INDRANIL MANDAL

We are a global fintech working on an enterprise SaaS basis enabling large corporates to collect real-time ESG data, shipping documents and other information on their international suppliers and shipments. We digitise trade documents using leading-edge OCR and ML systems. Along with other data that we collect, we generate real-time ESG scores onfactories and deliver efficient trade finance and supply chain finance into the international supply chain at shipment.Our revolutionary worker app collects data continuously directly from workers in factories on pay, conditions, safety and governance. Worker data is used to create a factory social score, and to monitor for issues (forced labour, bad conditions, unsafe practices).; the social score is also used to drive the cost of trade finance into the supply chain so that continuous improvement can be delivered via supplier economics. Companies are ready to spend significant sums right now to evaluate, monitor and manage ESG issues in their supply chains. This is a big and global market, poorly served, very motivated for innovation.There is a massive data gap in the market, as ESG information is typically based on annual surveys and self-certified reports. What is needed is “real-time ESG” data, delivering trusted data that is updated continually worker, factory, product and shipment level. Technology can be used to solve this problem.Barriers to entry are high. Designing and building real-time ESG data collection systems requires significant infrastructure and a lot of know-how. The problem is difficult to solve and no one else seems to be attacking it right now.Significant additional value is created if real-time ESG data can then linked to trade finance; this provides the tools for larger corporates to drive continuous improvement in their ESG performance whilst also allowing large corporate importers to save money immediately. The problem is worth solving and the solution has a number of interesting dimensions.We are experiencing high demand for our services, and we are live with major retailers and brands supporting their international supply chains, getting their suppliers paid at shipment (trade finance) and collecting the real-time ESG data on worker conditions that enables them to drive improvements in social and governance issues deep into their supply chains.We pivoted out of an export trade finance business (a credit and balance sheet business) to a pure SaaS fintech early in 2021 for strategic reasons. We sold our export trade finance client base to competitor in March 2021 in order to focus on our fintech platform.