Get payment for your shipment at sight of shipping documents.
If you are a MSME exporter with orders from overseas buyers, we pay you at shipment though your buyer pays later. Provide your order copy and trading history with your buyer and get paid upto 90% of invoice value at shipment.
Learn more
Why wait for upto 120 days post shipment?
Setup a credit facility with Canopi and get paid against shipment.
The credit facility for MSME exporter is Without Recourse; our lender partners take the full risk of non-payment from the overseas buyer. The rates are linked to Libor and depends on the quality of your overseas buyer.
You can get upto 90% of shipment value paid at sight of shipping documents. This reduces your risk of currency fluctuation and hedging cost which can potentially be upto 5-7% of shipment value.
ECGC provides a range of insurance covers to exporters against the risk of non-payment from buyers. You can save on the ECGC premium costs since the insurance for transaction is taken by our lending partner.
Maintain all documents, transactions and statements for your overseas trade in a consolidated platform. The platform is managed and maintained by us round the clock.
Based on your order details, you will receive pricing terms from our lending partners. You can review them and accept the terms that suit you best. You will be required to submit KYC and sign additional agreements for initiating buyer verification.
More info Step 2Upon receipt of your documents and completing our verification, our lender partner will disburse upto 90% of shipment value through proper banking channels.
More info Step 3On due date, after your buyer has completed the payment, we will credit the balance payment due to you after deducting our fees and charges agreed upon previously.
More info Step 4You can register with Canopi by providing your email address and contact number at https://marketplace.canopi.in. Registration is completely free with no obligations. You will receive a password at your registered email address.
Initially you are required to submit your order copy and trading history. After the initial verification is successful, you will need to submit your KYC and commercial documents related to the trade.
The interest rate will be dependent on the quality of your buyer. Broadly, the interest rate will vary between 300 to 500 basis points above the Libor rates. Submit your basic details and get exact pricing details.
There is no upfront charges. The charges are collected only from the proceeds when your buyer makes a payment.
Our credit facility is Without Recourse to you as our lending partner assumes the risk of non-payment from your buyer. However, non-payment from your buyer may affect your future transactions with the buyer.