Vayana Network is an electronic network that connects Corporates and their Supply Chains to enable easy, digital and convenient access to fair-price Short-term Trade Financing of their Payables and Receivables.
Vayana Network, India’s largest 3rd party Short-Term Trade Finance (STTF) platform, announced that it has facilitated over INR 15000 crore in trade finance. Vayana’s digital Network enables businesses and their trade partners get easy, convenient and fair-priced access to financing from Financial Institutions (FIs), such as Banks and NBFCs.
‘2018-19 has been a pivotal year for Vayana with a number of key milestones being achieved. We are proud to be empowering Enterprises with our financing programs helping them grow, increase economic activity and ultimately generate new jobs’ said R N Iyer, Founder & CEO, Vayana Network
‘We continue to see strong business momentum and expect to more than double the trade financed on our Network in fiscal 2019-2020. We are committed to making access to small business credit simple and seamless; and look forward to many such milestones in the near future’ added Mr. Iyer.
1000s of SMEs from over 270 cities access low- cost financing to meet their working capital needs on Vayana Network. The companyhas deepened its reach with 50% of the enterprises coming from beyond tier 1 and 2 cities in India reflecting true financial inclusion. The Network funds over 2000 invoices every day and has till date financed over a million transactions across 250 Supply Chains in 20+ industries. Vayana is present in 20 countries and has seen good traction in the US market where it has customers in 26 States.The company plans to further develop a global footprint with its foray into SE Asia and a cross-border play across dedicated corridors.