Vayana Network eyes to double disbursements to $10 bn by March 2022

Supply chain finance start-up Vayana Network is eyeing to double the disbursements through its platform to USD 10 billion by March 2022 having already crossed the USD 5-billion-mark in trade finance to 250 supply chains spanning 25 industries.

The Pune-based company is disbursing around Rs 3,000 crore a month now and is confident of increasing the monthly run rate to Rs 5,000 crore by the end of this financial year, founder and Chief Executive Officer Ram Iyer told PTI.

A fifth of the USD 5 billion transactions took place during the seven lockdown months and now, the company is processing around Rs 3,000 crore a month. With this run rate, the firm can easily double its run rate to USD 10 billion by March 2022, Iyer said.