{"id":6413,"date":"2021-12-02T13:39:32","date_gmt":"2021-12-02T08:09:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-neml\/"},"modified":"2021-12-02T13:39:32","modified_gmt":"2021-12-02T08:09:32","slug":"biz-neml","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-neml\/","title":{"rendered":"NeML partners with FINCHAIN for trade financing"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1238003377\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 2 (PTI) NCDEX e-Markets Ltd (NeML) on Thursday announced signing of an agreement with FINCHAIN Technologies to provide collateral-free trade finance at competitive rates to participants on its platform.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2662482714\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> As per the agreement, FINCHAIN will make available bill discounting and trade-financing options to buyers and sellers on various NeML online spot delivery-based platforms, the company said in a statement.<\/p>\n<p> Announcing the collaboration, NeML Managing Director and CEO Mrugank Paranjape said NeML records transactions of over Rs 10,000 crore on its various platforms.<\/p>\n<p> &#8220;The tie-up with FINCHAIN while offering one more attractive trade financing option at preferential rates to participants will also bring in greater liquidity resulting in better, robust and transparent price discovery on our e-market platforms,&#8221; he said.<\/p><div class=\"trade-content_5\" id=\"trade-628357665\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> FINCHAIN Technologies Co-founder Joseph Abraham said,  NeML has the largest database of active trade participants in agri-commodities e-markets in the country which are verified and KYC compliant.<\/p>\n<p> &#8220;FINCHAIN is proud to offer a bouquet of collateral-free trade financing options which ensures NeML&#8217;s trade participants get access to easy and hassle-free trade financing options from our Lending Partners ranging between Rs 5 lakh to Rs 10 crore at competitive rates,&#8221; he said.<\/p>\n<p> FINCHAIN with NeML&#8217;s support will also use this opportunity to empower underbanked MSMEs and drive financial literacy and inclusion in the agri-commodity segment across India through various partnerships, he added.<\/p>\n<p> NeML is a 100 per cent subsidiary of commodity bourse NCDEX. FINCHAIN is an emerging Indian fintech engaged in anchor-led supply chain and invoice backed financing programmes. PTI LUX SM  ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-930673542\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 2 (PTI) NCDEX e-Markets Ltd (NeML) on Thursday announced signing of an agreement with FINCHAIN Technologies to provide collateral-free trade finance at competitive rates to participants on its platform. As per the agreement, FINCHAIN will make available bill discounting and trade-financing options to buyers and sellers on various NeML online spot delivery-based [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1698,31],"tags":[],"class_list":["post-6413","post","type-post","status-publish","format-standard","hentry","category-commodities","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NeML partners with FINCHAIN for trade financing - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-neml\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NeML partners with FINCHAIN for trade financing\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 2 (PTI) NCDEX e-Markets Ltd (NeML) on Thursday announced signing of an agreement with FINCHAIN Technologies to provide collateral-free trade finance at competitive rates to participants on its platform. 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