Olea and Vayana Network to offer cross-border trade finance in India

Thursday 19 May 2022 10:50 CET | News

Singapore-based supply chain platform Olea has partnered with Vayana Network to provide exporters and importers with alternative liquidity.

There has been growing interest in India as a manufacturing hub, as multi-national corporations seek to diversify their global supply chains, according to the press release. In order to meet this increasing demand, businesses in India, especially micro, small, and medium sized enterprises (MSMEs), have been looking for quicker access to sources of capital.

Representatives from Vayana Network said that the Government, through its ‘Make in India’ programme and Production Linked Incentives (PLIs), is offering incentives for Indian manufacturing to become more globally competitive. Combined with the ITFS (International Trade Finance Services) platform and their other cross-border offerings, they aim to provide an array of trade finance solutions to businesses.

The partnership will initially focus on making export finance readily available for small and mid-sized exporters. It will address the need for products which offer fast access to capital. The synergies from the relationship between Olea and Vayana will bring together their offerings and provide a focus on long-term value. Olea brings its structuring capability, technology platform, and access to funding from alternative investors globally. On the other hand, Vayana is entrenched in the Indian ecosystem and can leverage its close relationships with corporates in India to provide financing solutions.

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Keywords: supply chain finance, partnership, SMEs, trade finance
Categories: Payments & Commerce
Companies: Olea, Vayana Network
Countries: India
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Payments & Commerce



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