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Vayana

Can a GST-data-native supply chain finance network become the end-to-end trade credit infrastructure layer for India's MSME economy — and replicate that model internationally through its IFSC and digital-assets platforms?

Founded2016
HQPune, Maharashtra, India
IndustryFintech / SMB banking
The story

Founded in 2016 as a supply chain finance network, Vayana initially focused on connecting Indian corporates, their trade ecosystems, and financial institutions to unlock working-capital credit. Over time it expanded from pure invoice discounting into a broader trade credit infrastructure—adding GST data services (as an authorized GSTN GSP), an IFSC cross-border trade exchange (VTX), and AI-driven credit-scoring tools co-developed with CRIF Solutions. The company now positions itself as India's largest third-party trade finance network, embedding finance into enterprise AR/AP workflows and expanding internationally through the VTX and Digital Assets platforms.

Last 12 months
2024-07
2024
2024
Product timeline
2016
Vay Network Services Private Limited incorporated in India (CIN U74999PN2016PTC165017) as a supply chain finance platform.· lending
2019
Awarded Best Supply Chain Solution at the Asset AAA Award in Hong Kong, establishing Vayana as a global SCF player.· lending
2023
Launched Vayana TradeXchange (VTX) under Vayana IFSC Private Ltd for cross-border trade finance.· lending
2024
Launched AI-led working capital solutions, scaling platform to 3,000+ supply chain ecosystems covering 400,000+ enterprises across 600+ cities.· lending
2024
Partnered with CRIF Solutions to launch a business scoring tool (Vayana CRIF Good Business Score) for MSMEs using GST and bank statement data.· lending
2024
Launched Vayana Digital Assets Platform (via Hylobiz Technologies LLC) targeting international digital asset / trade finance use cases.· banking
Regulated entities
GSTN Authorized GSP
India
Vay Network Services Private Limited
IFSC Entity
India (IFSC)
Vayana IFSC Private Ltd.
The stack
Lending
Vendor FinancingDealer FinancingPurchase Invoice Discounting (PID)Sales Invoice DiscountingFactoringReverse FactoringTrade Receivables Securitisation (TRS)Purchase Bill DiscountingSales Bill DiscountingTerm LoanBusiness LoansOverdraft
Accounting gap: none