As pioneers in the invoice discounting business in India aimed at providing working capital financing to SMEs, the founders of Finworks360 realized that lag in timely provision of working capital financing to MSME is one of the biggest factors which inhibits its growth. The need of the hour demanded collaboration of the conventional way of doing the Invoice discounting with the latest technology.

The method known as “invoice discounting” allow companies to utilize their accounts receivable to get financing for pressing needs. For the services or products delivered, small and medium-sized businesses send bills to large companies (blue-chip enterprises). To avoid the delay, they brought their receipts to their preferred payment platforms for invoice discounting services, which were converted into funds.

Northern Light Ventures Pvt. Ltd. (NLVPL) is taking the financial technology sector by storm with its innovative online receivables Fintech platform, Finworks360.

Since its inception in September 2019, NLVPL recognized the critical need for timely working capital access for micro, small, and medium enterprises (MSMEs), often hindering their growth potential. To address this challenge, NLVPL combined finance and technology to create Finworks360, a groundbreaking platform that provides investment and collection solutions for MSMEs seeking working capital.

In a strategic move set to fortify its position in the financial industry, Finworks360 proudly announces the induction of two distinguished financial veterans to its Advisory Board. The appointment of Sunil Behari Mathur (Former chairman of LIC ) and Pratip Chaudhuri (Former chairman SBI ) signifies a momentous step for Finworks360, as it harnesses the wealth of expertise and strategic insight that these seasoned professionals bring to the table.