Location: Andover, MA
Date: February 11, 2019
Vayana Network, an award-winning Supply Chain Finance (SCF) platform announced that Peter Nunes has joined them as SVP of Sales to spearhead their business development and sales. Peter is a seasoned and entrepreneurial Finance Executive with over 25 years of trade finance experience having worked with banks, factoring companies, hedge funds and his own companies in New York and Miami.
Kannan Ramasamy, Chairman of Vayana Network Inc. said, “With deep domain expertise and experience in the trade finance space, Peter brings his extensive business network, insights and program ideas to help with the sales and business development leg of our growth model. We are excited to have a person of Peter’s credibility and reputation shape and drive our plans for the Americas.”
Speaking on his appointment, Peter said: “I am excited to join such a dynamic organization that is disrupting the Supply Chain Finance space. Vayana’s promise of offering a technology enabled financing program, in partnership with the FIs to help SMEs meet their working capital needs, appealed to me as a terrific way to bring the efficiencies of digital experience to this segment. I am looking forward to playing an active role in this phase of Vayana’s accelerated growth.”
Peter has successfully structured off balance-sheet solutions for complex deals including $10M in funding for a US-based exporter in the aerospace industry selling to Brazilian state governments utilizing both international factoring & SCF. He has also structured SCF solutions for Maintenance, Repair & Overhaul (MRO) companies in Florida and for a Latin American apparel exporter to US Box Store buyers. Peter has worked with Banks and Independent Lenders; and more recently had responsibility for setting up Supply Chain Finance programs within FIs.
Peter holds an MBA in Management from Dowling College in New York and a BBA in Finance from Baruch College, City University of New York. He is married, has three sons and lives in Weston, Florida.
About Vayana Network:
Vayana Network’s Buyer Initiated Payments to Suppliers (BIPS) financing program enables Buyers to extend their payment terms, increase credit limits and reduce cost of goods while their Suppliers are able to accelerate cash flows through early payments without impacting their balance sheet. The Vayana platform digitizes and automates the invoice presentation, approval and settlement process from initiation to completion. BIPS is unique in its design connecting Buyers and Suppliers in a Closed User Group network to harmonize cash flow needs and smoothen the operation of their Supply Chain. Vayana has till date enabled USD 1.8 Billion+ in financing for businesses across 20 countries.