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Arvind Rangarajan
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Co-FounderIn The Media
This Mumbai-based finance startup helps link supply chain financing to capital markets
Founded in 2018 by three bankers, finance startup Artfine creates bespoke supply chain financing products for corporates and converts them into tradeable capital market instruments.
It’s no secret that COVID-19 has upended supply chain management systems around the world. Changing consumer preferences, labour disruptions due to mass migrations from cities, and impeded supply chains have added to SMEs and MSMEs’ woes, and the only way for them to get back on their feet is to continue working.
Supply chain financing companies bring in an aspect of cost saving, which could help SMEs/MSMEs if the economy was sound. Pooling in pre-approved loan applications to take to banks or NBFCs does result in lower interest rates and readily available credit lines, but it isn’t enough in the present economic environment.
Mumbai-based Artfine takes a different approach to supply chain financing. Instead of clubbing loans and taking them to NBFCs and banks, the startup converts them into a capital market instrument that allows people to invest in it. These instruments are rated by credit rating agencies and are open to all investors - retail and institutional. Founded by ex-bankers Arvind Rangarajan, Saini Rajgopal and Shantanu Bairagi in late 2018, Artfine, which stands for Accounts Receivables Technology Finance, has helped more than 500 SMEs and MSMEs, and arranged and advised Rs 700 crore as part of its financing portfolio.
