Hyderabad: Recordent Pvt Ltd, India’s leading credit and collections management software platform, signs MoU with the International Federation of Electric Vehicle Association (iFEVA), India’s nonprofit organization dedicated to fostering the growth and development of the electric vehicle (EV) sector. Through this strategic alliance, Recordent is committed to extending its cutting-edge credit, collections, and recovery solutions to iFEVA member businesses, marking a pivotal moment in the evolution of the electric vehicle industry.
The collaboration aims to establish an ecosystem of creditworthy sellers and buyers within the EV sector, empowering businesses to focus on their overall growth trajectory. This partnership underscores Recordent’Recordent’sg dedication to supporting and enhancing the electric vehicle industry in India, aligning with its mission to drive innovation and progress in the financial technology landscape.
The Recordent team, in collaboration with iFEVA, recently convened a panel discussion at New Delhi on the “Anticipate the challenges and opportunities for SMEs in the EV sector in the upcoming 2-3 years”. The event featured a thought-provoking panel discussion from esteemed panellists, including industry leaders from DNA Technology, EY-Parthenon, Sampoorna EV, Zaviks Energy, and LUB. The session delved into critical aspects of the financial challenges confronting businesses within the sector, offering invaluable insights on overcoming these obstacles seamlessly. The panel session was followed by an insightful presentation on “Champions Growth with Calculated Risk and Improved Collections” by Mr. Winny Patro.
Speaking on the signup, Mr Winny Patro, CEO and Co-Founder of Recordent, said, “We are thrilled to collaborate with the International Federation of Electric Vehicle Association in our shared mission to revolutionize credit management for EV businesses in the country. This partnership underscores our commitment to providing innovative solutions to streamline cash flow challenges faced by businesses, ultimately contributing to their financial success.”
Dr S.”. Saroj, Chairman of iFEVA, echoed Mr Patro’s senator, remarking, “Our collaboration with Recordent marks a significant milestone in our journey to support member companies. By leveraging their expertise in credit and collections management, we aim to simplify financial processes, enhance efficiency and empower businesses within the association. Together, we aspire to create a more resilient financial ecosystem for our member businesses.”
Following” the MoU, strategic leadership appointments were made, Mr. Winny Patro as President, Payment Recovery and Mr. Anurag Jain as Vice President, Payment Recovery. These appointments aim to bolster involvement in Collections, Recovery, and Credit Risk Management, advancing credit management within the iFEVA network.
About Recordent:
Recordent is a technology platform helping businesses improve collections by credit profiling their customers with payment data and reducing risk by providing insights into customers’ payment history. The company is closely working with 50+ SME industry associations and plans to continue establishing meaningful partnerships to add value to the association members in their credit management practices by improving collections and reducing credit risk. Along with FSDA India, Recordent has recently engaged in a tie-up with the Bombay Industries Association and Taloja Industries. In November 2021, Recordent raised $400,000 in angel funding from the Family Office of Kantamaneni & IIM Calcutta Innovation Park and other angel investors from India and the US.
