Vayana Network, one of India’s largest trade finance platform, today announced its partnership with Pune Consumer Products Distributor Association (PCPDA). Through this partnership, Vayana Network will offer a last mile retailer financing program to the retailers and the distributors in the region.
Vayana Network’s retailer financing program is design to address the challenges faced by the distributor and retailer community.
Distributors often deal with a mismatch in cashflow, either due to giving credit to retailers or having to make upfront purchases when transacting with corporates.
On the other hand, retailers are devoid of access to Supply-chain Financing (SCF) programs.Vayana Network’s product allows retailers to avail finance for the purchases they make through PCPDA member distributors. Additionally, retailers have the opportunity to be part of formal banking channels and get funds at affordable rates.
The product is offer to retailers base on their historical trade data derive using GST returns or the ledger information.
Mr. Jitin Nanda, Business Head, Vayana Network Said :
Mr. Anand Munot, President, PCPDA Said :
About Vayana Network
Vayana Network is one of India’s largest Supply Chain Finance platform in India, having enabled finances of USD 10 Billion to over 50,000 MSMEs across 1000 supply chains in 25 different sectors.
Vayana connects corporates and their trade ecosystems to provide digital, convenient, and affordable access to credit for their payables and receivables.
With its proprietary technology, Vayana has processed over 2 million transactions and offers a zero-change experience to customers.
The network today spans across 600 cities and 1150+ pin codes in India and extends to 20 countries across the globe.
The company is increasingly catering to the smallest of MSMEs in the long tail of the supply chains.
Vayana is also one of the largest GSP (GST Suvidha Provider) in the country, facilitating, GST, E-Way bill and E-invoice for numerous corporates and lakhs of SMEs.
The GSP platform has witnessed over 2.5 billion-plus API calls in GST and e-invoicing, with zero downtime.
Since its launch, 1 in 5 e-invoices have been generate by Vayana.
Furthering its objective of bringing Supply Chain Finance to every business, Vayana has recently received in-principle approval to set up ITFS platform at GIFT City, Gujarat.