Chennai based fintech startup Vayana raises $4 Mn in series A from IDG Ventures India, Jungle Ventures & Reliance Industries
Chennai. July 17,2017. RedNewswire/–
Vayana (“weaving” in Sanskrit) is the platform where enterprises and consumers connect to each other and to relevant financial institutions to flourish together.
Lead by two founders, one of them a banker and the other a technologist, Vayana quickly realized that financial institutions could not solve the problem and scale the business either with a pure relationship driven model (employed in wealth management or corporate banking) or a technology driven process (used for retail).
Vayana deals into internet Banking Solution,Mobile Banking Solution, Bill Payment Solution, Finance B2B trade, Invoice financing & similar services.
They have also acquired SolutionNet, a company specializing in integrating enterprise systems deployed by corporates into the core processing systems used by FI’s. We also acquired a very powerful suite of tools and products that act as a channel of communication between FI’s and corporates.
Vayana today, boasts of its rich portfolio of to the range of services and products it offer to the SME’s, corporates and FI’s who associate with them. They not only facilitate the commercial part of the process that requires financing, but also provide the tools for paying, collecting and monitoring the financial transactions that a corporate needed to do with help of the FI, offering rich and meaningful tools to retail customers that enable financial services to be much more than account balances and transfers.