Loading organizations...
§ Private Profile · A / 2003 STELLAR, AMFORGE COMPOUND LBS MARG, BHANDUP - WEST, Mumbai City, MUMBAI, Maharashtra, India, 400078
Digital invoice marketplace that unlocks trapped cash in supply chains for MSMEs and small businesses, focused on financing.
Cashinvoice has raised $4.0M across 2 funding rounds.
Key people at Cashinvoice.
Cashinvoice has raised $4.0M in total across 2 funding rounds.
Based in Mumbai, India, Cashinvoice operates a digital invoice marketplace that provides supply chain finance solutions and AI-based risk assessment to unlock trapped cash for small businesses. The financial technology platform facilitates early payments, purchase order financing, and buyer financing by seamlessly connecting large corporate buyers, suppliers, and institutional lenders. Since its initial launch, the enterprise has successfully processed over one million commercial invoices and disbursed more than INR 4,000 crores in financing to a growing user base of over 3,500 micro, small, and medium enterprises. Cashinvoice has raised $1 million in pre-Series A equity funding from lead investor Accion Venture Lab, while its board of directors includes notable industry figures such as Rahil Rangwala and Govind Sankaranarayanan. The financial technology company was founded in 2019 by co-founders Arun Poojari, Shrinivas Kasar, and Joicy Chakola.
Cashinvoice has raised $4.0M in total across 2 funding rounds.
Cashinvoice's investors include Accion Venture Lab, HDFC Bank, Pravega Ventures.
Cashinvoice has raised $4.0M across 2 funding rounds. Most recently, it raised $3.0M Series A in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2024 | $3M Series A | — | Accion Venture LAB, HDFC Bank, Pravega Ventures | Announced |
| Oct 1, 2021 | $1M Seed | — | Accion Venture LAB | Announced |
Cashinvoice is a digital supply chain finance platform that helps small and medium-sized businesses unlock working capital trapped in their supply chains by digitizing invoice-to-cash processes. The company offers a technology-first platform that connects buyers, suppliers, and financiers, enabling faster access to funds through invoice financing and early payment solutions. It primarily serves SMEs and mid-market companies, helping them improve cash flow, reduce payment cycles, and accelerate growth without relying solely on traditional banking channels.
The platform has gained traction in India’s fast-evolving fintech ecosystem, recently raising a $3.4 million Series A round from institutional investors including Pravega Ventures and HDFC. With a focus on financial inclusion and supply chain digitization, Cashinvoice is positioned at the intersection of embedded finance and B2B fintech, serving as a working capital enabler for businesses across distribution and retail value chains.
---
Cashinvoice was founded in India by Arun Poojari (CEO) and his co-founder, who identified a persistent pain point: small businesses and suppliers often face long payment cycles from larger buyers, creating severe cash flow constraints. Despite being operationally sound, many SMEs struggle to access timely and affordable credit due to limited collateral or banking relationships.
The idea for Cashinvoice emerged from this gap — to build a digital platform that could connect all stakeholders in a supply chain (buyers, suppliers, and financiers) and automate the financing of invoices. By digitizing the invoice-to-cash lifecycle, the founders aimed to make working capital more accessible, predictable, and efficient for smaller players. Early traction came from partnerships with distributors, dealers, and retailers, validating the need for a modern, tech-driven supply chain finance solution in India’s fragmented yet high-volume markets.
---
---
Cashinvoice operates at the convergence of three powerful trends: the digitization of SMEs, the rise of embedded finance, and the growing demand for alternative working capital solutions in emerging markets. As Indian businesses increasingly adopt digital invoicing, GST-compliant billing, and e-commerce platforms, there’s a natural shift toward structured, data-rich supply chains — exactly the kind of environment where platforms like Cashinvoice can thrive.
The timing is particularly favorable. Traditional banks remain cautious in lending to SMEs, while fintechs are stepping in to fill the gap with data-driven underwriting. Cashinvoice leverages transactional data from invoices and buyer-supplier relationships to de-risk lending, aligning with the broader movement toward cash flow-based lending rather than collateral-based lending.
Moreover, as large corporates and e-commerce platforms look to strengthen their supply chains, they are increasingly open to partnering with fintechs that can improve supplier liquidity. Cashinvoice is well-positioned to become a critical layer in this ecosystem — not just as a lender, but as an infrastructure layer that enables healthier, more resilient supply chains across sectors like retail, distribution, and manufacturing.
---
Looking ahead, Cashinvoice is likely to deepen its footprint in India’s distribution and retail supply chains while expanding into adjacent verticals such as manufacturing and logistics. The next phase will probably involve scaling its financier network, enhancing its risk engine with more sophisticated analytics, and potentially expanding into cross-border supply chain finance as Indian exporters and importers seek better working capital solutions.
The company may also explore product extensions such as dynamic discounting, inventory financing, and integration with public credit infrastructures (like India’s Account Aggregator framework), further embedding itself into the financial plumbing of SMEs. If successful, Cashinvoice could evolve from a supply chain finance platform into a broader B2B fintech operating system for working capital.
In a world where the resilience of supply chains is increasingly tied to access to capital, Cashinvoice’s mission — to unlock trapped working capital and accelerate business growth — is more relevant than ever. As SME digitization accelerates and embedded finance becomes the norm, companies like Cashinvoice won’t just support the ecosystem — they’ll help define its future.
Key people at Cashinvoice.
