Leading digital supply chain financing firm, CashInvoice has announced the appointment of Govind Sankaranarayanan, founding CFO and COO at Tata Capital to their Board of Directors, as it pursues its goal of becoming a world-class digital Supply Chain Finance business. Govind Sankaranarayanan, is a highly regarded financial services leader, who was the CFO at global Internet giant Tata Communications and spent a decade establishing financial services powerhouse Tata Capital.
Speaking of his association with Cashinvoice, Govind Sankaranarayanan said, “I look forward to joining the board of Cashinvoice, which is founded by my former colleagues at Tata Capital. Digital supply chain finance, by streamlining working capital, helps cut costs for companies and drives growth for mid and small-sized vendors and dealers. Cashinvoice is well placed to transform this space through its deep understanding of finance and digital technology.
Arun Poojari, Co-Founder and CEO of Cashinvoice, commented, “We are very excited to welcome Govind on our board. His extensive Board level experience and track record of helping new businesses on their growth journey will be invaluable for Cashinvoice.”
CashInvoice comes under the ambit of the government’s Startup India initiative. The platform grew 12 fold in FY 20-21 and is currently a fast-emerging solutions provider in the invoice discounting and dealer finance space. Sankaranarayanan’s appointment reflects the organization's growth ambitions.
An alumnus of London Business School, IIM Bangalore, and BITS Pilani, Sankaranarayanan has been a Board Director at leading organizations such as Tata Capital Housing Finance, Tata Teleservices Maharashtra, Tata Motors Drivelines, VSNL International, etc. He is a board member of IndiaLends, Credright, and ECube Investment Advisors, among others.
Cashinvoice is a digital supply chain finance marketplace that offers dynamic invoice discounting to some of India’s leading corporates. The supply chain financing platform enables comprehensive payable and receivable management solutions that digitize the way businesses pay and get paid. Launched in 2018, Cashinvoice optimises working cashflows efficiently through digitalisation of invoices and leveraging supply chain finance to incentivize payables and receivables.