Cashinvoice has appointed Avinash Pandey as the Director of Client Coverage to be part of their leadership team effectively from June 2023 onwards.
Before joining Cashinvoice, a digital platform specialising in supply chain finance, Avinash was associated with HDFC Bank as Vice President for over a year. He brings more than 17 years of experience in consistently delivering outstanding results while navigating the complexities of the financial sector. In the past, he also held key positions at renowned financial institutions like IndusInd Bank, Tata Capital, Kotak, and ICICI Bank. Moreover, as a corporate banker, Avinash established exemplary leadership abilities for driving organisational growth and success.
Welcoming Avinash to Cashinvoice’s leadership team, Arun Poojari, Co-founder and CEO of Cashinvoice, stated, "We are thrilled to welcome Avinash Pandey to our team. His impressive track record and profound understanding of corporate banking and supply chain financing will play a crucial role in driving our growth strategy. We believe that his expertise in the banking and trade finance industry will be invaluable as Cashinvoice enters its next phase of growth, aiming to increase its yearly discounting throughput by 3x in the current fiscal year."
In his new role, Avinash will focus on strengthening client relationships, expanding Cashinvoice's market presence, and spearheading the development and implementation of innovative financing solutions.
As he enthusiastically shared, "I am thrilled to be part of the Cashinvoice team, where innovative technology solutions are simplifying the digitisation of supply chain finance. I look forward to leveraging my experience and delivering exceptional value to our clients while driving the organisation's growth to achieve the company's vision of transforming the supply chain financing market."
During his previous role as a Team Lead in the Mid Corporate division at IndusInd Bank, Avinash showcased his expertise in developing customised financial solutions for corporate clients.
He also gained significant experience at Tata Capital, where he honed his skills in supply chain financing and played a pivotal role in enhancing the company's trade finance operations.
Meanwhile, the Cashinvoice platform is experiencing significant growth and has formed strategic alliances with major corporations like Patanjali Foods, offering timely and affordable working capital to their extensive dealer network. Additionally, they have partnered with prominent non-banking financial companies (NBFCs) such as Cholamandalam Finance and Hero Fincorp to swiftly penetrate supply chain finance programs, providing liquidity to vendor ecosystems and credit to small businesses in India. Cashinvoice now boasts a broad network of over 30 financiers, 100 corporate purchasers and sellers, and more than 30,000 registered MSMEs on its platform. The digital platform has witnessed a remarkable year-on-year growth rate of 120%.