actyv.ai partners with Axis Bank to offer Supply Chain Finance solutions for MSMEs

• actyv.ai’s prominent alliance in the banking industry 
• This partnership will offer digitally enabled Supply Chain Financing solutions to MSMEs
• Corporate Anchors can now leverage actyv.ai’s technology stack, onboard their distributors and dealers to avail Axis Bank’s digitally enabled Supply Chain Financing solutions.

Bengaluru, November 30^th 2022:  actyv.ai, an AI-powered Enterprise SaaS platform, today announced its partnership with Axis Bank, India’s third largest private sector bank to offer the Bank’s Supply Chain Finance solutions to MSME customers.  This partnership will enable corporate anchors, downstream dealers and trading partners to avail the Bank’s Supply Chain Finance solutions.

“Small and medium enterprises in India often face challenges in accessing sustainable credit. We at actvy.ai, in partnership with Axis Bank aim to leverage our technology prowess to reach MSME customers. We are certain that our digital platform, access to technology tools and affordable credit will help drive growth for this segment,” said Raghu Subramanian, Founder and Global CEO, actyv.ai.

Digital transformation is at the centre of the supply chain ecosystem, with a clear focus on enabling technology, data-driven decision-making and enhanced customer experience. This collaboration between actyv.ai and Axis Bank will help in streamlining the financial needs of MSMEs and their traders.

Speaking on the partnership, Sumit Bali, Group Executive, Head of Retail Lending and Payments, Axis Bank said, “We firmly believe that the MSME sector will play an integral role in driving the country’s economic growth towards becoming a five trillion economy over the next few years. Our partnership with actyv.ai is yet another step in providing credit solutions to a wider base of MSME and contribute to growth in their businesses.’’

About actyv.ai

actyv.ai is an AI-powered enterprise SaaS platform with embedded B2B Buy Now Pay Later (BNPL) and insurance, transforming the global B2B supply chain by making business transactions faster and easier. Through its partnerships with financial institutions, actyv.ai enables enterprises, suppliers, distributors and retailers to grow. actyv Go, actyv Score, actyv PayLater, actyv Insure, actyv Invest and actyv Discover are the various product categories on the platform.

About Axis Bank

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 4,760 domestic branches (including extension counters) and 16,043 ATMs across the country as on 30th September 2022, the network of Axis Bank spreads across 2,676 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge and Axis Bank Foundation