In a groundbreaking transfer set to revolutionize the Indian Fintech business, Xtracap, a IIFL portfolio firm proudly publicizes the launch of E-Invoice Enabled Instant Disbursements, marking a major milestone in Supply Chain monetary know-how innovation.
For the primary time within the Indian Fintech sector, Xtracap has unveiled a cutting-edge know-how that may scan E-invoice knowledge, do real-time validation, and allow lightning-fast disbursements for anchors. The provide chain companions of the on-boarded anchors can profit from this seamless expertise. This pioneering development is poised to raise course of effectivity throughout the Supply-Chain Finance Ecosystem, a sector that Xtracap Fintech passionately serves.
Xtracap CEO Mr. Riaz Mohammed mentioned, “At Xtracap, we are committed to spearheading technological innovations that proactively address future challenges. While the adoption of E-Invoicing is still in its infancy across Indian industries, we have already implemented E-Invoice-based financing following a successful test run.“
This newest fintech innovation is anticipated to catalyze a transformative shift within the operational dynamics of the supply-chain finance ecosystem in India.
Ms. Mehekka Oberoi, Fund Manager at IIFL Fintech Fund mentioned, “We are thrilled by this new initiative of our investee company Xtracap Fintech, the near instant disbursement for a credit product will re-imagine the delivery of working capital credit to MSMEs, with just in time finance, MSMEs can create a better bargaining position and improve their profitability.”
Xtracaps E-Invoice Enabled Instant Disbursements signify a watershed second within the Indian Fintech panorama, underlining the companys unwavering dedication to pioneering innovation and driving optimistic change. This UPI like expertise for MSMEs could democratize and remodel the way in which receivable are financed in provide chain finance.
