India, March 14 -- Supply chain financing platform Vayana has reportedly received a non-banking finance company (NBFC) licence from the Reserve Bank of India (RBI).

Sources told Economic Times that the Pune-based fintech startup, buoyed by the fresh licence, now plans to raise an additional $20 Mn (INR 173.88 Cr) in funding to fuel its NBFC business. As per the report, existing backer SMBC Asia Rising Fund could lead the round.

While the talks are yet to be finalised with SMBC, Vayana is also said to be scouting a fresh investor to lead the potential fundraise.

"This will be an extension of the previous round, while the first tranche was made last year, the second tranche was on the condition of the NBFC licence coming through. Now tha...