Vayana Network

Vayana Network operates as a significant B2B trade financial intermediary in India, connecting small and medium-sized enterprises (SMEs) and larger corporations with financial institutions to facilitate access to trade loans. The company was founded by Ramaswamy Iyer, with some sources indicating a founding year of 2017 , while others suggest 2016 or as early as 2009. Iyer, a serial entrepreneur with an MBA from IIM Ahmedabad, previously founded and sold CashTech Solutions, a cash management vendor. This experience in selling trade finance systems to banks revealed a market need for a platform that could increase the volume of trade credit applications, leading to the creation of Vayana.

The company's core business involves a digital platform that authenticates transactions between buyers and sellers, which serves to reduce risk and costs for lending institutions. Vayana's business model is centered on charging service fees to its partner banks and financial institutions based on the financed portfolio it manages, from sourcing to settlement. It also generates revenue through platform fees for its services as a GST Suvidha Provider (GSP), offering GST, E-Way Bill, and e-invoicing compliance solutions. A key aspect of Vayana's strategy is to make the financing process seamless and integrated into the existing trade workflows of businesses, aiming for a 'zero-change' experience for its customers. The platform is designed to handle various invoice formats, converting them into a standardized data format for banks and corporate ERP systems.

Vayana serves a broad client base, from large corporations to micro-enterprises across numerous sectors including automotive and FMCG. Its network spans over 600 cities in India and extends to 23 countries. A significant milestone was achieved in March 2025 when the company secured a Non-Banking Financial Company (NBFC) license from the Reserve Bank of India (RBI). This license enables Vayana to move beyond its role as an aggregator and participate directly in co-lending partnerships with other financial institutions. The company has raised substantial funding over several rounds, including a Series D round in July 2024, to support its expansion and the capitalization of its NBFC business. Additionally, Vayana has established an International Trade Finance Services (ITFS) platform in GIFT City, Gujarat, to facilitate cross-border trade finance for exporters and importers.

Keywords: supply chain finance, trade finance, B2B lending, fintech, SME financing, working capital, trade credit, invoice discounting, GST Suvidha Provider, e-invoicing, payables financing, receivables financing, NBFC, cross-border trade finance, Ramaswamy Iyer, Vayana TradeXchange, digital lending, corporate finance, MSME credit, financial technology