Vayana Network to scale up its overseas supply chain finance business
The Hindu
SCF platform Vayana to expand MSME servicesVayana Network, a supply chain finance (SCF) platform, said after enabling over $6 billion (₹45,000 crore) in trade finance for 300 supply chains, it would e
Vayana Network, a supply chain finance (SCF) platform, said after enabling over $6 billion (₹45,000 crore) in trade finance for 300 supply chains, it would expand its services for Indian MSMEs to grow their global trade. “With over 48% share in exports, MSMEs in India have truly embraced global trade over the past couple of decades. India will get further embedded in global supply chains and grow its share in trade in the coming years,” said Ram Iyer, founder and CEO. “At the same time, businesses are suffering from working capital challenges due to delayed export receivables and advanced payments on their imports. This is an over-$100 billion financing gap today, which cannot be solved through traditional trade finance solutions like Letter of Credit (LC) & guarantees,” he said.
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