Cashinvoice, a digital supply chain finance platform, has collaborated with Hero Fincorp to provide financing solutions to a pool of micro, small, and medium-sized enterprises (MSMEs). The aim of the collaboration is to cater the supply chain finance offerings and address the issue of liquidity for MSMEs. Hero Fincorp's strong Capital base and Chashinvoice technological expertise combined together will help them to penetrate into supply chain finance programs. It will also provide liquidity to vendors and credit to small businesses.  Chashinvoice is engaged in providing customized supply chain financing solutions with the help of its digital marketplace for invoice discount to suppliers and buyers of medium and larger organizations.

Chashinvoice has experienced growth of 103 %in Q3FY23 compared to the same period previous year. The Company is aiming to bridge the credit gap of 20-25 lakh crores.  Economics Times reported, Arun Poojari, CEO and Co-founder Cashinvoice said in a statement, "We are constantly looking for ways to enhance the flow of credit within the business ecosystem to ensure an undisturbed supply chain among various stakeholders. Access to timely MSME funding, complex regulatory procedures, and insufficient financial knowledge are some of the daunting obstacles faced by MSMEs in India.

Understanding these challenges and streamlining MSME business financing in India is important to achieve India's goal of becoming a global economic power. We are thrilled to have Hero FinCorp, India's leading NBFC, on board to act as financial aid on our journey to create solutions to solve the working capital gap in India.

Through this association, we aim at facilitating INR 10,000 Crores of MSMES purchases in FY24." The collaboration with Hero Fincorp will provide  financial inclusion in the economy and is expected to break the conventional norms extending the lending business to tier 2 and tier 3 cities. During the first year of partnership, the aim is to disburse Rs.1000 crore. https://unlistedzone.com/shares/hero-fincorp-limited-share-price-buy-sell-unlisted-shares-of-hero-fincorp/