IBSFINtech Launches InnoTreasury™ for SMEs; Aims to Digitize Treasury Management

IBSFINtech, a leading Indian TreasuryTech company, has launched InnoTreasury™, a SaaS-based treasury management solution tailored for small and medium enterprises (SMEs). This product aims to digitize the forex operations of SMEs, significantly contributing to India's economy. By leveraging cloud services, it offers secure and scalable operational benefits.

Bangalore, Karnataka, India – IBSFINtech, a prominent player in the Indian TreasuryTech space, has ventured into the SME sector with the launch of InnoTreasury™, a SaaS-based treasury management solution. The initiative comes in partnership with one of the country's leading banks, aiming to digitize treasury operations for small and medium enterprises (SMEs).

India, with approximately 75 million registered SMEs contributing over a trillion dollars to the economy, represents a significant market for digital solutions. However, only 30% of these enterprises have adopted digital tools. IBSFINtech's move serves to tap into this underutilized potential.

Mr. C M Grover, Promoter, MD & CEO of IBSFINtech, stated, ''Our goal is to empower SMEs with advanced digital treasury management platforms. As SMEs play an essential role in India's economic framework, we aim to support their growth with our innovative solution.''

(With inputs from agencies.)