Connect with us

Hi, what are you looking for?


Access to trade finance for all

Access to trade finance for all

Pune-based Vayana Network aims to democratize access to trade finance so that the smallest of enterprises can access it and benefit from it. The company offers tailor-made, affordable, closed-loop programs to meet the financing demands of businesses and their supply chain partners. With operating units in the US, Singapore, Mumbai, Gurugram, and Bengaluru, the company offers access to low-cost financing with nil or minimal collateral.

“We help increase the working capital available to the entire supply chain ecosystem to grow business leading to a positive impact on the country’s GDP,” says Vinod Parmar, global head for sales & marketing at Vayana Network, in interaction with Banking Frontiers. He explains that the company in fact enables financing to support both the sell as well as the buy side of the supply chain, ie on the dealer/customer as well as the supplier/vendor side.

“This is through various types of short-term trade financing via factoring, buyer financing, payable financing or reverse factoring with or without commercial cards. We enable both balance sheet or off-balance sheet financing; as well as pre-shipment or post-shipment financing on our network,” says Parmar.

He elaborates that Vayana Network operates pre-approved, closed-loop programs on which it enables automated financing through partner banks and financial institutions.

Read More

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.