Case Study: India’s top spice exporter boosts vendor working capital with Mynd’s TReDS

a spice exporter accelerates vendor payments from 45 days to 7–10 days with Mynd

The customer, a major spice exporter based in India, faced a challenge in providing working capital to its vast network of MSME vendors. These suppliers, often located in tier 3 and tier 4 cities, struggled with high borrowing rates and needed faster access to funds against their invoices, a need that became urgent during the COVID-19 pandemic. The exporter partnered with the vendor, Mynd, to implement an innovative solution that could scale without manual intervention.

Mynd implemented a TReDS platform to enable instant invoice discounting for the exporter's vendors. This solution provided the MSME suppliers with immediate access to working capital at competitive rates, eliminating the lengthy paperwork and 7-10 day wait associated with traditional factoring. The program ensured a prompt supply of raw materials for the exporter and strengthened its entire supply chain.

India’s Top Spice Exporter