For many small businesses in India, waiting weeks for a loan approval can mean missed orders, stalled production, or lost customers.
To change this, Bank of India (BOI) has launched ‘BOI Trade Easy’ in partnership with Cashinvoice, a supply chain finance technology provider.
The new platform aims to disburse ₹1,000 crore in working capital loans in next 4-6 months, benefitting more than 2 lakh MSMEs across India. With BOI Trade Easy, MSMEs can secure loans in as little as 30 minutes—compared to the traditional 15-30 days. The solution uses digitised credit assessment and fully automated onboarding, making access to finance faster, transparent, and seamless.
"Access to timely and structured financing has remained a critical challenge for many Indian MSMEs for years. As part of our broader strategy to support efficient credit delivery and enhance the overall customer experience, we have continued to explore innovative digital solutions that simplify lending and reduce operational bottlenecks, said Ashok Kumar Pathak, CGM at Bank of India. “Our new platform is a key step in this direction”, he further adds.
Commenting on the announcement, Arun Poojari, Co-founder & CEO, Cashinvoice, said - "Our partnership with Bank of India represents a key shift in how credit flows in the Indian economy - enabling us to unlock working capital for MSMEs who have been underserved by conventional banking. At Cashinvoice, we believe that every invoice tells a story of a business activity, and our AI-driven platform transforms that story into instant access to capital. Together with BOI, we're building the financial infrastructure that will power India's next wave of MSME growth."
At the heart of ‘BOI Trade Easy’ is a Digital Credit Engine, which automates onboarding, performs real-time risk scoring, and ensures compliance with regulatory standards. Seamlessly connected to BOI’s core banking platform and extensive 5,000+ branch network, the solution offers a hybrid digital-physical experience: MSMEs can initiate applications online while accessing localized support, making financing accessible even in tier-2 and tier-3 markets.
Cashinvoice is enabling the bank to digitize the entire Supply Chain Finance (SCF) journey through its proprietary technology stack, which has successfully processed over ₹30,000 crore in transactions since 2018.
India’s 63 million MSMEs employ more than 110 million people and generate close to a third of national output. Yet the sector faces a credit gap of over ₹20 lakh crore. Long approval cycles and limited access to working capital continue to constrain growth—making solutions like BOI Trade Easy both timely and necessary.
By combining Bank of India’s nationwide reach with Cashinvoice’s technology, BOI Trade Easy is designed to narrow the MSME credit gap, strengthen supply chains, and fuel inclusive growth—ensuring access to finance is not a bottleneck, but a bridge to growth.