Singapore-based fintech company VoloFin has secured a $50 million funding line from an undisclosed top-five U.S. bank. This funding marks a significant milestone for the supply chain financing firm, as it aims to expand its reach and provide better access to trade finance for Indian exporters. With plans to scale the funding limit to $150 million over the next two to three years, VoloFin is set to strengthen its position as a key enabler for Small and Medium Enterprises (SMEs) in global trade. 

The company plans to channel the funding toward supporting Indian exporters and SMEs by leveraging cutting-edge financial technology to deliver innovative lending solutions and streamline supply chain management. SMEs often face challenges in accessing trade finance due to limited resources and credit barriers, and VoloFin’s offerings aim to bridge this critical gap. 

“This is a significant milestone in our growth story, and we will continue to deepen our propositions for underserved SMEs. We are committed to leveraging this funding to bolster our capabilities and bridge the trade finance gap for the exporters, who are the backbone of the economy,” said Roshan Shah, co-founder and CEO of VoloFin. 
In recent years, VoloFin has been steadily growing its global footprint. Apart from its base in Singapore, the company has established a presence in the United States and has partnered with prominent lenders worldwide, including India Exim Bank. 

This development comes at a time when the Indian fintech ecosystem is experiencing a resurgence. According to data from market intelligence platform Tracxn, the sector recorded 66 percent year-on-year growth in funding during the third quarter of 2024 (Q3 CY24), reaching $778 million. This is a significant increase compared to $471 million in the same quarter of 2023. On a quarter-on-quarter basis, the sector’s funding more than doubled from $293 million in Q2 CY24, signaling growing investor confidence in the space.