सध्या फक्त इंग्रजीत. या पानाचे भाषांतर अजून झाले नाही. हे कॉर्पोरेट फायनान्स आणि बँकिंग टीमसाठी लिहिले आहे, ज्यांनी आम्हाला सांगितले की त्यांना इंग्रजीतच वाचायला आवडेल. MSME पुरवठादारांना लागणाऱ्या पानांचे पूर्ण भाषांतर झाले आहे.
For banks and NBFCs
Short-tenor, self-liquidating receivables on buyers you already rate.
We originate, verify and service. You underwrite, price and fund. No first-loss from us, no risk participation, and no position in the flow of funds.
The asset
| Instrument | Trade receivable, invoice-backed. A loan secured on the receivable, with recourse to the seller. |
|---|---|
| Tenor | 30-120 days. Weighted average around 60. Self-liquidating - repayment is the buyer settling the invoice, not a refinancing. |
| Obligor | The corporate buyer, not the MSME. Graded in three bands: large listed and PSU, established mid-market, and small or newly added. |
| Advance rate | 90%. The retention absorbs dilution before any principal is at risk. |
| Security | Charge over the receivable, registered with CERSAI. |
| Priority sector | Lending to registered MSME sellers is eligible for PSL classification. Udyam registration is verified at onboarding, not asserted. |
| Concentration | Per-seller and per-buyer limits you set yourself. The deal screen shows your existing exposure to that buyer before you quote. |
The controls we run before you see a deal
Every check below runs automatically on submission. The evidence - what was checked, against which source, when, and what came back - is on the deal screen. You are not asked to take our word for any of it.
Check 1
GST registration
The seller’s GST registration is live and their returns are filed up to date.
Check 2
e-Invoice IRN
The invoice was registered on the government e-invoicing portal and the reference matches.
Check 3
e-Way bill match
The e-way bill matches the invoice - evidence that goods actually moved.
Check 4
Duplicate invoice check
A content hash against every invoice ever submitted, so the same invoice cannot be financed twice.
Check 5
CERSAI charge search
A CERSAI search for an existing charge over the same receivable.
When a check is overridden by a human, we say so. A forced result is labelled “set manually” on your screen and on the seller’s, carries the name of who set it, and is written to the audit log. A back office that can quietly flip a verification is itself the fraud risk, so we made that impossible to do silently.
Who does what
We do
- Originate and onboard the seller, with KYC and Udyam verification
- Run the verification sequence and hold the evidence
- Obtain the buyer’s confirmation that the invoice is genuine and unpaid
- Generate the Key Fact Statement and the financing documents
- Service the account, chase collections and record dilution
- Give you a full audit trail and a portfolio export
You do
- Set your own limits, per seller and per buyer
- Set your own rate grid - it is yours, not ours, and sellers see the difference
- Decide each deal on its merits, and decline without giving a reason
- Disburse directly to the seller’s verified account
- Hold the credit risk and the asset on your book
We take no credit risk and offer no first-loss guarantee. Our revenue is a Processing fee on invoice value, published on the fees page. The discount charge is yours in full. We have deliberately not built a structure where our income depends on volume you would not otherwise have written.
Where the money actually sits
This is the first question a compliance team asks, so it is answered before it is asked.
We are a Lending Service Provider, not a regulated entity. We hold no RBI licence, registration or authorisation, because an LSP does not need one - you hold the licence and you carry the regulatory obligation. We are not an NBFC, not a factor, and not a participant in any TReDS exchange. What we are is your origination and servicing layer, acting under your policy.
That does not put the arrangement outside the rules. The RBI Digital Lending Directions reach us through you, and they are explicit: disbursal must go directly into the borrower’s bank account, repayment must go directly to the regulated entity’s account, and the LSP must have no control over the flow of funds - no pass-through account, no pool account, no third-party escrow that we operate.
So we do not hold client money at any point. Every settlement account on the platform records whose it is - yours, an escrow the bank operates, or the seller’s own - and a disbursal account can only ever be the seller’s. Our fee is invoiced and collected separately, not netted out of a flow we control.
A platform-controlled escrow would be simpler to build and is what several comparators appear to do. It is the specific arrangement that rule exists to prevent, so we did not build it.
Every movement is double-entry and the ledger is balanced by construction - a transaction that does not balance cannot be written. The ops ledger screen shows it live, and we will walk it with you rather than describe it.
What a pilot looks like
Small, bounded, and designed so that the downside is a quarter of your time rather than a book you have to work out.
Set a ring-fenced limit
A total exposure cap, a per-seller cap, and a list of buyer grades you will look at. Nothing outside it ever reaches your queue.
Load your own rate grid
Three numbers - one for each buyer grade. Sellers see your quote alongside others and choose. You find out quickly whether you are priced to win.
Take the first deals manually
Every deal goes through your credit process as normal. We are not asking you to automate underwriting on day one, or ever.
Review at 25 invoices or 90 days
By then the first cohort has matured. You have realised dilution, actual days-to-pay against expected, and a portfolio export that goes into your own MIS.
The obvious objection, taken seriously
Our third buyer band - small or newly added buyers - is where you will not want to bid, and that is the correct instinct. RBI permitted trade credit insurance on TReDS in June 2023 precisely because financiers would not bid on weaker buyers, and the premium is not charged to the MSME. That is the mechanism we would want to bring to this band rather than asking you to price the risk blind.
To talk about a pilot, use the contact page. It reaches a person, not a queue.