Vayana, a trade credit infrastructure platform based in Pune, India, has successfully raised $20.5m in an ongoing Series D funding round.
According to FinSMEs, the investment was spearheaded by SMBC’s Asia Rising Fund, with significant contributions from existing investors such as the International Finance Corporation (IFC), Chiratae Ventures, and Jungle Ventures. Notable family offices like Quantum State Investment Fund and Emerald Company Pvt. Ltd also participated.
This fresh infusion of capital underscores the robust confidence investors have in Vayana’s business model and growth trajectory. The company stands out as a pivotal provider of supply chain finance solutions, facilitating over $30bn in financing across more than 3,000 supply chains and supporting 300,000+ enterprises across 600 cities and 2000+ pin codes in India.
Vayana’s platform offers a comprehensive range of trade credit and trade enablement solutions, aiming to democratise access to affordable financing throughout the supply chain. This is achieved by connecting corporates with their trade ecosystems, thereby offering digital, convenient, and affordable access to credit for both payables and receivables.
The funds from this Series D round will be deployed to accelerate the introduction of innovative products that will expand Vayana’s suite of trade credit, compliance, and risk management platforms. This strategic expansion is geared towards enhancing the efficiency and reach of their services, further enabling businesses to thrive in a challenging economic landscape.
In addition, the company’s network today spans an impressive reach within India, significantly impacting small to medium-sized enterprises by providing vital financial support and stability.
Vayana CEO Ram Iyer said, “This new funding is a testament to the trust our investors have in our ability to scale and our commitment to empowering businesses with seamless financial solutions.”
Previously, Vayana has secured substantial funding in prior rounds, indicating a continued trust and interest from the investment community in supporting its expansive vision.
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