In India, there are about 63.4 million MSMEs, which make up about 30% of the GDP and employ more than 100 million people. Over the next five years, the supply chain finance market is expected to grow at a compound annual growth cent (CAGR) of 17.1%.
Supply chain financing is a term for solutions that use technology to lower financing costs and improve business efficiency for both parties in a sales transaction. The buyer can help sellers or vendors by paying 100% of their invoices in advance.