Vayana raises $20.5m in Series D round led by SMBC’s Asia Rising Fund

By Gloria Mathias

Vayana, India’s trade credit infrastructure platform, has raised $20.5 million as part of its ongoing Series D funding round.

Led by SMBC’s Asia Rising Fund, including participation from existing investors such as the International Finance Corporation (IFC), Chiratae Ventures, and Jungle Ventures, as well as distinguished family offices like Quantum State Investment Fund and Emerald Company.

This funding round aims to fuel Vayana’s commitment to providing affordable financing throughout the supply chain. New products will be introduced to enhance the company’s suite of trade credit, compliance, and risk management platforms.

Vayana provides a full range of trade credit assessment, monitoring, and trade document processing services. It facilitates over $1 billion of financing every month by banks and NBFCs to over 3000 supply chains and their constituents distributed across the country.

Keiji Matsunaga, General Manager of the Digital Strategy Department at Sumitomo Mitsui Banking Corporation, said, “We are excited to support innovation in finance to create social value via our collaboration with Vayana, which seeks to enable SMEs through opportunities to be part of supply chains. We look forward to combining the expertise of SMBC Group with Vayana’s technologies to contribute to India’s further growth.”

Ram Iyer, Founder and CEO of Vayana, added, “MSMEs in India contribute 30% to GDP and 62% towards employment. Their continued success will leverage India’s population demographics and equitable growth across the country. Access to affordable and embedded trade credit represents the best catalyst to aid their success. We also believe that this goal requires the support of highly experienced financial services investors, and we are glad to have the backing of SMBC Asia Rising Fund as well as our current investors in this round. We owe a huge gratitude to over 400 Vayanians working relentlessly in this mission and to the corporates, banks and MSME customers who have encouraged us on this journey.”