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AP Factors Raises Undisclosed Amount In Pre-Seed Round

The round witnessed participation from Family office of Manish Choksi and Jaspal Bindra (Chairman, Centrum Group), Ketan Gaikwad (MD & CEO, RXIL), Nitin Gupta (Founder, Unicards), Vivek Vishwas Patel (Co-Founder, Go Payments), amongst others

Artfine’s NBFC Factoring arm, Arth Padarth Factors and Finance (AP Factors), raises an undisclosed amount from investors in its pre-seed funding round. The round witnessed participation from industry stalwarts including the Family office of Manish Choksi and Jaspal Bindra (Chairman, Centrum Group), Ketan Gaikwad (MD & CEO, RXIL), Nitin Gupta (Founder, Unicards), Vivek Vishwas Patel (Co-Founder, Go Payments), amongst others.

Helmed by ex-bankers Arvind Rangarajan TCA, Saini Rajgopal and Shantanu Bairagi, the new age fintech positions supply chain financing as an asset class for Capital Mcarkets alongside CV pools and Microfinance. 

“India TReDS platforms have seen leap frogging factoring volumes in the last fiscal, AP Factors is well positioned as a Factoring NBFC to ride this wave with its innovative solutions for SMEs and MSMEs.” says investor Ketan Gaikwad (MD & CEO, RXIL).

Saini Rajgopal, Co-founder of Artfine Advisory says, “Access to timely capital is critical for India’s manufacturing and service sector for growth. Several MSMEs supply regularly to well rated corporate clients but their growth is thwarted due to lack of working capital. We bridge the gap by factoring their receivables and releasing collateral free working capital. Further this portfolio of good quality receivables is offered as investment options in the form of Pass Through Certificates (PTCs)”.


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