B2B trade finance player Vayana Network to raise $15-M from PayU, IFC: report

Mumbai-based supply chain finance provider Vayana Network is raising USD 15 million (INR 114 crore) from PayU and International Finance Corporation (IFC). The funding is a continuation of the Series C round that Vayana Network had raised in November last year. Post fund infusion, IFC will hold 5.37%, and PayU, 4.7% in Vayana Network. Vayana Network is a B2B trade financial intermediary, which connects SMEs and corporates with financial institutions for low-cost access to trade loans. In November, it raised USD 38 million in a Series C round from Chiratae Ventures, CDC Group, and Jungle Ventures.