On 4 March, India Factoring and MonetaGo announced a strategic partnership to strengthen the integrity of receivables finance in India’s growing trade ecosystem. India Factoring will use MonetaGo’s Secure Financing system to detect invoice financing fraud and authenticate trade documents, reinforcing trust and transparency across its financing portfolio.

Ravi Valecha, CEO, India Factoring and Finance Solutions Pvt Ltd, said, “India Factoring serves as a vital enabler for exporters, MSME, mid and large size organisations, seeking to convert receivables into working capital. In today’s increasingly digital and interconnected trade environment, the integrity of receivables and the authenticity of documents are crucial. The adoption of MonetaGo’s Secure Financing system represents a decisive step in safeguarding our customers’ financing, reducing risk, and supporting our continued growth across India’s export sector.”

Strengthening receivables finance in India

India Factoring and Finance Solutions Pvt Ltd, an RBI-registered NBFC-Factor and part of the FIMBank Group, is a leading player in India’s export factoring market. The company provides domestic and export factoring, along with broader trade finance solutions, to MSMEs, mid-sized and large corporates, and exporters. 

Regulatory reforms and digitisation are rapidly advancing the receivables finance market. 

NBFC-factors such as India Factoring are essential for unlocking working capital and resolving payment delays in supply chains.

Also, India’s Foreign Trade Policy 2023 has an ambitious target of reaching US$2 trillion in total exports by 2030. It is a priority reinforced by the Ministry of Commerce and Industry and the Directorate General of Foreign Trade (DGFT). 

As trade volumes increase to meet this goal, robust risk mitigation frameworks will be vital to protect the ecosystem from fraud losses and sustain confidence in cross-border trade flows.

Real-time validation enhances lender confidence

Kalyan Basu, Managing Director for India at MonetaGo, emphasised that, “India’s receivables finance landscape is evolving rapidly. With India Factoring joining our Secure Financing network, we are enabling real-time validation of invoices and trade documents to reduce invoice financing risk, strengthen lender confidence, and empower businesses with safer access to finance.” 

MonetaGo’s Secure Financing system is recognised globally as a benchmark for invoice fraud prevention within trade finance ecosystems. 

In India, the platform allows lenders to verify Bill of Lading details in real time, including container numbers. This helps build lender confidence and lowers the risk they face.

Since early 2023, Secure Financing has resulted in a 286% increase in MSMEs accessing funds, highlighting the importance of trusted infrastructure in expanding credit availability.

Neil Shonhard, CEO of MonetaGo, welcomed India Factoring as a direct user of the Secure Financing system. He said, “This collaboration demonstrates how strategic partnerships between fintech infrastructure providers and NBFC-factors can raise the bar for transparency, mitigate fraud, and unlock additional financing for underserved MSMEs.”

With this partnership, India Factoring will integrate MonetaGo’s Secure Financing system into its operational framework. It will enhance document verification and fraud prevention across its factoring and trade finance portfolio.

The partnership shows India Factoring’s commitment to fostering a secure, transparent, and scalable financing environment for businesses and exporters.