U GRO Capital has employed MonetaGo’s Invoice Fraud Prevention Network to boost its supply chain finance portfolio, IBS Intelligence reports.
MonetaGo offers digitised enterprise solutions for financial operations, and its product suite is compliant with existing regulations.
U GRO Capital will be able to leverage the solution to mitigate risks and authenticate invoices and eWay bills. The product will succour in the elimination of requirements for physical/ scanned copies of the invoices thereby leading to faster loan disbursals and a stronger loan book.
Earlier in January, the Non-Banking Financial Company (NBFC) Profectus Capital had onboarded MonetaGo’s blockchain solution network to prevent double financing.
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