Vineet Aggarwal Joins leadership team of Cashinvoice as Head of

April twentieth, 2024: Cashinvoice, India’s premier digital provide chain finance platform, is happy to announce the appointment of Vineet Aggarwal as Head of Partnerships and Initiatives. In his new function, Vineet will drive strategic collaborations and spearhead initiatives to speed up the corporate’s development.

With over twenty years of expertise working with main banks and worldwide card networks, Vineet possesses a deep understanding of the trade panorama and has a longtime historical past of constructing profitable partnerships and driving strategic initiatives. His in depth background in provide chain finance, industrial playing cards, funds, and money administration, gained by means of key roles at main establishments together with Mastercard, Bank of America, DBS, and HSBC, uniquely positions him to cement Cashinvoice‘s place within the SCF market and discover new avenues for enterprise enlargement.

Arun Poojari, Co-founder and CEO of Cashinvoice, expressed confidence in Vineet‘s capability to guide the corporate in the direction of enhanced partnerships and sustained development. He remarked, “Vineet’s confirmed observe file and trade acumen makes him a useful addition to our team. We imagine his leadership will drive recent initiatives and relationships, strengthening Cashinvoice‘s efficiency within the ecosystem.”

Excited about his new endeavour, Vineet Aggarwal shared his enthusiasm, stating, “I’m delighted to embark on this journey with Cashinvoice and collaborate with its gifted team. My focus shall be on leveraging strategic partnerships and know-how to drive steady development and handle working capital challenges for MSMEs within the provide chain finance phase.”

Vineet’s earlier roles embrace spearheading initiatives at Master Cards, transaction banking sale throughout Bank of America and HSBC.His dedication to innovation and customer-centric options underscores his dedication to advancing the trade.

Founded in 2018, Cashinvoice is on the forefront of provide chain finance in India, specialising in dynamic bill discounting for corporates. Recently, the platform secured $4 million in its Series A funding spherical, with investments from HDFC Bank, Pravega Ventures, and Accion Ventures. Catering to India’s prime 100 corporates and their MSMEs, Cashinvoice delivers tailor-made provide chain financing options. The platform’s know-how integrates with company companions, leveraging validated invoices and danger evaluation algorithms to flexibly value bill reductions. Cashinvoice has achieved a powerful annual development fee of 120% and goals to raise its discounting throughput to Rs. 20,000 Cr by FY24, thereby increasing its MSME base from 3000 to 10,000.