Supply-chain finance platform, Vayana TradeXchange (VTX) announced the commencement of its operations at GIFT IFSC in GIFT City, after securing licence from the International Financial Services Centre Authority (IFSCA). The company is targeting trade financing volume exceeding $7.5 billion over the next 24
months. Earlier this month, Bengaluru-based KredX announced the commencement of its commercial operations of export financing from GIFT IFSC.
VTX is a member of Factoring Chain International (FCI), the largest global representative body for over 400 factors across 91 countries. It looks to position itself as a key player in the origination and distribution of trade assets, facilitating end-to-end digital financing.

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