CashnTech provides a cloud-based platform for supply chain financing that offers collateral-free accounts receivable and accounts payable solutions. By streamlining access to working capital, the platform reduces cash conversion cycles and enhances cash flow management for businesses.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses, particularly those in complex supply chains, struggle with inefficient working capital management due to delayed payments and limited access to financing. This can lead to strained supplier relationships and hinder growth opportunities.
Solution
CashnTech offers a cloud-based supply chain finance platform that streamlines access to working capital for businesses and their suppliers. The platform provides various financing solutions, including payable finance, receivable finance, dealer finance, channel finance, pre-shipment finance, and PO-based finance. By digitizing and automating the financing process, CashnTech enables businesses to optimize their cash flow, reduce cash conversion cycles, and improve relationships with suppliers and buyers. The platform also offers features like dynamic discounting, allowing for flexible payment terms and potential cost savings.
Target Audience
CashnTech primarily targets anchor enterprises, vendors, lenders, distributors, and dealers seeking to optimize their working capital and streamline supply chain financing processes.
Features
- Payable Finance: Enables vendors to obtain early payment of dues from dedicated lenders based on the buyer's credit risk.
- Receivable Finance: Allows anchor enterprises to get their accounts receivables funded by lenders, improving cash flow.
- Dealer Finance: Provides financial aid to anchor enterprises for transactions with dealers, facilitating early payments.
- Channel Finance: Supports distributors by funding invoices drawn out to retailers, ensuring seamless cash flow.
- Dynamic Discounting: Facilitates early payment of dues at a discount, negotiated between anchor and vendor on the platform.
- Pre-shipment Finance: Offers financial aid to vendors before goods shipment, covering pre-shipment expenses.
- PO-Based Finance: Provides financial support to vendors against purchase orders, funding cash flow before transportation of goods.
- Deep-Tier Finance: Extends financial aid to suppliers across all tiers in a supply chain, ensuring working capital needs are met.
- Due Diligence, KYC & Document Repository: Secure platform for due diligence and document management.
- Onboarding Services: Holistic onboarding for anchors, vendors, and lenders.
- Transaction Management Support: Personalized support for funds paid and received.
- User Management: Organized database for all users based on roles and attributes.