VoloFin

VoloFin Empowers Indian Leather Exporter with swift USD 1 Million Deal for US Buyer

March 26, 2024

VoloFin Empowers Indian Leather Exporter with swift USD 1 Million Deal for US Buyer

In the dynamic world of international trade, agility, and precision are the paramount qualities especially when it comes to dealing with esteemed clients. We, a Singapore-based fintech and factoring entity, recently demonstrated its prowess by facilitating a seamless USD 1 million deal for a prominent Indian SME exporter specializing in leather goods.

 

The exporter’s primary market is the United States, and maintaining a healthy relationship with their US-based buyers is crucial. VoloFin recognized the situation’s sensitivity and orchestrated a deal with finesse and speed, ensuring a hassle-free receivable financing solution that did not disrupt the established rapport with their US buyer.

 

One of the key aspects was the buyer being a listed and investment-grade entity in the US, demanded a meticulous approach to avoid any disruption in the existing approach and relationship. Fortunately, VoloFin’s prior onboarding on the buyer’s portal and familiarity with their processes proved to be a decisive advantage. Leveraging this knowledge, the deal was not only stitched in record time but also executed flawlessly.

 

This success story underscores VoloFin’s commitment to providing innovative financial solutions tailored to the unique needs of SME exporters. The ability to navigate complex international transactions efficiently positions VoloFin as a reliable  partner in the ever-evolving landscape of global trade finance.


In conclusion, VoloFin’s recent accomplishment exemplifies how strategic collaboration, market understanding, and technological proficiency can converge to empower SMEs in their pursuit of international business success. As the world of finance and trade continues to evolve, VoloFin stands as a beacon of agility andreliability for businesses seeking seamless solutions in their export endeavors.

Gain access to collateral-free working capital solution in just 24 hours

Related News Updates

November 11, 2024 India Exim Finserve Partners with VoloFin to Boost SME Exporters read More Gain access to collateral-free working capital solution

November 11, 2024 India Exim Finserve partners with VoloFin to enhance receivables finance solutions for SME exporters read More Gain access to

November 11, 2024 India Exim Finserve Partners With Volofin For SME Trade Finance Solutions read More Gain access to collateral-free working capital

VoloFin’s Cross-Border Financial Expertise: Empowering Global Trade in thePharmaceutical Industry

February 27, 2024

VoloFin's Cross-Border Financial Expertise: Empowering Global Trade in thePharmaceutical Industry

VoloFin recently demonstrated its prowess in facilitating a unique transaction for a Cyprus-based pharmaceutical product supplier. This success story highlights VoloFin’s commitment to innovation and showcases the company’s global reach and proficiency in structuring tailored financial solutions.

 

The Challenge : Cross-Border Complexity in Pharmaceutical Trade

Our client a pharmaceutical supplier, based in Cyprus, found itself in a challenging position with open account receivables tied to a buyer in France.  The transaction involved a  substantial capacity of Euro Mn, and conventional financial institutions were struggling to devise a receivable financing solution due to the intricate nature of the deal.

 

VoloFin’s Expertise in Action: 

Recognizing the uniqueness posed by this cross-border transaction, VoloFin leveraged its expertise and global presence to craft a tailored solution that addressed the specific needs of the pharmaceutical supplier. The key factors that contributed to the success of this deal include:

 

Innovative Platform Capabilities:

VoloFin’s inbuilt platform played a pivotal role in providing the required capacity for the transaction. Its cutting-edge technology and financial tools allowed for a seamless integration of various elements, streamlining the financing process.

 

Global Network: 

With a strategic presence in Singapore, India, and the United States, VoloFin utilized its international network to bridge gaps and facilitate communication between the diverse stakeholders involved in the transaction.

 

Navigating Cross-border Dynamics: 

VoloFin’s understanding of international jurisdictions, particularly between Cyprus and France, played a crucial role in structuring the transaction process effectively. This expertise allowed for compliant and efficient invoicing, ensuring smooth financial operations within the bounds of legal frameworks.

 

VoloFin not only facilitated a successful transaction but also showcased the potential offintech solutions in addressing complex financial scenarios. The company’s ability to tailor financial instruments, leverage global networks, and collaborate with strategic partners underscores its commitment to empowering businesses in the ever-expanding landscape of international trade.

 

As global commerce continues to evolve, VoloFin stands as a beacon of innovation and adaptability,  providing financial solutions that transcend borders and empower businesses to thrive in a complex and interconnected world

Gain access to collateral-free working capital solution in just 24 hours

Related News Updates

November 11, 2024 India Exim Finserve Partners with VoloFin to Boost SME Exporters read More Gain access to collateral-free working capital solution

November 11, 2024 India Exim Finserve partners with VoloFin to enhance receivables finance solutions for SME exporters read More Gain access to

November 11, 2024 India Exim Finserve Partners With Volofin For SME Trade Finance Solutions read More Gain access to collateral-free working capital

Revolutionizing Trade Finance: Roshan Shah’s Volofin Takes the Lead in Fintech Factoring Solutions

StartupTalky presents Recap’23, a series of in-depth interviews where we engage with founders and industry leaders to explore their growth in 2023 and their predictions for the future.

The fintech industry, a dynamic blend of finance and technology, is revolutionizing traditional banking and financial services. Digital payments, blockchain, and robo-advisors are reshaping how we manage money. Startups in this sector focus on providing user-friendly interfaces, efficient transactions, and personalized financial solutions. The industry’s rapid growth is fueled by innovations like peer-to-peer lending, contactless payments, and mobile banking.

VoloFin and Highmore Announces Strategic Partnership To Boost Working Capital For SMEs

VoloFin and Highmore Announces Strategic Partnership
March 17, 2022

VoloFin and Highmore Announces Strategic Partnership To Boost Working Capital For SMEs

Singapore, 17th March 2022 – VoloFin, a blockchain-powered fintech platform with operations in Singapore, USA, and India announces strategic partnership with US-based alternative asset management group, Highmore.

 

Highmore is an SEC-registered alternative asset management company and was founded by highly experienced team from firms such as Man Group, FrontPoint Partners, Bank of America Merrill Lynch, Citigroup, and Oppenheimer & Co. Highmore presently manages and advises on assets in excess of $2.7 billion. Highmore’s Trade and Specialty Finance business provides innovative working capital solutions to companies in the SME and middle-market universe.

 

The strategic partnership will support VoloFin’s clients for their working capital requirements and empowering millions of SMEs in the United States and Asian trade corridor.

 

Commenting on the partnership, Mohit Agarwal, Co-founder & CEO of VoloFin, said “We are extremely elated about this partnership. Highmore’s deep expertise in the working capital solutions business and VoloFin’s ability to use technology to create an attractive investment asset will help bridge the gap in SME financing.”

Dipak Jogia, Co-founder and Managing Partner of Highmore said, “The partnership with VoloFin is an organic extension of our mission which is to provide best in class trade finance solutions to SME’s worldwide. We are excited about our partnership with VoloFin which we believe will be mutually beneficial and provide tailored solutions to SME’s to release working capital and fuel their growth.”

About VoloFin Corp
VoloFin is a global fintech company offering invoice financing through the next-gen IT platform built on blockchain fabric. Headquartered in Singapore, VoloFin has offices in Singapore, USA & India. VoloFin’s focus is to support SME companies by providing instant liquidity by unlocking their cash stuck in unpaid invoices through a seamless online platform. VoloFin enables companies to grow their business efficiently without worrying about the credit risk of the buyer.

Media Contact
Name: Vedant Borkar
Email ID: vedant.borkar@volofincorp.com
Registered office: 20 Cecil St, #05-03 Plus, Singapore 049705
Website: www.volofincorp.com

Gain access to collateral-free working capital solution in just 24 hours

Related News Updates

November 11, 2024 India Exim Finserve Partners with VoloFin to Boost SME Exporters read More Gain access to collateral-free working capital solution

November 11, 2024 India Exim Finserve partners with VoloFin to enhance receivables finance solutions for SME exporters read More Gain access to

November 11, 2024 India Exim Finserve Partners With Volofin For SME Trade Finance Solutions read More Gain access to collateral-free working capital

Indian SMEs and their story so far

Indian SMEs and their story so far
JANUARY 11, 2022

Indian SMEs and their story so far

Over the last few years due to the global pandemic, businesses and economies across the world have suffered setbacks, some bounced back stronger than expected while some continue to reel under the pressure of the challenges that COVID 19 brought.

Amongst the various businesses, it’s the SME’s that have been hit the hardest. The traditional challenges that the sector was facing such as lack of credit, lack of support from big financial institutions were aggravated even further due to the sudden shutdown of manufacturing units and the collapse of the supply chain all around the world. According to a Financial Times news report, of the total 1.65 lakh businesses listed for sale, 52,000 came onboard from April 1, 2020. In fact, before Covid, the daily average of businesses listing for sale was 10 that increased to 20 before the second wave, and is currently about to cross 25.

However, thanks to a stronger than expected recovery, SMEs in India have fought with resilience, India’s exports till now (September 2021) are around 185 billion dollars, for the quarter ending in September 2021, the exports surpassed 100 billion dollars for the first time. The government of India has set an ambitious target of 400 billion dollars for total exports.

To achieve these targets, the Government has announced various measures such as an extension of the Remission of Duties and Taxes on Exported Products (RoDTEP) to special economic zones and export-oriented units. In addition to this, the Indian government has also relaxed container re-export rules by granting three extra months.

While these measures are in reaction to the adverse effects of COVID, SME sector has long faced challenges in terms of their ability to raise collateral-free capital. Due to the low-risk appetite of traditional financial institutions, SME’s face a higher rejection rate, and those who manage to be eligible have to go through heaps of paperwork and higher turnaround time to be eligible to receive financing.

All of the above reasons create huge obstacles for Indian SMEs to compete globally and grow at a faster rate. After all, SMEs contribute to around 40 percent of the country’s GDP. Hence, it is safe to say that the economic growth of India is strongly interlinked with the growth of the SME sector.

We at VoloFin are on a mission to revolutionize SME lending by providing small and medium businesses with easy access to working capital without any collateral. We can do this by providing financing against unpaid invoices. With technology being at the center of our business, we can onboard the client quickly, provide up to 90% of invoice financing, record all transactions safely securely on our proprietary next-gen IT platform built on blockchain fabric.

Gain access to collateral-free working capital solution in just 24 hours

Related Blogs

November 11, 2024 India Exim Finserve Partners with VoloFin to Boost SME Exporters read More Gain access to collateral-free working capital solution

November 11, 2024 India Exim Finserve partners with VoloFin to enhance receivables finance solutions for SME exporters read More Gain access to

November 11, 2024 India Exim Finserve Partners With Volofin For SME Trade Finance Solutions read More Gain access to collateral-free working capital