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Karnataka Bank Taps CredAble to Launch its First Fully Digital Supply Chain Finance platform
Karnataka Bank has partnered with CredAble to launch a fully digital supply chain finance platform, targeting a doubling of its SCF portfolio this financial year and enabling 40% faster turnaround times and 3x faster supplier onboarding. The platform addresses India's MSME financing gap as trade agreements with the UK, US and EU place Indian suppliers into global value chains.
This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.
The Wire takeaway
If you sell to MSMEs or manage supplier networks in India, your liquidity bottleneck just got a proven buyer: banks are now racing to digitise supply chain finance and will pay to onboard you onto their platforms. That trade agreement momentum is real - global anchors need their Indian suppliers liquid, and the bank that can deliver that wins the anchor relationship.
Read the full story at cxotoday.com →
Topics: Fintech · supply-chain-finance · msme-lending · digital-banking · working-capital · india-trade