Vayana Network Crossed $3 billion Loan Disbursals

Vayana Network, India’s largest third-party Trade Finance digital platform announced that it has crossed $3 billion of loan disbursals in supply chain financing, amounting to over 1.2 million transactions in just over two years. This has been facilitated for over 250 supply chains, catering to 20,000 MSMEs across 20 industries in 20 countries.

Vayana’s digital network helps both businesses and their Suppliers or Buyers to get easy and fair-priced access to B2B trade financing, from leading Financial Institutions (FIs), such as Banks and NBFCs. The platform enables various types of trade financing programs for businesses on their Receivables and Payables, both domestic and cross-border. Vayana Network has enabled deeper penetration into the supply chain of businesses, with 50 percent of the customers coming from beyond tier-I and II cities in India, reflecting true financial inclusion. Some of the smallest MSMEs with annual turnover as small as Rs. 1 crore have joined the Vayana network.

“Since the past few months the repercussions of the economic slowdown have hit NBFCs resulting in a tough market, yet we have managed to achieve this key milestone. We have been able to scale up our business

We are happy to be supporting many smaller businesses with their working capital financing needs, thereby helping them expand their businesses and in turn fuelling economic growth

much faster than standard market rates. Vayana saw quarter on quarter growth in credit demand, which is a true reflection that supply chain financing is the absolute essential financing solution over any other financing need. We have witnessed a significant rise in cross border financing, especially with exporters out of India. This is a true testimony of the demand that supply chain financing holds today. We are happy to be supporting many smaller businesses with their working capital financing needs, thereby helping them expand their businesses and in turn fuelling economic growth,” says Ramaswamy Iyer, Founder & CEO, Vayana Network.

Vayana Network foresees further acceleration in their platform over the second half of this financial year due to various stimuli being offered by the Government. They propose to enable $2-2.5 billion in supply chain financing in the present fiscal, by looking at both organic and inorganic growth. The company plans to further develop a global footprint with its foray into USA and SE Asia and a cross-border play across dedicated corridors.

Vayana Network is an electronic trade financing network that connects Corporates and their Supply Chains to Financial Institutions, for easy access to short-term Trade Financing of their Payables and Receivables.