Vayana Gets NBFC Licence From RBI, Eyes $20 Mn Fundraise

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SUMMARY

While Vayana is in talks with existing backer SMBC Asia Rising Fund for the round, the fintech is also scouting a fresh investor to lead the potential fundraise

The NBFC licence will enable Vayana to sign co-lending partnerships with large lenders, and take part of the loan exposure on its own books

In August 2024, Vayana raised $20.5 Mn as a part of its Series D round led by SMBC Asia Rising Fund, valuing the PayU-backed fintech platform at $240 Mn

Supply chain financing platform Vayana has reportedly received a…



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Vayana Gets NBFC Licence From RBI, Eyes $20 Mn Fundraise


SUMMARY

While Vayana is in talks with existing backer SMBC Asia Rising Fund for the round, the fintech is also scouting a fresh investor to lead the potential fundraise

The NBFC licence will enable Vayana to sign co-lending partnerships with large lenders, and take part of the loan exposure on its own books

In August 2024, Vayana raised $20.5 Mn as a part of its Series D round led by SMBC Asia Rising Fund, valuing the PayU-backed fintech platform at $240 Mn

Supply chain financing platform Vayana has reportedly received a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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