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 ofVineetAggarwalasHeadofPartnershipsandInitiatives. In his new function,Vineetwill drive strategic collaborations and spearheadinitiativesto speed up the corporate’s development.

With over twenty years of expertise working with main banks and worldwide card networks, Vineetpossesses a deep understanding of the trade panorama and has a longtime historical past of constructing profitablepartnershipsand driving strategicinitiatives. 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 cementCashinvoice‘s place within the SCF market and discover new avenues for enterprise enlargement.

Arun Poojari, Co-founder and CEO ofCashinvoice,expressed confidence inVineet‘s capability to guide the corporate in the direction of enhancedpartnershipsand sustained development. He remarked, “Vineet’s confirmed observe file and trade acumen makes him a useful addition to ourteam. We imagine hisleadershipwill drive recent initiatives and relationships, strengtheningCashinvoice‘s efficiency within the ecosystem.”

Excited about his new endeavour,VineetAggarwalshared his enthusiasm, stating, “I’m delighted to embark on this journey withCashinvoiceand collaborate with its giftedteam. My focus shall be on leveraging strategicpartnershipsand know-how to drive steady development and handle working capital challenges for MSMEs within the provide chain finance phase.”

Vineet’s earlier roles embrace spearheadinginitiativesat 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,Cashinvoiceis 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. Cashinvoicehas 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.