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Olea And Vayana Enters Into Partnership In India

Further to the announcement of the Olea and Vayana partnership last year, we are thrilled to have successfully launched a receivables financing program for a large Indian manufacturer and executed the first landmark export financing transaction under the program.The Olea-Vayana partnership aims at financing trade deals worth more than USD 500m in the near future.According to reports, global trade is expected to grow by 70% to USD 29.7 trillion by 2030[1].  Southeast Asia is poised to be one of the biggest beneficiaries of this growth.  The current system and process for financing trade with Southeast Asia will need to become more efficient. New approaches will help with this, such as digitalisation of the complete transaction, providing access to sustainable finance, and visibility to the last mile.

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We hope to keep seeing unpredictability as store network shocks, item costs and geo-political insecurities. In the midst of these, there will be green shoots, and reasonable money arrangements through associations like Olea and Vayana will give a battling opportunity to private companies to flourish in a consistently changing worldwide landscape.This exchange denotes a critical achievement in the Olea – Vayana organization to furnish exporters and shippers in India with problem free, cutthroat, and quick admittance to elective liquidity. The organization has picked up great speed since it started in May 2022, with other product arranged substances during the time spent applying for supporting through this union. The collaborations of the Olea-Vayana organization unite their separately exceptional contributions and adjust center around long haul esteem. Olea brings its broad organizing ability, cutting edge innovation stage and broad admittance to subsidizing around the world. Then again, Vayana is profoundly dug in the Indian environment and can use its cozy associations with corporates and MSMEs in India to give funding arrangements.

Ram Iyer, Founder, and CEO, of Vayana, said, “The Govt. Of India has been working on various policy initiatives to make India an export hub. It has been investing heavily in core and digital infrastructure to help businesses become globally competitive. This will require newer pools of capital to be made accessible at competitive rates for businesses to ride the growth wave.”Letitia Chau, Deputy CEO of Olea said: “Olea is excited about the traction that we have gained in India as a result of our collaboration with Vayana. We can see tangible benefits to our clients and we are motivated to extend this to more SMEs in India.”

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