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Top 10 Supply Chain Financing Startups in India 2024

By Viestories
New Update
Mintifi, KredX, Cashflo, Vayana, NAKAD, Veefin, FinAGG, CredAble, Cashflo, and Artfine are the Top 10 Supply Chain Financing Startups in India.
Top 10 Supply Chain Financing Startups in India

Supply chain finance is a short-term financing platform that helps buyers to pay their payments later. It helps buyers and suppliers enhance their management of working capital.

here buyer places an order for goods or services from a supplier. Subsequently, the buyer receives an invoice for the transaction, which is due within a certain time. The buyer approves the seller to get money help from a lender or financier. Then, the seller can then sell the invoice to the lender for a discounted price.

Read also - Top Agri Warehousing Startups in India 2024

Best Supply Chain Financing Startups in India

Here, we will see some best Supply Chain Financing Startups in India.

1. Mintifi

Mintifi - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | Mintifi

Mumbai-based Mintifi is one of the leading financial services platforms, where they provide loans to small and medium business owners. It was started in 2017 by Anup Agarwal, Sanjoy Shome, and Ankit Mehta.

Their data-driven tools offer an affordable and transparent borrowing process for small business owners. It provides loan solutions for businesses in various sectors such as travel, traders, hotels, pharmacists, FMCG, and mobility among others.

2. KredX

KredX - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | KredX

KredX is a Bengaluru-based one of the leading Supply Chain Financing Solution Providers. It provides advanced finance through the use of cutting-edge technology and data.

Read also - Top 10 Fintech Investors For Startups in India

It provides several customized solutions spanning from enterprise finance and cash flow management solutions to working capital and channel financing, catering to businesses of all sizes within the supply chain ecosystem. Additionally, it also provides unique alternative debt investment solutions to investors globally.

3. Cashflo

Cashflo - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | Cashflo

Mumbai-based Cashflo is one of the leading supply chain financing platforms. It aims to unlock the undiscovered financial potential of millions of Indian businesses.

Its AP automation and supply chain financing are transforming the payment management processes for big businesses. It creates an ecosystem in which they easily connect buyers, suppliers, and financiers.

4. CredAble

CredAble - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | CredAble

CredAble is a Mumbai-based platform founded by Nirav Choksi and Ram Kewalramani. It is a cutting-edge working tech platform that was started with a mission to pioneer the future of working capital management.

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Its working capital infrastructure boasts a range of scalable products and value-added financing solutions that are engineered for businesses of all sizes. It is shaping the future of working capital management and trade finance with 360° tech-enabled solutions built to accelerate business growth.

5. Veefin

Veefin - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | Veefin

Veefin is one of the most trusted SCF technology providers in all over country and South Asia, experiencing rapid growth in global markets. It is developed by bankers for bankers. Veefin offers an end-to-end product suite designed to effortlessly digitize the onboarding process, multi-facility underwriting, and SCF loan management journeys.

Its robust tech stack is powering the SCF ecosystem in India, particularly through the Public Sector Bank Alliance.

6. Vayana

Vayana - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | Vayana

Vayana Network operates as an electronic network where that connects corporations and their Supply Chains with Financial Institutions, facilitating convenient, fast, and low-cost access to Trade Financing for their Payables and Receivables.

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It is widely recognized as one of the preferred Trade Finance in India. Additionally, Vayana GSP holds a unique position to assist organizations with their E-way bill compliance, collaborating with various solution providers (ASPs) in this domain.

7. FinAGG

FinAGG - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | FinAGG

FinAGG is one of the dynamic Fin-Tech organizations, dedicated to creating and helping India’s largest distributor and retailer network. It is entrusted by major corporate houses in India.

The company has been at the forefront of disrupting the lending market from its early stage. It prioritizes SME/MSME and retailers at the forefront of their vision and champions them as they represent the backbone of a sizable portion of the creation and consumption ecosystem throughout the country.

8. NAKAD

NAKAD - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | NAKAD

Delhi-based NAKAD is a platform founded by Ujwal Kalra, Sambhav Jain, and Avinash Uttav in 2022.

Read also - Top 10 Agritech Investors For Startups in India

It is a deep-tier supply chain finance platform where they help small and medium-sized businesses by providing money so they can keep their operation going. It has secured $7 million in a funding round, led by Accel and Matrix Partners India.

9. LIVFIN

LIVFIN - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | LIVFIN

Gurgaon-based LIVFIN is a non-banking financial startup founded by Rakesh Malhotra in 2017. It grants loans to small and medium businesses so they can run their operations in India.

It provides various products such as Supply Chain Finance, Emergency Credit Line, Working Capital Solution,  and Guarantee Scheme.

10. Artfine

Artfine - Supply Chain Financing Startups in India
Top Supply Chain Financing Startups in India | Artfine

Artfine is a Mmbai-based platform that specializes in structuring financial solutions, especially for Supply Chain Financing.

They create unique financial solutions to fill in the gap that regular bank options might miss.

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Conclusion - Supply Chain Financing Startups

Supply chain financing startups in India are in tremendous growth and also growing continuously. As Businesses are changing and financial services are becoming digitized, demand for these startups is growing.

Frequently Asked Questions (FAQs)

What is Supply chain financing startups?
Supply chain financing startups are those platforms that provide financial solutions to small and medium-sized businesses.
Who founded Mintifi?
Mintifi was founded by Anup Agarwal, Sanjoy Shome, and Ankit Mehta.
Which are the Top 10 Supply Chain Financing Startups in India?
Mintifi, KredX, Cashflo, Vayana, NAKAD, Veefin, FinAGG, CredAble, Cashflo, and Artfine are the Top 10 Supply Chain Financing Startups in India.
Read the Next Article

Best Insurtech Startups In India for 2025

Insurtech startups in India are significantly changing the insurance industry. By using advanced technologies and innovative ideas these companies are making insurance easier to access more affordable and user-friendly for consumers.

By Aryan Sharma
New Update
Insurtech Startups In India

Insurtech startups in India are changing the insurance industry by using advanced technologies like artificial intelligence machine learning and data analytics. These companies are developing new insurance solutions that are made to fit the specific needs of Indian customers. They help improve processes like assessing risks distributing policies and handling claims.

As India startup ecosystem grows insurtech companies are playing an important role in making insurance easier to access more efficient and focused on customer needs. By using advanced technologies these insurance startups are able to create innovative products designed specifically for Indian consumers.

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Top Insurtech Startups in India for 2025

Explore the top insurtech startups in India for 2025. Discover key players, their offerings, and how they are transforming customer experiences and insurance accessibility.

Digit Insurance

Digit Insurance is an online insurance company in India that offers a variety of insurance products. Digit is a general insurance company founded by Kamesh Goyal and supported by the Fairfax Group. It offers car insurance, travel insurance, home insurance, commercial vehicle insurance, and shop insurance. 

Digit General Insurance provides various motor insurance policies to protect you and your vehicle from accidents, theft and natural disasters. They also offer extra add-on covers to enhance your insurance protection.

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PolicyBazaar

Policybazaar is an online insurtech startup in India that lets users easily compare buy and manage different insurance policies. It offers a website and mobile app where users can compare insurance options and other financial services from top insurance companies.

Based in Gurgaon, India PolicyBazaar has grown to a workforce of 1,001-5,000 employees and made a notable impact in the insurance industry. Between 2014 and 2018, the company secured over $238 million in funding with major backing from SoftBank Group.

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Acko General Insurance

Acko General Insurance is a private insurance company in India that provides a range of products online. Acko General Insurance is a private sector general insurance company based in India. Founded in November 2016 it obtained its license from the Insurance Regulatory and Development Authority of India (IRDAI) in September 2017.

ACKO Health Insurance offers affordable health insurance policies through its online distribution model. In contrast to traditional health plans in India which are typically sold through agents and brokers who earn commissions from the insurance company ACKO focuses on direct online sales.

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Go Digit Insurance

Go Digit Insurance is a digital insurtech startup provider that offers a variety of insurance products. Headquartered in Bengaluru, India. Go Digit Insurance is a prominent insurtech company in the country. With a substantial workforce and over $200 million in total funding since 2017 this digital insurance provider is transforming the Indian insurance landscape.

The car insurance provider offers motor insurance to its clients through a network of over 5,800 cashless garages located across the country. The company provides a smartphone-enabled claim settlement service simplifying the process for policyholders.

Explore more insurance broking companies in India.

Insurance Dekho

InsuranceDekho is an online insurtech startup that lets users compare insurance quotes and purchase insurance policies. It has a wide variety of insurance products including health, life, motor, travel and pet insurance. InsuranceDekho is an omnichannel platform that provides not just insurance options but also investment choices and tax schemes. 

The company currently claims to partner with 48 insurance providers, offering more than 630 insurance plans on its platform. An online insurance comparison platform for individuals, it allows users to select multiple policies, compare prices, and make payments. The platform offers insurance plans for health, cars, and bikes.

RenewBuy

RenewBuy.com is one of India’s fastest-growing online insurtech startup distribution platforms, offering a wide selection of life and general insurance policies from various insurance providers.

RenewBuy aims to simplify insurance and make it accessible to everyone. The company mission is to provide the widest range of insurance options through their Point of Sale Person (POSP) advisors using their innovative proprietary technology. RenewBuy is one of the fastest-growing online distribution platforms offering a broad selection of life and general insurance policies as well as other financial products.

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SecureNow

SecureNow is an insurance brokerage firm in India that provides commercial insurance solutions for small and medium-sized enterprises. SecureNow is one of the leading insurance companies in India, dedicated to protecting small and medium-sized enterprises by offering the best and most affordable insurance options.

SecureNow is a young insurance brokerage firm, is filling an important gap by providing pure-risk commercial insurance to small and medium-sized enterprises. These smaller businesses often lack access to quality insurance options on their own. We provide you risk assessment & cover at best rates.

Turtlemint

Turtlemint is a digital platform that supports financial advisors in distributing insurance products to their clients. It also helps consumers find and purchase suitable insurance policies. The platform's goal is to demystify insurance by simplifying complex terms and providing smart tools that assist users in making informed decisions.

Turtlemint streamlines the understanding and purchasing of insurance. They aim to make insurance more accessible by clarifying difficult terms and offering helpful tools for users. Turtlemint has a friendly team of insurance advisors available via chat, phone and in-person to assist users with purchasing and claims services.

Toffee Insurance

Toffee Insurance is a digital insurtech startup that provides small, affordable and accessible insurance products for everyday needs. Toffee Insurance is a microinsurance platform that helps millions of people insure their everyday items for peace of mind. The platform primary goal is to simplify the insurance process by reducing the hassle of complicated paperwork and time-consuming procedures.

Toffee has also launched innovative products such as cycle, EV and pet insurance along with a one-click process for issuing policies and processing claims. By focusing on fairness, transparency and customer-centricity they have gained the trust of millions. Now they are planning to expand their offerings to provide insurance for everyone.

Coverfox

Coverfox is an online insurance broker in India that lets customers compare and buy insurance policies from more than 30 insurance companies. Coverfox Insurance is a company based in Maharashtra that offers various insurance products and services. They help you buy, renew, and compare insurance plans, including motor, health, term, and life insurance. 

Coverfox makes shopping for insurance easier by offering many options on one platform. Their AI system recommends policies based on your profile, and human experts are available to help you choose the best option.

Finsall

Finsall is an insurance fintech platform that provides financing options for insurance premiums in India. Finsall is providing every Indian with an affordable, simplified, and seamless digital premium financing experience. As a leader in India’s insurance premium financing industry, we are dedicated to maintaining our status as the most trusted partner in the ecosystem.

Finsall is one of the top and most affordable insurance companies in India. They primarily focus on offering installment plans for customers who cannot pay their insurance premiums upfront. They partner with banks that provide loans to these customers.

Probus

Probus is a leading insurance broker with a retail client presence throughout India. It maintains a strong balance of both life and non-life insurance businesses. Probus was established on November 22, 2002. Probus is a non-profit, non-political, and non-sectarian organization that offers a social space for retired and semi-retired individuals to connect, make friends, and explore their interests.

PROBUS is a local, national, and international association of retired individuals who gather in non-political, non-sectarian, non-profit, and autonomous clubs. These clubs offer regular opportunities for members to meet others in similar situations.

Conclusion

Insurtech startups in India are significantly changing the insurance industry. By using advanced technologies and innovative ideas these companies are making insurance easier to access more affordable and user-friendly for consumers. As the industry grows these startups are not only addressing the changing needs of Indian customers but also helping create a more efficient and transparent insurance system. With their focus on simplifying the insurance process and improving customer experience insurtech startups are set to lead the future of insurance in India.

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