficiency in their cash flow. To put it simply, it gives funds to pay suppliers with the validated purchase order in order to ensure seamless cash flow. It enables firms to accept a huge volume of orders while adjusting the lending basis to match their specific requirements. This is especially true for SMEs, who frequently get a significant amount of orders but lack the necessary working capital to process them. That is exactly what it does. Even if the volume of orders reduces, there are no ties, so you can quit using it whenever you want. Read more: https://www.emeriobanque.com/blogs/3-common-types-of-trade-finance-products-explained #Tradefinance #letterofcredit #BankGuarantee #supplychainfinance #SMEs #internationaltrade
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    3 Common Types of Trade Finance Products Explained
    Trade finance products can help businesses manage the cost of their imports and exports. Learn about the three most common types of trade finance products.
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  • Get Trade Finance Services As A Short Term Working Capital

    A type of financing known as trade finance is created especially to support transactions involving international trade. It gives companies that import and export products and services access to short-term working capital, assisting them in managing the risks involved in international trade. Short-term working cash can be obtained through a variety of trade finance services, including:

    1. Letters of Credit: A letter of credit is a document that, under certain circumstances, a bank issues to a seller of products or services to guarantee payment. This can lessen the seller's risk of not getting paid and give them the working capital they require to complete the transaction.

    2. Documentary Collections: A documentary collection is a payment strategy in which the buyer and seller trade documents and money through the help of banks. Given that the seller can get paid after presenting the required paperwork, this can be a helpful way to get short-term operating capital.

    3. Invoice Financing: Getting short-term working cash through invoice financing entails using invoices as collateral. Businesses that have unpaid invoices that are approaching their due date but require cash sooner to meet their own financial responsibilities may find this to be a useful option.

    4. Supply Chain Finance: Financing the complete supply chain, from raw materials to finished goods, is known as supply chain finance. Given that it offers financing throughout the entire production cycle, this can be a helpful way to acquire short-term working capital.

    In general, trade finance services can be a helpful way for companies involved in international trade to get short-term operating capital. Trade finance enables companies to manage their cash flow and lower the risks involved in cross-border transactions by giving them access to financing that is particularly suited for such transactions.

    Visit us: https://www.emeriobanque.com/trade-finance-services

    #TradeFinanceServices #FinanceServices #SupplyChainFinance #LettersofCredit #DocumentaryCollections
    Get Trade Finance Services As A Short Term Working Capital A type of financing known as trade finance is created especially to support transactions involving international trade. It gives companies that import and export products and services access to short-term working capital, assisting them in managing the risks involved in international trade. Short-term working cash can be obtained through a variety of trade finance services, including: 1. Letters of Credit: A letter of credit is a document that, under certain circumstances, a bank issues to a seller of products or services to guarantee payment. This can lessen the seller's risk of not getting paid and give them the working capital they require to complete the transaction. 2. Documentary Collections: A documentary collection is a payment strategy in which the buyer and seller trade documents and money through the help of banks. Given that the seller can get paid after presenting the required paperwork, this can be a helpful way to get short-term operating capital. 3. Invoice Financing: Getting short-term working cash through invoice financing entails using invoices as collateral. Businesses that have unpaid invoices that are approaching their due date but require cash sooner to meet their own financial responsibilities may find this to be a useful option. 4. Supply Chain Finance: Financing the complete supply chain, from raw materials to finished goods, is known as supply chain finance. Given that it offers financing throughout the entire production cycle, this can be a helpful way to acquire short-term working capital. In general, trade finance services can be a helpful way for companies involved in international trade to get short-term operating capital. Trade finance enables companies to manage their cash flow and lower the risks involved in cross-border transactions by giving them access to financing that is particularly suited for such transactions. Visit us: https://www.emeriobanque.com/trade-finance-services #TradeFinanceServices #FinanceServices #SupplyChainFinance #LettersofCredit #DocumentaryCollections
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  • Supply Chain Finance to Reach USD 13.4 billion by 2031 at 8.8% CAGR

    The supply chain finance market was estimated at $6 billion in 2021 and is forecast to reach $13.4 billion by 2031, developing at a CAGR of 8.8% from 2022 to 2031, as per the latest reports released by Allied Market Research.

    Additionally, the reports contain a comprehensive evaluation of the most favorable strategies, extending market requirements, market size, and estimations, value chain, key investors, leaders & opportunities, competitive scenario, and local landscape. The report will provide vital information to new contestants, shareholders, leaders and investors in presenting important techniques for the future and initiating major steps to reinforce and uplift their position in the market.

    COVID-19 Scenario

    The sudden outbreak of the Covid-19 pandemic had adverse effects on the development of the global supply chain finance market, leading to an increase in remote working activities building an overwhelming task of receiving data from multiple locations & sources for the supply chain finance firms.

    Read more: https://www.emeriobanque.com/news/supply-chain-finance-to-reach-usd-13-4-billion-by-2031-at-8-8-present-cagr

    #supplychainfinance #CAGR #blockchain #tradefinancedivision #globalmarket #LetterofCredit
    Supply Chain Finance to Reach USD 13.4 billion by 2031 at 8.8% CAGR The supply chain finance market was estimated at $6 billion in 2021 and is forecast to reach $13.4 billion by 2031, developing at a CAGR of 8.8% from 2022 to 2031, as per the latest reports released by Allied Market Research. Additionally, the reports contain a comprehensive evaluation of the most favorable strategies, extending market requirements, market size, and estimations, value chain, key investors, leaders & opportunities, competitive scenario, and local landscape. The report will provide vital information to new contestants, shareholders, leaders and investors in presenting important techniques for the future and initiating major steps to reinforce and uplift their position in the market. COVID-19 Scenario The sudden outbreak of the Covid-19 pandemic had adverse effects on the development of the global supply chain finance market, leading to an increase in remote working activities building an overwhelming task of receiving data from multiple locations & sources for the supply chain finance firms. Read more: https://www.emeriobanque.com/news/supply-chain-finance-to-reach-usd-13-4-billion-by-2031-at-8-8-present-cagr #supplychainfinance #CAGR #blockchain #tradefinancedivision #globalmarket #LetterofCredit
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    Supply Chain Finance to Reach USD 13.4 billion by 2031 at 8.8% CAGR
    The supply chain finance market was predicted at $6 billion in 2021, and is now estimated to reach $13.4 billion by 2031, at a CAGR of 8.8% from 2022 to 2031. Read more.
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  • Vayana TradeXchange initiates its first transaction in partnership with VoloFin

    Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centre Authority, GIFT City, announced the completion and disbursement of its first set of export financing transactions.

    Vayana TradeXchange (VTX) is built and operated by Vayana Pvt Ltd, a 100% subsidiary of Vayana Network, the largest Supply Chain Finance platform in India.

    The first set of transactions on VTX have been financed by VoloFin, a global FinTech company offering invoice and supply chain finance solutions to SME businesses. The first cross-border transaction between an Indian Exporter and the USA Buyer was successfully financed on VTX by VoloFin.

    VTX, the auction-based electronic platform will facilitate the financing of international trade flows by introducing various trade financing products at competitive terms. This will help exporters and importers in India and across the globe to convert their receivables into cash or obtain financing for payments of imports of goods & services.

    Read more: https://ngulminthanglhangh.wixsite.com/ngulminthanglhanghal/post/vayana-tradexchange-initiates-its-first-transaction-in-partnership-with-volofin

    #NgulminthangLhanghal #banking #VayanaTradeXchange #TradeFinancingServices #VayanaNetwork #SupplyChainFinance
    Vayana TradeXchange initiates its first transaction in partnership with VoloFin Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centre Authority, GIFT City, announced the completion and disbursement of its first set of export financing transactions. Vayana TradeXchange (VTX) is built and operated by Vayana Pvt Ltd, a 100% subsidiary of Vayana Network, the largest Supply Chain Finance platform in India. The first set of transactions on VTX have been financed by VoloFin, a global FinTech company offering invoice and supply chain finance solutions to SME businesses. The first cross-border transaction between an Indian Exporter and the USA Buyer was successfully financed on VTX by VoloFin. VTX, the auction-based electronic platform will facilitate the financing of international trade flows by introducing various trade financing products at competitive terms. This will help exporters and importers in India and across the globe to convert their receivables into cash or obtain financing for payments of imports of goods & services. Read more: https://ngulminthanglhangh.wixsite.com/ngulminthanglhanghal/post/vayana-tradexchange-initiates-its-first-transaction-in-partnership-with-volofin #NgulminthangLhanghal #banking #VayanaTradeXchange #TradeFinancingServices #VayanaNetwork #SupplyChainFinance
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    Vayana TradeXchange initiates its first transaction in partnership with VoloFin
    Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the.
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  • ADB Signs Supply Chain Finance Deal With Bank of Georgia

    The latest news says the Asian Development Bank (ADB) has signed a supply chain finance deal with the Bank of Georgia to share around 50% of its risks related to supply chain finance transactions with the main purpose of strengthening financing and reducing supply chain management risks for SMEs.

    As per ADB, this is the very first time it has signed such a type of arrangement, which will bring two institutions together to determine a risk-sharing program for avoiding the risks of corporate non-payment in supply chain finance transactions.

    Steven Beck, head of the ADB’s trade and supply chain finance program (TSCFP) stated, “This deal expands our trade finance partnership with the Bank of Georgia that started in 2011 and will be stimulant in growing supply chain finance in the area.”

    Read more: https://www.axioscreditbank.com/blogs/adb-signs-supply-chain-finance-deal-with-bank-of-georgia

    #supplychainfinancetransactions #supplychainmanagement #AsianDevelopmentBank #supplychainfinance #financialinstitutions
    ADB Signs Supply Chain Finance Deal With Bank of Georgia The latest news says the Asian Development Bank (ADB) has signed a supply chain finance deal with the Bank of Georgia to share around 50% of its risks related to supply chain finance transactions with the main purpose of strengthening financing and reducing supply chain management risks for SMEs. As per ADB, this is the very first time it has signed such a type of arrangement, which will bring two institutions together to determine a risk-sharing program for avoiding the risks of corporate non-payment in supply chain finance transactions. Steven Beck, head of the ADB’s trade and supply chain finance program (TSCFP) stated, “This deal expands our trade finance partnership with the Bank of Georgia that started in 2011 and will be stimulant in growing supply chain finance in the area.” Read more: https://www.axioscreditbank.com/blogs/adb-signs-supply-chain-finance-deal-with-bank-of-georgia #supplychainfinancetransactions #supplychainmanagement #AsianDevelopmentBank #supplychainfinance #financialinstitutions
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  • NBK named Best Trade Finance Bank in Kuwait for 2022

    National Bank of Kuwait (NBK) was named “Best Trade Finance Bank in Kuwait for 2022” in the annual survey of Global Trade Review (GTR), a magazine specializing in global emerging markets and trade, commodity finance and transaction banking.

    GTR selected NBK as one of the leading banks in the Middle East and North Africa (MENA) region in the trade finance sector, based on customer and market-specialized institution surveys conducted around the world.

    The GTR Leaders in Trade awards recognize excellence in the trade, commodity, supply chain and export financing, and well as FinTech markets.

    By receiving this award, NBK demonstrates its leadership in financing mega deals and projects, benefiting from its strong balance sheet, extensive experience, in addition to the exceptional and sustainable relations with its clients both locally and internationally.

    Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/nbk-named-best-trade-finance-bank-in-kuwait-for-2022

    #NBK #GTR #TradeFinancebank #FinTech #exportfinance #supplychainfinance #NgulminthangLhanghal
    NBK named Best Trade Finance Bank in Kuwait for 2022 National Bank of Kuwait (NBK) was named “Best Trade Finance Bank in Kuwait for 2022” in the annual survey of Global Trade Review (GTR), a magazine specializing in global emerging markets and trade, commodity finance and transaction banking. GTR selected NBK as one of the leading banks in the Middle East and North Africa (MENA) region in the trade finance sector, based on customer and market-specialized institution surveys conducted around the world. The GTR Leaders in Trade awards recognize excellence in the trade, commodity, supply chain and export financing, and well as FinTech markets. By receiving this award, NBK demonstrates its leadership in financing mega deals and projects, benefiting from its strong balance sheet, extensive experience, in addition to the exceptional and sustainable relations with its clients both locally and internationally. Read more: https://ngulminthanglhanghal.mystrikingly.com/blog/nbk-named-best-trade-finance-bank-in-kuwait-for-2022 #NBK #GTR #TradeFinancebank #FinTech #exportfinance #supplychainfinance #NgulminthangLhanghal
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    NBK named Best Trade Finance Bank in Kuwait for 2022
    In the annual survey of GTR magazine specializing in global emerging markets and trade finance.
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  • Citi eyes Africa supply chain finance boost with support from British International Investment

    Citi has signed a risk-sharing deal with British International Investment (BII), the UK’s development finance institution, as part of plans to increase its supply chain finance volumes in Africa.

    The US$100mn master guarantee facility will see BII – which was formerly known as the CDC Group before a rebrand this year – act as a guarantor for supply chain finance facilities provided by Citi to SME suppliers and underserved segments, with the bank saying that it will be able to increase its annual SCF volumes in the continent by up to US$400mn as a result.

    BII and Citi have agreed to set impact criteria to ensure that flexible capital is being directed toward underserved groups, women-owned businesses and enterprises targeted by the South African government’s Broad-based Black Economic Empowerment programme, which encourages businesses to integrate black people in the workplace, support black businesses, and give back to black communities affected by land repossession.

    Read more: https://ngulminthanglhanghal.wordpress.com/2022/05/20/citi-eyes-africa-supply-chain-finance-boost-with-support-from-british-international-investment/

    #NgulminthangLhanghal #finance #BritishInternational #Investment #CDC Group #ChrisCox #Citi #SMEs #SupplyChainFinance #TradeFinanceGap
    Citi eyes Africa supply chain finance boost with support from British International Investment Citi has signed a risk-sharing deal with British International Investment (BII), the UK’s development finance institution, as part of plans to increase its supply chain finance volumes in Africa. The US$100mn master guarantee facility will see BII – which was formerly known as the CDC Group before a rebrand this year – act as a guarantor for supply chain finance facilities provided by Citi to SME suppliers and underserved segments, with the bank saying that it will be able to increase its annual SCF volumes in the continent by up to US$400mn as a result. BII and Citi have agreed to set impact criteria to ensure that flexible capital is being directed toward underserved groups, women-owned businesses and enterprises targeted by the South African government’s Broad-based Black Economic Empowerment programme, which encourages businesses to integrate black people in the workplace, support black businesses, and give back to black communities affected by land repossession. Read more: https://ngulminthanglhanghal.wordpress.com/2022/05/20/citi-eyes-africa-supply-chain-finance-boost-with-support-from-british-international-investment/ #NgulminthangLhanghal #finance #BritishInternational #Investment #CDC Group #ChrisCox #Citi #SMEs #SupplyChainFinance #TradeFinanceGap
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    Citi eyes Africa supply chain finance boost with support from British International Investment
    Citi has signed a risk-sharing deal with British International Investment (BII), the UK’s development finance institution, as part of plans to increase its supply chain finance volumes in Africa.
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  • Citi Strives To Boost Africa Supply Chain Finance BII Support

    The latest news highlights a risk-sharing lending arrangement between Citi and BII (British International Investment) worth $100 million, focused on boosting supply chain financing volume in Africa by up to four times as a result.

    Through this US$100mn funding support provided by BII, Citi is looking forward to improving its supply chain lending in the continent for Small and Medium Enterprises (SMEs) that often struggle to access trade finance services or other funding facilities. In the aforesaid deal, BII will deliver its guarantor services for the lending services given by Citi to small importer-exporters and underserved industries. It means that both the parties will bear 50/50 risk - BII would cover half the losses in a situation where a small business fails to pay the loan granted by Citi.

    “The recent Master Guarantee risk-sharing deal will enable Citi’s supply chain financing structure to grow & enhance in Africa by up to $400 million” BII stated.

    Read more: https://www.emeriobanque.com/news/citi-strives-to-boost-africa-supply-chain-finance-bii-support

    #tradefinanceservices #SMEs #supplychainfinanceservices #SCFservices #globalfinancial
    Citi Strives To Boost Africa Supply Chain Finance BII Support The latest news highlights a risk-sharing lending arrangement between Citi and BII (British International Investment) worth $100 million, focused on boosting supply chain financing volume in Africa by up to four times as a result. Through this US$100mn funding support provided by BII, Citi is looking forward to improving its supply chain lending in the continent for Small and Medium Enterprises (SMEs) that often struggle to access trade finance services or other funding facilities. In the aforesaid deal, BII will deliver its guarantor services for the lending services given by Citi to small importer-exporters and underserved industries. It means that both the parties will bear 50/50 risk - BII would cover half the losses in a situation where a small business fails to pay the loan granted by Citi. “The recent Master Guarantee risk-sharing deal will enable Citi’s supply chain financing structure to grow & enhance in Africa by up to $400 million” BII stated. Read more: https://www.emeriobanque.com/news/citi-strives-to-boost-africa-supply-chain-finance-bii-support #tradefinanceservices #SMEs #supplychainfinanceservices #SCFservices #globalfinancial
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    Citi Strives To Boost Africa Supply Chain Finance BII Support
    British International Investment (BII) and Citi have signed a $100 million risk-sharing facility to boost supply chain financing to SMEs across Africa. Read the full news.
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  • HSBC Named New Global Trade And Receivables Finance Head

    As per the latest news, HSBC has named Vivek Ramachandran as Head of Global Trade and Receivables Finance (GTRF), effective immediately.

    The aforesaid appointment is a re-visit to HSBC for Vivek as he first came into the company in 2015 as Global Head of Product and Propositions for GTRF, and after that, he was appointed as Global Head of Growth & Innovation for HSBC Commercial Banking. Earlier, he was involved in operating the Global Transaction Banking business at Barclays and handled senior management roles at Lloyds. Since 2019, Vivek has been working as the CEO of Serai, the HSBC-established venture situated in Hong Kong, that works as a separate organization conveying a B2B supply chain platform.

    HSBC’s Global Trade and Receivables Finance is the leading & renowned supplier of international trade and supply chain finance solutions, with an unparalleled organization covering more than 90% of the global trade and capital flows. Talking about its first-quarter income last week, HSBC detailed solid GTRF execution, driven by a 22% expansion in incomes in Commercial Banking compared to Commercial Banking compared with 1Q21. This execution has been highlighted by record-high customer loyalty scores, and the bank is getting the top position in the Euromoney Trade Finance Survey- in the light of client votes - for the 5th consecutive year.

    Read more: https://www.emeriobanque.com/news/hsbc-named-new-global-trade-and-receivables-finance-head

    #GTRF #GlobalTrade #HSBC #supplychainfinancesolutions #GlobalBanking #tradefinance
    HSBC Named New Global Trade And Receivables Finance Head As per the latest news, HSBC has named Vivek Ramachandran as Head of Global Trade and Receivables Finance (GTRF), effective immediately. The aforesaid appointment is a re-visit to HSBC for Vivek as he first came into the company in 2015 as Global Head of Product and Propositions for GTRF, and after that, he was appointed as Global Head of Growth & Innovation for HSBC Commercial Banking. Earlier, he was involved in operating the Global Transaction Banking business at Barclays and handled senior management roles at Lloyds. Since 2019, Vivek has been working as the CEO of Serai, the HSBC-established venture situated in Hong Kong, that works as a separate organization conveying a B2B supply chain platform. HSBC’s Global Trade and Receivables Finance is the leading & renowned supplier of international trade and supply chain finance solutions, with an unparalleled organization covering more than 90% of the global trade and capital flows. Talking about its first-quarter income last week, HSBC detailed solid GTRF execution, driven by a 22% expansion in incomes in Commercial Banking compared to Commercial Banking compared with 1Q21. This execution has been highlighted by record-high customer loyalty scores, and the bank is getting the top position in the Euromoney Trade Finance Survey- in the light of client votes - for the 5th consecutive year. Read more: https://www.emeriobanque.com/news/hsbc-named-new-global-trade-and-receivables-finance-head #GTRF #GlobalTrade #HSBC #supplychainfinancesolutions #GlobalBanking #tradefinance
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    HSBC Named New Global Trade And Receivables Finance Head
    HSBC has named Vivek Ramachandran as Head of Global Trade and Receivables Finance, with immediate effect. GTRF is the world’s leading provider of international trade and SCF.
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  • Trade finance startup Vayana Network raises Rs 114 cr to increase trade credit to micro, small businesses

    Credit and Finance for MSMEs: Trade financing startup Vayana Network on Wednesday announced it has raised Rs 114 crore as part of its Series C funding from International Finance Corporation (IFC) and PayU. The company said it plans to use the funds to build products focused on helping MSMEs better manage their working capital and become credit ready. Vayana Network has already raised Rs 283 crore in its existing round from new and existing investors, including Marshall Wace, March Capital, Chiratae Ventures, CDC group, Jungle Ventures, and well-established family offices in India and abroad.

    “While we are set to do more than $10 billion (Rs 76,500 crore) of trade financing in India alone this financial year, we are focusing on creating tools and infrastructure to help small businesses manage their working capital efficiently and sourcing trade finance at the most affordable rates. We will continue to build on our leadership role in public trade infrastructure including GST, e-Invoice and e-Way Bill and embedding credit for every business in the supply chain,” said Ram Iyer, Founder and CEO, Vayana Network.

    The company will also launch Vayana ITFS (International Trade Finance Services) platform at GIFT City, Gujarat in the current financial year. The platform will enable exporters and importers to access international trade finance facilities at competitive rates, added Iyer.

    Read more: https://vk.com/@ngulminthanglhanghal-trade-finance-startup-vayana-network-raises-rs-114-cr-to-inc

    #supplychainfinance #ITFS #tradefinance #tradecredit #IFSCA #Ngulminthang
    Trade finance startup Vayana Network raises Rs 114 cr to increase trade credit to micro, small businesses Credit and Finance for MSMEs: Trade financing startup Vayana Network on Wednesday announced it has raised Rs 114 crore as part of its Series C funding from International Finance Corporation (IFC) and PayU. The company said it plans to use the funds to build products focused on helping MSMEs better manage their working capital and become credit ready. Vayana Network has already raised Rs 283 crore in its existing round from new and existing investors, including Marshall Wace, March Capital, Chiratae Ventures, CDC group, Jungle Ventures, and well-established family offices in India and abroad. “While we are set to do more than $10 billion (Rs 76,500 crore) of trade financing in India alone this financial year, we are focusing on creating tools and infrastructure to help small businesses manage their working capital efficiently and sourcing trade finance at the most affordable rates. We will continue to build on our leadership role in public trade infrastructure including GST, e-Invoice and e-Way Bill and embedding credit for every business in the supply chain,” said Ram Iyer, Founder and CEO, Vayana Network. The company will also launch Vayana ITFS (International Trade Finance Services) platform at GIFT City, Gujarat in the current financial year. The platform will enable exporters and importers to access international trade finance facilities at competitive rates, added Iyer. Read more: https://vk.com/@ngulminthanglhanghal-trade-finance-startup-vayana-network-raises-rs-114-cr-to-inc #supplychainfinance #ITFS #tradefinance #tradecredit #IFSCA #Ngulminthang
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