CAYESH is a FinTech Solution that connects Suppliers to Buyers and Financial Institutions to facilitate availability, management and mobilization of working capital for supply chain stakeholders through Technology, Know-how and Operations.
For Financial Institutions; CAYESH will be addressing
1) SME outreach issue for banks as most of market suppliers are within the segment and fall within CBE definition for SMEs, thus achieving the CBE 25% mandate,
2) Access to Finance to Very Small, Small and Medium enterprises – in our SCF case VSMEs are the suppliers of large corporates, and
3) Financial Inclusion and getting all payments through the Banking system.
The platform provides various SCF products/solutions including PO Finance, Post-delivery Invoice Finance, and Distributor Finance. However, in the short term, the founding team (details below) opted to launch initially post-deliver invoice financing as the market penetration strategy with lowest risk imposed to backers (Financial Institutions) given limited KYB access in the market.