Thursday, June 1, 2023

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. 

This transaction marks a key milestone in the Olea – Vayana partnership to provide exporters and importers in India with hassle-free, competitive, and fast access to alternative liquidity.

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.”

The partnership has gained good momentum since it began in May 2022, with other exports-oriented entities in the process of applying for financing through this alliance. The synergies of the Olea-Vayana partnership bring together their individually unique offerings and align focus on long-term value. Olea brings its extensive structuring capability, state-of-the-art technology platform and extensive access to funding globally. On the other hand, Vayana is deeply entrenched in the Indian ecosystem and can leverage its close relationships with corporates and MSMEs in India to provide financing solutions.

Ram Iyer, Founder and CEO, Vayana, said“The Govt. Of India has been working on various policy initiatives to make India an export hub. It has been investing heavily into 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.”