Unity in diversity is seen in every aspect of our country. From celebrating vivid festivals to holding varied beliefs and value systems, which bring people together. Such is the case too when it comes to the dynamic business landscape of India. We have a diverse mix of 7.9 million MSMEs, 1.48 million registered companies and 500+ large companies by market cap, all united for growth and resilient to remain buoyant in the times to come.
Pay Late, Collect Early” is a business mantra that most businesses have been taught to follow. But this strategy can also come at a cost. Delayed payments to vendors could mean delayed supplies because many smaller vendors would need the cash to keep their machines going.
Vayana Network, India’s largest trade finance platform, and Federal Bank, a leading Private Sector Bank, have been awarded the ‘Most Effective Bank-Fintech Partnership: Agile and Adaptable’ at the IBSi-Global Fintech Innovation Awards 2021.
Vayana rapidly scaled up the bank’s Supply Chain Finance portfolio.