Indian fintech, supply chain finance and working capital provider CredAble, has successfully launched its first commercial paper programme through its NBFC (Non-Banking Financial Company), Equentia Financial Service Private Limited, raising INR 20 crores (US$2.4m). The commercial papers included in the programme, represents unsecured lending instruments issued as a promissory notes and have maturities ranging from seven days to one year from the date of issue.
