Indian non-banking financial company (NBFC) Vivriti Capital, a specialist financier, has provided INR 400m (US$4.8m) receivables finance solution to Source.One, a polymer procurement tech company.
The solution will help Source.One suppliers to get access to liquidity immediately based on their invoices. At the same time, Source.One will benefit from a finance solution for its suppliers that will not add any additional financial debt on its balance sheet, according to the company statement.