Our dynamic discounting solution enables suppliers to access liquidity at competitive rates by giving cash discounts on approved invoices. This helps our clients increase returns and helps their suppliers in a risk free, automated and large-scale manner.
Since its inception in 2014, Priority Vendor has pursued technological advancements for unlocking working capital across supply chain, having processed over INR 1,00,000 crore worth of invoices.
Leveraging industry-leading advancements in machine learning and artificial intelligence, Priority Vendor provides a completely digital solution for corporates to improve their margins through higher savings and for suppliers to unlock working capital ahead of the due payment cycle.
With our robust technology platform driven by machine learning and AI, enterprises now have a convenient and intuitive solution to decide when to pay or receive payments. Priority Vendor helps in strengthening the existing supply chain relationships by providing an option of early payment to the supplier, funded through the corporate treasury or through our banking partners.
Several renowned brands have come to rely on our technology, including ITC, Marico, Dabur, TVS, Jubilant FoodWorks, Britannia, Apollo Tyres, Titan, and Berger Paints. With our Corporate Office in New Delhi, we enjoy a pan-India presence with offices in Mumbai, Bangalore, and Chennai.
We are powered by state of art ML engine to maximise volume of early payment on our platform and generate higher benefits for our partners.
After analysing a host of disparate data like transaction history, currency exchange rate, crude prices and more, our AI-led algorithm comes up with dynamic discounting rates and maximises the probability of success of each transaction.
By deploying blockchain-based ledger, we offer complete transparency, fraud prevention, and instant reconciliation in the entire order-to-payment cycle.
Our solution allows corporates and suppliers to utilize the power of smart contracts to automate payments and derive business insights from rich end-to-end data of supply chain transactions.
A graduate of Harvard College, Kunal is an established entrepreneur who is spearheading the growth and expansion of Priority Vendor. His previous entrepreneurial venture, Brattle Foods, was successfully acquired by Future Supply Chains Ltd. Driven to play a bigger role in the Indian economy, Kunal is enabling optimum financial health and discipline of India’s supply chains, with a prime focus on technology and scalability.
With an illustrious career that has spanned over two decades, Nipun has been associated with the Fortune 500 Companies and the fastest growing start-ups. An alumnus of IIM Bangalore, Nipun is utilizing his expertise in finance, digital, supply chain management and execution to spearhead the operations of Priority Vendor and create opportunities for economic growth of the MSMEs and higher savings for the corporates.
Lightspeed Venture Partners is an American venture capital firm focusing on early stage investments in the enterprise technology and consumer space. To date, the firm has backed more than 300 companies including Snapchat, AppDynamics , Brocade, Informatica, Oyo Rooms and Byju's.
Catamaran Ventures founded by Mr. Narayana Murthy invests in venture capital, private equity, public markets and joint ventures with global multinationals.They have backed some upcoming Indian brands like Paper Boat, Acko and Healthspring
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