Supply chain-focused non-bank lender Livfin, the NBFC vertical of the SAR Group that created the Luminousbrand of inverters, has launched an invoice-based lending solution to its focus customers.
The new offering, which the Gurgaon-based firm claims to be an industry first, is targeted attravel aggregators, logistics service providers and home electrical service providers, apart from its existing clientele of energy storage, green energy and e-commerce service providers.
Since the launch in March 2018, the NBFC has notched up a loan book of over Rs 325 crore and has raised Rs 45 crore in debt capital and will be raising another round of debt worth Rs 75 crore this fiscal.
"Our invoice-based lending solutions, targeted at travel aggregators, logistics providers and home electrical service providers, in addition to our existing clients in the energy storage, green energy and e-commerce space, is an industry first by a financial intermediary," managing director Rahul Chander, who is an ex-Rabobank, told
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