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19/05/2022 04:17pm

Olea and Vayana Network combine to help SMEs access to export finance

image Olea and Vayana Network combine to help SMEs access to export finance

New Delhi, May 19 (KNN) Olea Global Pte. Ltd., a digitised supply chain platform and Vayana Network, trade finance platform have announced a partnership which plans to provide small and medium enterprises (SMEs) with timely access to alternative liquidity.

The partnership will initially focus on making export finance readily available for small and mid-sized exporters.

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It will address the clear need for products which offer straightforward and fast access to capital.

The synergies from the relationship between Olea and Vayana will bring together their unique offerings and provide a focus on long-term value.

Underlining India’s growing interest to become a manufacturing hub, and MSMEs’ need for quicker access to sources of capital, Ram Iyer, Founder and CEO, Vayana Network, said, “We aim to provide a wide array of trade finance solutions to businesses. The partnership with Olea complements our vision of connecting the smallest of businesses with the largest of lenders.”

Letitia Chau, Deputy CEO of Olea said, “Addressing the credit gap for MSMEs directly impacts their ability to provide employment, among other things. Hence, the collaboration with Vayana strongly aligns with our desire to empower sustainable trade.”  (KNN Bureau)

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