Startup to Scaleup | VoloFin, a startup aiming to revolutionise SME finance landscape

Small and medium enterprises have play a crucial roles in driving India’s economic growth. However, they face various hurdles, including limited access to trade finance.

Mumbai-based fintech startup VoloFin has stepped into this space to address this gap. With its tech-enabled platform, VoloFin offers hassle-free and collateral-free trade finance solutions tailored specifically for SMEs, aiming to empower them.

In the latest episode of Start up to Scale up, Roshan Shah, the Co-founder and CEO of VoloFin, provided an in-depth look into the fintech platform's pioneering efforts in revolutionising SME finance.

VoloFin's Journey

Shah shed light on VoloFin's journey, tracing its roots to an observation made during his tenure at a global risk advisory firm. Recognising the glaring gap in trade finance accessibility for SMEs, Shah and his co-founder embarked on a mission to empower these enterprises with hassle-free and collateral-free financial solutions.

Central to VoloFin's operational model is its specialisation in supply chain financing and factoring. Shah elaborated on how VoloFin swiftly converts SMEs' receivables into cash, providing much-needed liquidity to fuel their business growth. The platform's tech-enabled approach streamlines processes, mitigating risks associated with traditional financing methods.

Volofin's future expansion plans

When questioned about VoloFin's scale of operations and expansion plans, Shah revealed the platform's impressive track record. Since its inception in 2020, VoloFin has factored over $125 million in invoices, boasting a team of 45 spread across three geographies. Shah emphasised VoloFin's commitment to deepening its presence in existing markets while exploring geographical expansion and diversifying product offerings.

Addressing concerns about profitability and fundraising, Shah expressed confidence in VoloFin's trajectory towards profitability within a year. While fundraising remains under consideration, the focus remains on sustaining organic growth and profitability.

Reflecting on VoloFin's journey, Shah acknowledged the challenges encountered but highlighted the platform's robust team, strong tech infrastructure, and client-centric approach as pivotal in overcoming obstacles.

In conclusion, Shah offered valuable advice to aspiring entrepreneurs venturing into the fintech domain, emphasizing the importance of maintaining a long-term perspective aligned with evolving client needs.

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