In a significant step towards strengthening financing opportunities for businesses across India, Bank of India (BOI), having more than 5300 branches across the country, has entered into a strategic partnership with M/s Indinvoice Tech Solutions Pvt. Ltd. (Cashinvoice) under its Supply Chain Finance (SCF) offering. This collaboration is aimed at enhancing accessibility to structured financing solutions for corporates, dealers, and suppliers, thereby fostering efficiency and growth in the supply chain ecosystem.
Speaking on the occasion, Mr. Vinayak Shukla, General Manager - MSME, Bank of India, said: “Through this partnership with Cashinvoice, we aim to leverage their digital expertise and market insights to offer seamless financing solutions to corporates and their supply chain partners. This collaboration underscores our commitment to innovation and customer-centricity in the MSME and corporate financing space.”
Commenting on the partnership, Mr. Arun Poojari, MD & CEO, M/s Indinvoice Tech Solutions Pvt. Ltd., said: “We are excited to collaborate with Bank of India under the Supply Chain Finance framework. Our technology-driven sourcing and credit facilitation capabilities are uniquely positioned to complement BOI’s financial strength and wide outreach.
Together, we aim to deliver faster, more efficient, and scalable financing solutions to corporates, dealers, and vendors, thereby bridging the working capital gap across industries.” The strategic synergy of BOI’s financial expertise with Cashinvoice’s digital innovation, the partnership is set to unlock new growth avenues and contribute to the resilience of India’s commercial and industrial ecosystem.