VoloFin

Bridging Borders: How VoloFin Empowered an SME FMCG Exporter from India​

May 4, 2024

Bridging Borders: How VoloFin Empowered an SME FMCG Exporter from India

In the dynamic world of international trade, small and medium-sized enterprises (SMEs) often face significant hurdles in securing financing,  especially when dealing with buyers across borders. Such was the case for an Indian exporter of Fast-Moving Consumer Goods (FMCG), eyeing the Dutch  market. Traditional banks, constrained by conventional lending criteria and limited information on the overseas buyer, couldn’t provide the necessary support despite the exporter’s regular orders.

 

Enter VoloFin, a Singapore-based fintech and factoring entity, pioneering innovative solutions for SMEs. Leveraging its extensive network of API providers, VoloFin navigated the complexities of cross-border trade finance, swiftly obtaining crucial credit information on the Dutch buyer. Armed with insights, VoloFin extended a capacity of over a few million USD to the Indian exporter, unlocking growth opportunities previously hindered by financial constraints.

 

VoloFin’s transformative role in facilitating this transaction underscores the pivotal role of fintech in democratizing access to finance for SMEs, transcending traditional banking limitations. By harnessing technology and fostering strategic partnerships, VoloFin exemplifies how fintech innovation can empower businesses to seize global opportunities, transcending geographical barriers and unlocking untapped potential in the ever-evolving landscape of international trade.

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

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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

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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

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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

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May 25, 2024 Fintech Watch | Exclusive Interview with Roshan Shah, Co-Founder & CEO of VoloFin read More Gain access to collateral-free

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