Vayana TradeXchange

What Vayana TradeXchange does

Vayana TradeXchange (VTX) operates an IFSCA-regulated International Trade Financial Services (ITFS) platform at India's GIFT City, functioning as a digital marketplace that connects exporters, importers, and financiers globally for cross-border trade finance. The platform's core technology is a live auction-based dynamic rate discovery mechanism where standardized Trade Financing Units (TFUs) and Reverse Trade Financing Units (RTFUs) are exposed to multiple financiers who bid competitively, enabling transparent price discovery. Supporting infrastructure includes multi-currency processing (USD, GBP, EUR, AUD, CAD, JPY, SGD), SWIFT-based settlement, an integrated KYC/AML/CFT compliance engine with CKYC and LEI verification, bulk invoice upload capabilities, and real-time transaction tracking. Settlement is completed via authenticated SWIFT messages with funds disbursed within T+2 days.

VTX monetizes through two primary streams: (1) transaction fees charged to all participants on an annualized basis against gross invoice value over the financing tenor, and (2) one-time setup fees plus annual renewal fees for platform access. The platform serves three primary user segments—exporters seeking to convert receivables into immediate liquidity, importers seeking extended payment terms, and financiers (banks, NBFCs, alternative lenders) building short-term trade asset portfolios—and operates through a hybrid go-to-market combining self-serve digital onboarding with enterprise field sales supported by dedicated relationship managers. VTX is a wholly owned subsidiary of Vayana Network Services Pvt Ltd, India's largest supply chain finance platform with USD 14+ billion in cumulative disbursements, 300,000+ MSMEs served, and operations across 4 continents. Since commercial launch on June 14, 2023, VTX has facilitated approximately USD 20 million in transactions across roughly 600 deals with 15+ banks and factors active on the platform, spanning 23+ countries and 600+ Indian cities.

Name

Vayana TradeXchange

Legal name

Vayana (IFSC) Pvt Ltd

Website

https://vayanatradexchange.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Vayana TradeXchange operates an IFSCA-regulated ITFS platform at India's GIFT City, running a digital cross-border trade finance marketplace that uses live auctions to connect exporters, importers, and financiers for export factoring, import financing, and reverse factoring across 23+ countries.

Ownership category

akta.pro rank

Product category

Cross-Border Trade Finance Platform

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Equities Trade Execution Platforms (ATS/MTF/ECN) (FSAFANAA)

Keywords

• Cross-border trade finance
• International factoring services
• Export receivables financing
• Import payment financing
• Supply chain finance platform

Headquarters

HQ city

Gandhinagar

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Transaction Fee: Transaction fees charged to all participants on an annualized basis for the gross invoice value for the finance tenor. The fee applies to all financing transactions conducted on the platform.
2. Setup and Renewal Fees: One-time setup fee charged at registration and annual renewal fee charged to all participants (exporters, importers, and financiers) for platform access.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Vayana TradeXchange (VTX) operates a regulated digital marketplace for cross-border trade finance, connecting exporters, importers, and financiers globally through a transparent auction-based bidding mechanism. The platform enables export factoring, import financing, and reverse factoring across seven currencies with SWIFT-based settlement, allowing participants to discover competitive rates and access working capital digitally 24/7.

Product overview

Vayana TradeXchange (VTX) is an IFSCA-regulated ITFS (International Trade Finance Services) platform that operates as India's leading digital marketplace for cross-border trade finance. The platform consists of a core unified platform (Vayana TradeXchange) that connects exporters, importers, and financiers globally through a transparent auction-based mechanism. The product portfolio includes: Export Factoring for converting export receivables into immediate liquidity; Import Financing for preserving working capital on import payables; Reverse Factoring (RTFU) for buyer-led supplier financing programs; and Trade Financing Units (TFU) as the transactional instrument. Supporting sub-products include GST API Platform and E-Invoicing Solution (for GST compliance), and Vayana Good Business Score (for business health assessment). VTX operates as part of the Vayana network, India's largest supply chain finance platform, and enables multi-currency financing in USD, GBP, EUR, AUD, CAD, JPY, and SGD.

Differentiator

Problem solved

Functional benefit

Brands

• Vayana TradeXchange (VTX): International Trade Financing Services (ITFS) platform for cross-border trade finance, regulated by IFSCA at GIFT City.

Products and services

• Vayana TradeXchange (VTX) ITFS Platform IFSCA-regulated digital marketplace at GIFT City connecting exporters, importers, and financiers globally for cross-border trade finance through a transparent auction-based rate discovery mechanism, with multi-currency support across USD, GBP, EUR, AUD, CAD, JPY, and SGD, SWIFT-based settlement, and KYC/AML/CFT compliance handled centrally.
• Export Factoring Post-shipment factoring product for exporters that converts export receivables into immediate liquidity, available with or without recourse and optionally with trade credit insurance protection against buyer default. Target users are Indian and global exporters, particularly MSMEs facing 90-120 day payment cycles.
• Import Financing Short-term financing for import transactions that enables importers to preserve working capital through extended payment terms, supporting open account transactions and financing against collection documents, available in multiple currencies aligned to the invoice.
• Reverse Factoring (RTFU-based Supplier Financing) Buyer-led supply chain financing program where the importer/buyer approves invoices and raises funding requests with financiers, enabling suppliers to receive early payment while buyers extend payment terms. Facilitated via Reverse Trade Financing Units (RTFU).
• Receivables Financing Account receivable financing solution allowing businesses to encash unpaid invoices from factors in return for commission, with up to 100% invoice funding available or discounted 80-90% with off-balance sheet treatment.
• E-Invoicing Solution GST-compliant e-invoicing solution provided via Vayana's GSP (GST Suvidha Provider) platform, including IRN generation, QR code embedding, ERP integration, and seamless GST return filing through connection to GSTN's Invoice Registration Portal.
• GST API Platform Suite of RESTful, JSON-based, stateless GST APIs accessed over HTTPS via MPLS, supporting GSTR filing, GSTIN verification, return status checking, challan management, and ITC/Cash/Liability ledger balance checking, with ERP and accounting system integration capability.
• Vayana Good Business Score Business health rating tool for MSMEs that measures business performance based on transaction data, providing a snapshot of business strengths and areas needing improvement to help companies stand out and achieve growth in supply chain finance contexts.

Quantifiable outcome

• Funds received within T+2 days of bid acceptance
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core and strategic.

• YES BANKcoreGTM or Marketing PartnerPartnership to drive affordable export financing solutions. The collaboration enables VTX platform users to access YES BANK's financial capabilities for export financing, expanding the pool of available financiers for exporters.
• ArqitstrategicTechnology or IntegrationCollaboration to transform trade finance through advanced technology solutions. Arqit provides quantum-safe encryption and secure communication capabilities to enhance VTX platform security and data protection.
• Factors Chain International (FCI)coreStrategic or Co-development PartnerFCI membership enables VTX to connect with global factoring network, access international standards and best practices, and facilitate cross-border trade finance with FCI member organizations worldwide. VTX was the first regulated marketplace to become an FCI member.
• Vayana Network Services Pvt LtdcoreStrategic or Co-development PartnerVTX is a wholly owned subsidiary of Vayana Network Services Pvt Ltd, India's largest supply chain finance platform. Vayana brings extensive experience in trade finance with USD 14+ billion disbursed across 300,000+ MSMEs, 25+ financiers, and operations in 4 continents and 20+ countries.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• komgo: Blockchain-based commodity trade finance platform connecting banks, corporates, and inspection companies. Most direct global comparable: multi-bank, cross-border digital trade finance marketplace serving exporters, importers, and financiers.
• Contour (formerly Voltron): Digital letter-of-credit and trade document network using R3 Corda, built by a consortium of global banks including HSBC, BNP Paribas, and ING. Directly comparable cross-border trade finance marketplace targeting banks and corporates.
• TradeSun: AI-powered trade finance processing and compliance platform serving banks and corporates. Comparable as a digital trade finance infrastructure player focused on cross-border transaction automation.
• LiquidX: Digital trade finance and working capital platform offering receivables discounting, payables finance, and syndicated lending. Overlaps with VTX in factoring, receivables, and multi-bank trade finance intermediation.
• Marco Polo Network: R3 Corda-based open trade finance network backed by major global banks (ING, BNP Paribas, Standard Chartered). Directly competes in cross-border trade finance digitization with a network/marketplace model.

Broad incumbents

• Surecomp: Established provider of trade finance and supply chain finance solutions to banks and corporates globally. Overlaps with VTX on factoring, letters of credit, and digital trade finance workflows across multiple regions.
• Finastra: Large fintech provider of trade finance, lending, and capital markets software to global banks. Offers broader trade finance suite including Fusion Trade Innovation, serving the same financier and corporate customer base as VTX.

Regional players

• RXIL (Receivables Exchange of India): Indian TReDS platform jointly promoted by SIDBI and NSE. Operates the same underlying MSME factoring use case as VTX's domestic book but restricted to domestic Indian B2B invoices under RBI TReDS framework.
• M1xchange: Indian TReDS (Trade Receivables Discounting System) platform operated by Mynd Solutions. Comparable as an India-based invoice discounting/factoring marketplace, but focused on domestic MSME receivables rather than cross-border flows.

Others

• Vayana Network: Parent company of Vayana TradeXchange and India's largest supply chain finance platform. Closely adjacent rather than competitive: Vayana provides the domestic SCF infrastructure, customers, and shared services that VTX extends into cross-border flows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@vayanatradexchange
• LinkedInlinkedin.com/company/vayana-tradexchange
• Xx.com/VayanaTXchange

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vayana TradeXchange