CredAble, a leading FinTech firm specialising in supply chain finance solutions, partners with GRIP Invest, a well-known name in the financial industry, to create “InvoiceX Bluechip 200+,” a novel securitisation transaction hosted on the GRIP Invest website. This unique securitisation transaction is poised to transform the landscape of short-term supply chain financing while also introducing new asset classes to retail investors.
“InvoiceX Bluechip 200+” is the first credit-rated, RBI-regulated, and diversified version of an invoice discounting debt instrument of its kind, backed by a pool of over 200 invoices raised on highly reputable enterprises as Anchors. This joint effort by CredAble and GRIP Invest intends to meet the liquidity needs of businesses while also providing appealing investment options to diverse types of investors.
CredAble’s technology platform is critical to achieving GRIP Invest’s business objectives. CredAble’s revolutionary technology, along with balance sheet assistance from significant and important NBFC lenders, increases liquidity available for supply chain finance as a FinTech with a captive NBFC. CredAble’s ability to deliver liquidity solutions to corporate clients and their ecosystem is strengthened as a result, producing a win-win situation for all parties.
Manu Prakash, MD and Head – Debt and Capital Markets, India SaaS & FI Coverage at CredAble said, “We at CredAble are realizing our vision of enabling large-scale liquidity programs for enterprise clients by partnering with the entire financial ecosystem, including capital markets. This partnership with GRIP Invest marks a compelling milestone in our journey to unlock working capital for enterprise clients benefiting suppliers, sub-vendors, distributors, dealers, and retailers. Also bringing together a diverse range of investors to participate in a highly rated, short-tenure investment opportunity.”
This collaboration between CredAble and GRIP Invest distinguishes “InvoiceX Bluechip 200+” from other market participants. It is a one-of-a-kind proposal that eliminates the concentration risk associated in typical capital market bonds/papers, making it an appealing investment alternative.
Thrilled to partner with CredAble to launch InvoiceX Bluechip 200+, Nikhil Aggarwal, CEO & Founder at GRIP Capital, said, “The strategic alliance with CredAble represents a significant milestone in our pursuit of encouraging cutting-edge investment solutions. We are delighted to be at the forefront of this revolutionary development in the financial sector and believe that “InvoiceX Bluechip 200+” will provide a win-win situation for all types of investors and businesses in the financial market at large.”
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This collaborative alliance demonstrates CredAble and GRIP Invest’s commitment to businesses seeking rapid and dependable finance options and investors seeking to diversify their investment portfolios. By introducing fundamental changes to the way invoice discounting is done, with an emphasis on offering better services and solutions.
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