India, Sept. 22 -- For millions of MSMEs, access to timely working capital remains one of the constraints to growth. While supply chain finance has evolved over the years, many financing models still rely on anchor-led programmes, where a large corporate buyer enables financing for its suppliers. For thousands of MSMEs that operate independently or sell to multiple buyers, this dependency often becomes the reason they struggle to access timely working capital.

Anchorless invoice discounting refers to financing against eligible invoices without dependence on a pre-approved corporate anchor. At its core, invoice discounting allows businesses to unlock liquidity tied up in receivables. Instead of waiting 30, 60, or even 90 days for payments...