A specialist trade finance and securitisation platform is unlocking working capital for India’s MSMEs by transforming high quality corporate receivables into rated, listed capital market products.
What the company does
- Addresses a ~INR 20 lakh crore MSME credit gap by valuing and financing receivables from well rated buyers, rather than relying solely on small borrower balance sheets and CIBIL scores.
- Uses a proprietary multi anchor, multi lender invoice discounting and securitisation engine to pool invoices, obtain external credit ratings, and place rated paper with banks, NBFCs, funds, PMSs and family offices.
Product, structure and moat
- Pioneered India's first rated, listed corporate trade receivable PTCs backed by diversified pools of 900+ invoices from 25+ blue chip buyers (including leading e commerce and banks), rated A (SO) by a major agency and listed on the BSE.* Structures RBI compliant transactions with stringent pool selection, 10% first loss participation by an NBFC, additional security deposits, escrow collections and dual recourse on buyers and vendors, resulting in high quality assets for investors.
Regulation and technology
- Operates with an NBFC factoring licence that allows sale or securitisation of receivables without minimum holding periods and has built proprietary technology (securitisation engine plus invoice discounting platform) with integrated insurance partnerships for trade credit cover.
- Continuing to employ AI driven pool selection tools and expand pan India.