NAKAD offers a proprietary MicroBill platform that tokenizes invoices to enable invoice discounting and unlock working capital for credit-starved micro, small and medium enterprises. The company has partnered with multiple anchors, their supplier base, banks and NBFCs to deliver a seamless supply-chain financing solution. NAKAD says its MicroBill infrastructure can unlock roughly $30B of capital for MSMEs. Founded in January 2022, the team includes alumni of IIM Ahmedabad, IIT Bombay and IIT Guwahati and former leaders from BCG, HUL, Oracle and Samsung. The startup plans to use new funding to aggressively hire, build a world-class product suite, and scale operations across India. The company recently closed a Seed round to support these growth plans.

Total raised

$7M

Funding rounds

1

Latest round

Seed

Latest activity

May 2022