Vayana, a Pune, India-based trade credit infrastructure platform, raised $20.5M in ongoing Series D funding.
The round was led by SMBC’s Asia Rising Fund, including participation from existing investors such as the International Finance Corporation (IFC), Chiratae Ventures, and Jungle Ventures, as well as family offices like Quantum State Investment Fund and Emerald Company Pvt. Ltd.
The company intends to use the funds to accelerate its commitment to providing affordable financing throughout the supply chain, with the introduction of new products aimed at enhancing its suite of trade credit, compliance, and risk management platforms.
Led by CEO Ram Iyer, Vayana is a provider of a supply chain finance platform offering a range of trade credit and trade enablement solutions for all the tiers of supply chains. The company, which connects corporates and their trade ecosystems to provide digital, convenient, and affordable access to credit for their payables and receivables, has facilitated the financing of over USD 30 billion with over 3,00,000 + enterprises across 3,000+ supply chains,
Vayana’s network today spans 600 cities and 2000+ pin codes in India.
FinSMEs
13/08/2024