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 of 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, through 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.