IFC, PayU invest Rs 114 cr in Vayana Network to boost trade credit to MSMEs

Vayana Network, India’s largest trade finance network, said that it has raised a further Rs 114 crore as part of its Series C funding from International Finance Corporation (IFC) and PayU, the Payments and Fintech business of Prosus. Vayana plans to use the funds to build products focused on helping MSMEs better manage their working capital and become credit ready.

Vayana Network as part of its Series C round had already raised Rs 283 crore from new and existing investors, including Marshall Wace, March Capital, Chiratae Ventures, CDC group, Jungle Ventures, and well-established family offices in India and abroad.

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