New Delhi. Fintech platform Volofin, offering end-to-end solutions in factoring and
supply chain financing, announced a $50 million funding line from one of the
largest global banks. This strategic funding aims to address critical trade
finance gaps and empower SMEs (Small and Medium Enterprises) in India
and globally.
Volofin plans to use the funds to scale its operations and accelerate growth, with a vision to expand the funding line to $150 million within 2-3 years.
Roshan Shah, Co-founder and CEO of Volofin, said:
"We are thrilled to receive funding from such a prominent global
institution that believes in our mission to serve SMEs. This marks a crucial
milestone in our growth journey as we remain committed to addressing trade
finance gaps and supporting exporters, the backbone of the economy."
Volofin’s innovative approach
focuses on offering flexible lending solutions to SMEs, leveraging advanced
financial tools and technology to capitalize on growth opportunities and
streamline complex supply chains.
Headquartered in Singapore,
with a presence in India and the USA, Volofin has established
strategic partnerships with major global banks and financial organizations to
ensure value-added services for its clients.
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