Emerald Finance and Baya PTE Join Forces: Powering India’s SMEs with Lightning-Fast Bill Discounting

Emerald Finance Ltd has announced a strategic alliance with Singapore-based Baya PTE Limited to expand its SME bill discounting business in India. The alliance will offer better liquidity solutions to small and medium-sized enterprises (SMEs) to enable them to access working capital in a hassle-free manner.

 

With this collaboration, Baya PTE Limited, under its Indian subsidiary Baya Finserve Technologies Pvt Ltd, will assist Emerald Finance in offering bill discounting facilities. The scheme will likely make it convenient for SMEs to manage cash flows without financial burdens and ease business growth.

 

Emerald Finance Ltd, with its cutting-edge financial products, has been striving to expand its footprint in the SME space. The firm's Earned Wage Access (EWA) program has already picked up steam, and this new partnership is well positioned to extend its financial inclusion drive.

 

Observing the growth, Sanjay Aggarwal, Managing Director of Emerald Finance Ltd, said, "This partnership with Baya PTE Limited is an important milestone towards our vision of empowering SMEs with cost-effective financial solutions. Building on Baya's capabilities and resources, we aim to increase access to liquidity and promote sustainable business growth."

 

Proceeds from the recent preferential allotment of Emerald Finance, where Baya PTE Limited was a part, will be used strategically to expand operations, strengthen technology-enabled lending platforms, and construct capital structures.

 

Through this partnership, Emerald Finance Ltd will be positioned to become a market leader in India's SME finance industry, giving businesses the financial freedom to succeed.

 

Source: Konexio