Top 10 Supply Chain Financing Startups in India 2024

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.

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Best Supply Chain Financing Startups in India

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

1. 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 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.

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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

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 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 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 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 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

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

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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

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 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.

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