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Fintech startup for SMEs Rupifi raises US$1 million in venture debt and equity

Fintech startup for SMEs Rupifi raises US$1 million in venture debt and equity

3 October 2021
| By Invoice Bazaar

Rupifi, a Bangalore-based fintech startup for SMEs, has raised US$1 million in a mix of equity and venture debt from Alteria Capital and technologist Gokul Rajaram, who is currently a board member of Coinbase ad Pinterest board. The newly-raised funds will be used to scale its ‘Buy Now, Pay Flexibly’ product, which is targeted at SMEs transacting on B2B marketplaces. Rupifi’s instant, flexible and no-EMI credit product is used online by small businesses to purchase inventory and other goods essential for their business operations.

World Trade Board launches plan to empower SMEs through trade and finance

BY ZAWYA

15/11/23

MSMEs make up around 90% of businesses globally, but accounted for just 23% of applications for trade finance in 2020. Despite their low representation, these smaller firms made up 40% of rejected trade finance applications. This mismatch between demand for and supply of trade financing known as the trade finance gap, is growing rapidly - from an estimated $1.5 trillion in 2018 to $2 trillion in 2022, and shows no signs of slowing.

Trade Finance: An Expanding Opportunity For Institutional Investors

BY Cambridge Associates LLC

08/11/23

Trade finance offers a differentiated combination of credit and duration risks, liquidity profile that can complement other portfolio allocations in fixed income and increase diversification. Discussions in the broader ecosystem of trade finance have consistently pointed towards a greater role for institutional investors to provide trade credit through specialized funds, which is expected to expand greatly in the coming years.

Triterras’ e-commerce financing accelerates growth of platform operators & their MSME clients

BY Triterras

01/11/23

With Triterras' E-commerce Receivables Financing solution for the platform's MSME clients, operators and aggregators can now promote a critical solution to a key business challenge that their clients face, create and retain their loyalty, allow clients to increase their spending on platform promotions to boost ranking and staying ahead of competitors.

Trade-finance data needs a centralized repository

BY Euromoney

25/10/23

“A centralized trade-data repository with standardized data formats, has the potential to offer significant benefits to funders, while investing in training programs for skilled professionals will be essential for making improvements in this area,” says Srinivas Koneru, Triterras' Chairman & Chief Executive, speaking to Euromoney. "The trade-finance industry should focus on collaborations to overcome the current limitations of trade-data analysis."

Empowering E-Commerce Microlending: Navigating Opportunities & Challenges

BY Triterras

18/10/23

The rise in online shopping and digital transactions are driving demand for e-commerce and microlending services. Srinivas Koneru, our Triterras' Chairman and CEO discusses with Asia Business Outlook on what it takes to meet the evolving needs of today's consumers.

Trade financing gap is restricting growth and negatively impacting SDGs

BY CNBC TV18

11/10/23

In CNBC-TV18's interview with Steven Beck, Head of Trade Finance at Asian Development Bank (ADB), a primary reason for the trade financing gap getting larger is inflation. The global economy is expected to grow at less than 3% and international trade volumes are also expected to fall to less than 1% after a decent growth last year.

The case for a more transparent & liquid market for Trade Finance assets

BY J.P. Morgan

04/10/23

Increased regulation and growth in world trade is sparking a need for trade financing, and there is growing interest in transferring risk from banks to non-traditional sources of capital, such as investment funds with substantial capital and liquidity.

Triterras announces the appointment of Vinay Kapoor to Executive Vice President

BY Triterras

03/10/23

“Triterras is on an exciting and pivotal journey as we endeavor to deliver on our promise to meet the growing demands for financial and business services in the Middle East. Vinay, an extremely well-respected and trusted industry leader with great stature in the business community, will be a great complement to our Leadership team.” said Srinivas Koneru, Chairman & CEO.

New hires to serve growing pipeline of funding opportunities

BY Triterras

27/09/23

Reporting to the Head of Distribution & Sales Strategy, the new hires will engage with institutional investors who are interested in deploying capital for cross-border trade finance opportunities. This comes on the back of Triterras' expansion of its lending portfolio in both emerging and developed markets.

Private Capital Investors in Trade Finance: An Asset Manager’s Perspective

BY TXF

27/09/23

Private capital within trade finance activity comes from a diverse range of participants. Given the widening global trade finance gap, trade finance has increasingly been attracting private capital across the credit spectrum and a range of participation formats. However, there are several factors which have hampered its development as a mainstream subset of private credit.

The transaction banking revolution has only just begun

BY Euromoney

20/09/23

Congratulations to our Triterras’ Chief Commercial Officer (CCO) Ashish Srivastava, who was interviewed and quoted in the article “The Transaction Banking Revolution has Only Just Begun” by Euromoney. Ashish was featured along with C-Suite Executives from Citi, HSBC, Deutsche Bank and Standard Chartered Bank, among others.

Global Trade Finance Gap Expands to $2.5 Trillion in 2022

BY Asian Development Bank

13/09/23

Global Trade Finance gap, the difference between requests and approvals for financing to support imports and exports, grew to a record $2.5 trillion in 2022 from $1.7 trillion two years earlier, as rising interest rates, flagging economic prospects, inflation, and geopolitical volatility reduced the capacity of banks to deliver trade financing, according to the 2023 Trade Finance Gaps, Growth and Jobs Survey released today by the Asian Development Bank (ADB).

How blockchain-based facilities can close the $2tn global trade finance gap

BY Trade Finance Global

06/09/23

Measured at $1.7 trillion in 2020 and surpassing $2 trillion today, the trade finance gap hinders SMEs who tend to be the most credit-constrained, with half their trade finance requests as compared with only 7% for MNCs. 68% of SME companies surveyed did not seek alternatives after being rejected.

The Impact of COVID-19 on Trade Finance: A Retrospective Analysis

BY Triterras

30/08/23

The COVID-19 pandemic caused significant disruptions to trade finance, challenging its traditional processes and resilience. Despite the initial setbacks, the industry demonstrated remarkable adaptability by embracing digital solutions and collaborating with governments and institutions.

Innovating Trade Finance for MSMEs

BY Triterras

21/08/23

Ashish Srivastava, our Triterras' CCO and Rudy Shoushany, Founder of DxTalks, discuss how Triterras is solving the problems for the world's Micro, Small & Medium Enterprises (MSMEs), and the way Blockchain is playing a role in Trade Finance by helping to reduce risk associated with global trade in reconciling the divergent needs of exporters and importers.

The Future of FinTech: The Technological Revolution in Trade Finance

BY Triterras

16/08/23

Trade Finance has archaically been dependent on manual, paper-intensive processes, rendering it laborious and susceptible to errors, precipitated numerous challenges, encompassing a lack of transparency, processing delays, and restricted accessibility. FinTech is assuming a crucial role in modernizing Trade Finance by ushering in groundbreaking solutions that streamline processes, mitigate risks, and augment efficiency.

The Rising Influence of Non-Bank Financial Institutions in today’s market

BY Triterras

09/08/23

NBFIs, such as fintech companies, credit unions, and insurance firms, are challenging traditional banks by offering innovative financial services that are often more efficient, cost-effective, and customer-centric. They are leveraging technology to provide services like peer-to-peer lending, mobile payments, and robo-advising, which were once the exclusive domain of traditional banks.

Impact of Changing Interest Rate Expectations in US & Europe on TF Flows

BY Triterras

02/08/23

Trade finance, the financial instruments and products that enable international trade, are significantly influenced by interest rate expectations. As global trade powerhouses, the US and Europe's interest rate changes can ripple across worldwide trade finance flows.

Trade finance volumes robust as growth slows

BY Euromoney

26/07/23

Do trade providers expect growth or slowdown in global trade? Predictions that global trade will stagnate for the remainder of this year due to factors such as financial vulnerabilities and inflation. Ashish Srivastava, our Triterras' CCO tells Euromoney, "Global increase in trade finance lending interest rates in MSME segment has curtailed demand as certain marginally profitable business models do not support borrowing at higher rates”.

Financial market volatility complicates funding environment

BY Treasury Today Group

19/07/23

Trade finance is always a topic where the gap continues to widen and as much as companies are doing their best to close the gaps, there continues to always be the next hurdle. In this Treasury Today Group article, Mr. Srinivas Koneru, our Triterras' Chairman & CEO, refers to the trade finance market as cyclical, but adds that stricter capital requirements have reduced the amount of funding banks can make available for trade finance over the last 5 years.

Fintech startup for SMEs Rupifi raises US$1 million in venture debt and equity

Related Articles

World Trade Board launches plan to empower SMEs through trade and finance

Trade Finance: An Expanding Opportunity For Institutional Investors

Triterras’ e-commerce financing accelerates growth of platform operators & their MSME clients

Trade-finance data needs a centralized repository

Empowering E-Commerce Microlending: Navigating Opportunities & Challenges

Trade financing gap is restricting growth and negatively impacting SDGs

The case for a more transparent & liquid market for Trade Finance assets

Triterras announces the appointment of Vinay Kapoor to Executive Vice President

New hires to serve growing pipeline of funding opportunities

Private Capital Investors in Trade Finance: An Asset Manager’s Perspective

The transaction banking revolution has only just begun

Global Trade Finance Gap Expands to $2.5 Trillion in 2022

How blockchain-based facilities can close the $2tn global trade finance gap

The Impact of COVID-19 on Trade Finance: A Retrospective Analysis

Innovating Trade Finance for MSMEs

The Future of FinTech: The Technological Revolution in Trade Finance

The Rising Influence of Non-Bank Financial Institutions in today’s market

Impact of Changing Interest Rate Expectations in US & Europe on TF Flows

Trade finance volumes robust as growth slows

Financial market volatility complicates funding environment

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