1800-103-7261 
hello@myndfin.com
Need of Vendor Finance
Vendors often face critical challenges like delayed payments, working capital shortages, and limited access to affordable credit. Cash flow gaps caused by extended buyer payment cycles and tight supplier deadlines disrupt operations and inventory management. High operational and logistic costs further strain finances, while unpredictable market demands hinder growth. Vendor finance fills these gaps, providing liquidity to manage cash flows, ensure timely supplier payments, and sustain operations, making it a vital solution for supply chain efficiency.
Empowering Vendors with Mynd Fintech’s Smart Financing
At Mynd Fintech, our Vendor Finance solutions provide timely working capital to suppliers, ensuring they can deliver goods and services on time. We address financial gaps in supply chain operations, improving liquidity, productivity, and trust. Our solutions help businesses strengthen vendor relationships, fostering seamless supply chains and supporting consistent business growth.
Features:
Unsecured Line of Credit Facility offered to Vendors having good track record with well performing Corporates
Loan agreement signed between the Vendor and Financier
Enables qualifying Vendors to discount confirmed invoices
Technology integration with Corporates’ ERP OR use of Mynd Portal for seamless flow of invoice information across the Corporate, Vendor, Mynd and the Lender
How it Works
01
One Time Credit Limit Set-up
- Limit amount and period finalized basis risk assessment of Anchor Corporate and Vendors
- Digital on-boarding of Anchor and Vendors
02
Digital flow of Anchor confirmed invoices
- Integration with Anchor’s ERP for online invoice flow
- System for uploading digitally signed POs, if ERP integration is unavailable
03
Online Disbursement
- Authenticated POs are funded within 24 hours
- Disbursement done in Vendor’s designated Bank account
- Limits revised post each disbursement
04
Online Repayment before due date
- Flexibility for Anchor to pay Lender anytime prior to due date
- NACH presented on the due date for payment from Anchor to the Lender
- Limits get replenished after every payment
Benefits of Vendor Finance
Access to new and profitable lending opportunities with little or no investment
Funding of a confirmed end-purpose
Digital and standardized underwriting process
Highly automated and hence scalable model
Access to early liquidity against goods and services provided to Anchor
Interest cost savings
Off-balance sheet funding
Healthier Supply Chain
Additional lever to negotiate down procurement prices
Vendor Stickiness
FAQs Frequently Asked Questions
Invoice discounting is the practice of using company’s unpaid invoices to raise working capital & fulfil its financial needs. Financial institutions including Banks and NBFCs provide discounting services for businesses.
We offer Vendor Finance to all Vendors having a proven track with a well performing Anchor corporate and registered as Proprietorship, Partnership, Private Limited, Limited Liability Partnership and Public Limited Companies.
The financing disbursement is done by the Lender to the designated Bank account of the Vendor within 24 hours, as per the process agreed.
Repayment is made by the Anchor Corporate to the respective Lender anytime before the end of the credit period. The credit period for each invoice ranges between 30 to 120 days, as per terms agreed with the Anchor corporate. The interest is charged only for the actual period for which credit was used.
Using auto debit facility via NACH.
There is usually no additional collateral required, as our Lending Partners fund a business on the basis of their relationship with the Anchor corporate and the cash flows due within that cycle. However, in some case lenders may request for collateral based on their assessment of the risks involved