Supply chain financing platform Cashinvoice raised $3.4 M Series A funding
The supply chain financing platform Cashinvoice, based in Mumbai, has raised $3.4 million from institutional investors Pravega Ventures, HDFC Bank, and its current investor Accion Venture Lab in its Series A round.
Before this, in 2021, Accion Venture Lab contributed $1 million to the startup’s pre-Series A fundraising round.
Established in September 2019, Cashinovice offers tailored supply chain financing (SCF) options via its online marketplace for invoice discounting to suppliers and purchasers of mid-sized and large corporations.
By the end of the March 2025 fiscal year, Cashinvoice intends to have disbursed loans to micro, small, and medium-sized businesses totaling $2.4 billion (FY25).
Along with a network of supply chain behemoths or anchor companies like Tata Motors, Voltas, and Britannia, the startup has partnerships with twenty-five banks.
According to Cashinvoice, it has 100,000 distributing and supplying vendors in its network, with 5,000 of them actively lending money to MSMEs. Approximately Rs 17,000 crore is its total invoice financing throughput.
