India, August 21, 2024: VoloFin, an industry-first platform catalyzing SMEs growth, announces successfully onboarding 100+ customers. The one-of-its-kind platform is growing exponentially, registering an impressive ~40% M-O-M growth. Such milestones in the company’s growth journey highlight its commitment to bridging the trade finance gap in India and supporting small businesses.
A true innovator and differentiator, VoloFin is a multi-lender platform providing end-to-end solutions for both banks and borrowers. It is making concerted efforts to offer robust solutions designed to alleviate the working capital woes of exporters. Its advanced underwriting capabilities enable the platform to assess and underwrite buyers globally, ensuring that exporters can confidently engage in international trade without fearing default. This global reach and assurance significantly enhance the business prospects for Indian exporters, enabling them to expand their market reach and secure more lucrative deals.
Mr. Roshan Shah, Co-Founder and CEO, VoloFin, said, “When we analyzed market gaps, we realized that exporters in India face significant challenges in securing working capital, which is critical for maintaining and growing their businesses. Traditional banks often fall short of providing timely and adequate support, leaving exporters in a financial bind. This lack of support can lead to delayed shipments, loss of international clients, and stunted business growth, severely impacting the competitiveness of Indian exporters on the global stage.”
He further adds, “With VoloFin’s innovative solutions, Indian exporters can overcome their working capital woes, ensuring sustained growth and enhanced competitiveness in the global market. Our platform provides collateral-free, non-recourse funding, ensuring exporters can access the necessary capital without pledging their assets. Small and medium-sized enterprises (SMEs) that may lack substantial collateral benefit significantly from our platform and innovative services. We hope to continue supporting millions of them and being a part of their growth trajectory.”
One of VoloFin’s core USPs is its ability to provide quick financing solutions within 24 hours, ensuring that exporters can meet urgent shipment deadlines and capitalize on business opportunities without delay. Additionally, the platform protects suppliers against buyer non-payment risk, a critical concern for exporters dealing with international clients. This protection helps build trust and reliability in business transactions, allowing exporters to focus on growth rather than risk management.
Ever since VoloFin’s inception in 2020, it has played a pivotal role in driving small businesses’ expansion to tier-2 cities by providing accessible and flexible financing options. The company is aiming for rapid growth, envisioning facilitating easy access to capital and emerging as the most reliable, trusted, and largest fintech platform for borrowers and banks along the way.