Vayana: Supply chain finance startup Vayana bags NBFC licence, set to raise $20 million

Pune-based supply chain finance startup Vayana has received a non-banking finance company (NBFC) licence from the Reserve Bank of India, two people in the know said.

Jupiter and Cred are the other fintech startups which have received a lending licence from the central bank.

While Amica Financial, the parent entity of Jupiter, got a fresh NBFC licence in April 2023, Cred, founder Kunal Shah, acquired Parfait Finance, another NBFC, in 2021 to start the lending business.

ET had reported in 2023 that Uni Card and One Card, two well-funded fintech startups,…