Vayana Network raises USD 4 mln in Series A funding

Wednesday 19 July 2017 09:02 CET | News

Pune’s technology based third-party B2B trade financing platform Vayana Network has raised USD 4 million in Series A funding from IDG Ventures and Jungle Ventures.

This follows an earlier round of investment in the company by Reliance Industrial Investments and Holdings (RIIHL) and a couple of other investors. 

Vayana Network claims to have processed over Rs 4,000 crore (USD 600 million) in financing via nine lending partners including five banks and four NBFCs across large, medium corporate and SMEs in India so far. The equity investment will be used to further strengthen its B2B trade financing network both in India and abroad.

Besides Bengaluru and Chennai, Pune-based Vayana also has offices in the US and Middle East. It provides tools for paying, collecting and monitoring the financial transactions for corporates as well as to retail customers.

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Keywords: Vayana Network, funding series, B2B, financing platform, eInvoicing
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
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