In a significant move to strengthen financing options for businesses across India, Bank of India (BOI), with over 5,300 branches nationwide, has entered into a strategic partnership with M/s Indinvoice Tech Solutions Pvt. Ltd. (Cashinvoice) as part of its Supply Chain Finance (SCF) initiative. The collaboration is designed to improve access to structured financing solutions for corporates, dealers and suppliers, thereby enhancing efficiency and growth within the supply chain ecosystem.

Speaking at the event, Mr Vinayak Shukla, General Manager – MSME, Bank of India, said, “Through this partnership with Cashinvoice, we aim to leverage their digital expertise and market insights to offer seamless financing solutions to corporates and their supply chain partners. This collaboration underlines our commitment to innovation and customer-centricity in the MSME and corporate financing space.”

Mr Arun Poojari, MD & CEO, M/s Indinvoice Tech Solutions Pvt. Ltd., added, “We are excited to collaborate with Bank of India under the Supply Chain Finance framework. Our technology-driven sourcing and credit facilitation capabilities are uniquely positioned to complement BOI’s financial strength and wide outreach. Together, we aim to deliver faster, more efficient and scalable financing solutions to corporates, dealers and vendors, thereby bridging the working capital gap across industries.”

By combining BOI’s financial expertise with Cashinvoice’s digital innovation, this partnership is set to unlock new growth avenues and bolster the resilience of India’s commercial and industrial sectors.