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India Exim Finserve has partnered with VoloFin to improve receivables finance solutions for Indian SME exporters.

Banking & Finance | Dated: 24 Oct 2024

India Exim Finserve IFSC Private Limited, based in Gandhinagar, Gujarat, is a wholly owned subsidiary of the Export-Import Bank of India (India Exim Bank). It has teamed up with Singapore-based VoloFin Services Private Limited to offer comprehensive receivables financing solutions to Indian exporters.

🎯 Key Highlights:

  • - This collaboration aims to support underserved Small and Medium-sized Enterprises (SMEs) that are crucial for the country's economic growth.
  • - It will also address significant trade finance gaps and facilitate open account trading between India and its trade partners.

💡 Other Important Facts:

  • (i) As part of this initiative, New India Assurance Company Limited, supported by global reinsurer Atradius, has launched a first-of-its-kind trade finance insurance policy from GIFT City, Gujarat.
  • (ii) This strategic collaboration between VoloFin, India Exim Bank, and New India Assurance is set to significantly enhance India's trade ecosystem, especially for SMEs.
  • (iii) Atradius, based in the Netherlands, is a global leader in credit insurance and risk management, operating in over 50 countries.

📚 Test Your Knowledge:

India Exim Finserve recently partnered with which company to improve receivables finance for Indian SME exporters?

Correct Answer: VoloFin

🚀 Quick Recap: