Cashinvoice clocks Rs. 2,100 crores of throughput in FY 20-21, making it India’s leading supply chain finance platform

With 12x  y-o-y growth, Cashinvoice emerges as fastest growing supply chain finance marketplace in India

Cashinvoice, India’s leading digital supply chain finance marketplace, recently clocked in a transaction throughput of INR 2,100 crores in FY 2020-21. Launched in 2018, Cashinvoice offers end to end Supply Chain Financing services to some of India’s Top 50 corporates. The platform has processed ~5,00,000 invoices drawn by small and medium enterprises on their Large Corporate Buyers. The clients of Cashinvoice have, witnessed reductions in procurement cost to an extent of 1.0 -2.0 % by implementing the AI driven automated SCF solution.

Mr. Arun Poojari, CEO, Cashinvoice said, “It is a proud moment for us to have crossed the Rs. 2000 Cr milestone during this challenging year and emerge as the fastest growing Supply Chain Financing player in India. We intend to maintain the momentum and aim to cross the ~10000 Cr mark in FY21-22, though our robust digital process and innovative services to our current and prospective customers.”

Cashinvoice, although — witnessed minimal business activity in the first two months of FY20-21, owing to nationwide lockdown — saw a quick spurt starting July 2020 as economic resurgence became evident across the country.

Shrinivas Kasar, Co-Founder, Cashinvoice mentioned that the digital adoption accelerated as a result of lockdown which has helped them implement their solutions more efficiently. He added, “We have built easy to implement utilities that build a seamless interface between large ERP systems and banks who provide funding on our platform. To make the access easier to small businesses, we also launched our mobile application in September 2020 and have witnessed that ~50% of our transactions happen through this channel. The pandemic has brought to light the need for efficient working capital, with a lot of acceptability for healthy and digital supply chain amongst the corporates”.

Speaking about Tata Motors’ association with Cashinvoice, Arati Desai, MD & CEO of TML Business Services Ltd subsidiary of Tata Motors “Partnering with Cashinvoice has really helped us provide Tata Motors’ vendors with new innovative options. The team has a great problem solving spirit and goes the extra mile to meet the client requirements. With good user experience and robust technology, Cashinvoice  has proven themselves to be a reliable partner for us in our endeavour to support our vendors with effective working capital management.”

Supply Chain Financing services can enable suppliers and distributors with enhanced working capital, which can make them globally competitive. Not only does this type of financing help lenders extend working capital to suppliers but also aids large corporates in improving their working capital management. As India moves towards burgeoning export possibilities, supply chain financing can significantly ease pressures for all players in the market.

Cashinvoice offers a win-win proposition to all the constituents viz. Large corporates , their suppliers and buyers. With the digital onboarding process entities are able to sign up within minutes and without requiring too much documentation, Cashinvoice’s integrated financial solutions offer multiple financing options to the buyers and sellers and is able to bring down cost of financing by as much as 4-6% p.a.

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