25 Apr ABP and Vayana Networks, India’s largest 3rd party digital supply chain financing platform, form strategic alliance in ASEAN.
ASEAN Business Partners (ABP), a leading market entry specialist firm in ASEAN, and Vayana Networks (Vayana), India’s largest 3rd party digital supply chain financing platform – has announced a strategic alliance at ABP’s Singapore office. The partnership aims at providing a comprehensive solution to companies in ASEAN to help them optimise supply chain finance. The platform will also enable banks and finance companies looking to grow their SME portfolio profitably, at the same time manage the risks on the portfolio more effectively.
ABP will be the exclusive licensed partner of Vayana in Indonesia, Philippines, and Vietnam. The firm will continue to look for opportunities to expand the digital platform in other parts of ASEAN and work jointly with Vayana to develop and offer meaningful products including cross border trade finance to customers in ASEAN.
Speaking on the occasion, Ram Iyer, Founder & Chief Executive Officer of Vayana shared “We are extremely pleased and honored to have ASEAN Business Partners as our partner as we expand into the South East Asia markets. The partnership between the leading Enterprise Supply Chain Finance platform in India and the leading professional services firm in ASEAN is bound to create synergy to better value add to companies that are looking to optimise their supply chain finance digitally, lower financing costs, create next level experience for their dealers and/or vendors.”
“We are glad to be working with Vayana as their ASEAN partner. Vayana has developed a fabulous product and proposition which their clients are delighted with, as evidenced by their leadership position as standalone supply chain finance platform in India. We are delighted to expand their services into ASEAN so that SME focused banks and forward-looking companies in ASEAN will have the benefit of this outstanding product,” said Sumit Dutta, Founder & CEO of ASEAN Business Partners.
ABP, which offer a range of bespoke services for new and existing businesses in the ASEAN region, sees the partnership with Vayana as a pivotal move to better equip banks and companies in Indonesia, Vietnam, Philippines (and soon other parts of ASEAN) with cost effective digital platform that provide efficient supply chain finance solution.
About Vayana Networks:
Vayana Network is India’s leading Supply Chain Financing platform. Our network digitally connects Corporates and their supply chains with partner Banks and Financial Institutions (FIs) to enable easy, digital and convenient access to fair-price short-term credit. We digitize trade, make it economical for lenders to widen coverage of the supply chain and dramatically increase credit utilization. Our Network rollout provides end-to-end services from marketing the program, to onboarding, scaling utilization, and monitoring the portfolio health.
Vayana has enabled over $6 Billion in Trade Financing, processed 1.7 million+ transactions across 25 industries with zero defaults on any of our programs so far. Some of the largest players across Automotives, Pharmaceuticals, FMCG and OMC sectors are part of the network. The network today covers 1,100+ pin codes in over 350 cities in India and extends to over 20 countries with a direct presence in the US and Singapore, where we offer specialized cross border services. For further details https://vayana.com
About ASEAN Business Partners:
ASEAN Business Partners is an independent, market entry specialist that helps internationally oriented companies manage and grow their operations in ASEAN sustainably and profitably.
We help customers to choose the right country to invest in ASEAN, the right business partners to engage with and we help them identify the right strategy for them to succeed in their chosen market. Additionally, with the help of our strong local teams on the ground in ASEAN, we help them to execute and deliver the strategy successfully and profitably, avoiding the common pitfalls which multi-national companies face in emerging markets.
We are located in different countries in ASEAN as well as in the West including US, Canada, UK, and UAE. Our executives have worked as CEOs, CFOs and in other senior positions in top multi-national companies.
We are passionate about ASEAN, the highest growth market in the world, and we believe it will be the market of choice for forward-looking international companies of the future. For further details, visit www.bizasean.com
Contacts:
ASEAN Business partners:
Vikash Bengani, Chief Operating Officer
Vayana Networks:
Vinod Parmer, Head of Marketing