Cashinvoice, a platform that finances supply chains, secured a $3.4 million Series A round from institutional investors, including Pravega Ventures, HDFC Bank, and former investor Accion Venture Lab.
Additionally, the backer will collaborate with the business to jointly develop goods that can be used for supply chain finance, as reported by The Economic Times.
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CashInvoice is committed to providing products that streamline supply chain financing and boost efficiency.
CashInvoice provides affordable financial products to every stakeholder, fostering greater financial inclusion for vendors, businesses, dealers, distributors, and retailers connected with them.
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The Mumbai-based startup collaborates with twenty-five banks and an ecosystem of major players in the supply chain, including Tata Motors, Voltas, and Britannia.
About Cashinvoice
Cashinvoice is a digital marketplace that unlocks supply chain finance for small businesses. By leveraging technology, the Cashinvoice platform links financial institutions, large corporations, and their MSME supply chain partners to extend working capital by offering embedded lending products to grow and scale.
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