India Factoring expands MSME financing capabilities with MonetaGo’s fraud prevention technology

India Factoring and MonetaGo have announced a strategic alliance, whereby India Factoring will deploy MonetaGo’s Secure Financing system to detect invoice financing fraud and authenticate trade documents, reinforcing the integrity of receivables finance.

India Factoring and Finance Solutions Pvt Lts (India Factoring) is an RBI-registered NBFC-Factor and part of the FIMBank Group. It is a market leader in India’s export factoring segment, and provides domestic and export factoring and broader trade-finance solutions to MSMEs, mid and large corporates and exporters. As India’s receivables-finance market accelerates through regulatory reform and digitisation, NBFC-factors like India Factoring play a pivotal role in unlocking working capital and addressing payment delays across supply chains.

India’s Foreign Trade Policy 2023 sets an ambition to reach US$2tn in total exports by 2030, a priority underscored by the Ministry of Commerce and Industry and DGFT leadership. As trade volumes scale to meet this target, robust risk-mitigation frameworks will be essential to protect the ecosystem from fraud losses and sustain confident growth in cross-border flows.

“India Factoring serves as a vital enabler for exporters, MSME, mid and large size organizations, seeking to convert receivables into working capital,” said Ravi Valecha CEO, India Factoring and Finance Solutions Pvt Ltd. “In today’s increasingly digital and interconnected trade environment, the integrity of receivables and the authenticity of documents are crucial. The adoption of MonetaGo’s Secure Financing system represents a decisive step in safeguarding our customers’ financing, reducing risk, and supporting our continued growth across India’s export sector.”

“India’s receivables finance landscape is evolving rapidly”, said Kalyan Basu, Managing Director, India, MonetaGo. “With India Factoring joining our Secure Financing network, we are enabling real-time validation of invoices and trade documents to reduce invoice financing risk, strengthen lender confidence, and empower businesses with safer access to finance.”

MonetaGo’s Secure Financing system is a global benchmark for invoice fraud prevention across trade finance ecosystems. In India, the platform supports real-time checks and validation of Bill of Lading information, including container numbers, strengthening lender confidence and reducing risk. Since the beginning of 2023, MonetaGo’s Secure Financing deployment has led to a 286% increase in MSMEs receiving financing, underscoring the impact of trusted infrastructure on access to credit.

“I am pleased to welcome India Factoring as a direct user of our Secure Financing system,” said Neil Shonhard, CEO of MonetaGo. “This collaboration demonstrates how strategic partnerships between fintech infrastructure providers and NBFC-factors can raise the bar for transparency, mitigate fraud, and unlock additional financing for underserved MSMEs.”

This collaboration will see India Factoring integrate MonetaGo’s Secure Financing system into its operations to enhance document verification and fraud prevention across its factoring

and trade-finance portfolio. The partnership underscores India Factoring’s commitment to building a secure, transparent, and scalable financing environment for businesses and exporters.

About MonetaGo

MonetaGo is the global leader in building Digital Public Infrastructure (DPI) that enhances transparency, trust, and resilience for financial ecosystems. Its DPI solutions provide secure, interoperable platforms that reduce risk, prevent fraud, and enable financiers, institutions, and ecosystems to validate and authenticate critical information in real time. Its flagship offering, Secure Financing, is the world’s first trade finance registry of its kind, designed to prevent fraud related to invoices and other trade documents. By reducing fraud and unlocking liquidity, Secure Financing demonstrates how MonetaGo’s DPI empowers financial institutions to support businesses more confidently, especially SMEs, and drive sustainable economic growth. Since entering production in 2018, MonetaGo’s solutions have prevented tens of billions in losses. The company made history as the first third-party service integrated into Swift’s API-enabled infrastructure, giving Swift members worldwide access to tools that de-risk and digitize trade finance. MonetaGo and its solutions have been recognized with numerous international awards. Please visit www.monetago.com.