Busines

Vayana Networks completes $5 bn financing

Vayana Network, a trade supply chain financing platform for B2B enterprises, on Friday announced that it has completed $5 billion of financing on its platform till date, including $1 billion in the last seven months amidst the pandemic.

The company works with over 300 corporates and 20,000 MSME businesses financing the entire network — suppliers, dealers and retailers, it said in a statement.

Vayana Network said it was on its way to double its existing customer base by the end of 2021 and would want to achieve a disbursal mark of $10 billion by the end of 2022.

  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

Printable version | Nov 7, 2020 1:48:09 AM | https://www.thehindu.com/business/vayana-networks-completes-5-bn-financing/article33042971.ece

Next Story