From a venture debt fund to a tech-driven monetary solutions firm – the journey of Trifecta Capital

After being a pure-play venture debt fund and running intently with massive and small startups for the beyond 5 years, Trifecta Capital realised startups wished assist in phrases of economic management, deployment, and handling coins flows. There turned into no customised, simple, and complete device to assist those groups manipulate the treasury the manner they desired to.

This led the homegrown mission debt issuer to construct a complete tech platform remaining 12 months to offer startups customised treasury management – advisory, execution of budget, monitoring, and rebalancing; early dealer price systems – payable management, debt structuring for carriers and dealers, running capital financing; and included AR and AP platform – digitised receivables and bills reconciliation.

In the remaining twelve months, Trifecta claims its tech platform has helped more than one groups manipulate their treasury better. According to the mission debt fund, the COVID-19 disaster has additionally increased the want for such answers as groups are suffering to enhance their capital shape and manipulate their price range better.

With lively budget and an investible corpus of about Rs 3,000 crore, Trifecta is now running with over 20 groups and VCs, advising at the efficient deployment of masses of crores of treasury capital.

Trifecta’s listing of portfolio consists of Bigbasket, Vedantu, Rivigo, CarDekho, Cure.Fit, PharmEasy, Urban Ladder, etc.

Explaining how the platform works, Rahul Khanna, Co-founder and Managing Partner, Trifecta Capital, says, “This is like a CFO workbench where you can see your stock of money, flow of money, and decide how to manage it. If you want to provide some early payment incentives to your vendors, you can open the interface and work around those.”

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Rahul adds: “They also have have tools to manage your receivables and you know when which parts of the accounts are going to be in trouble and you should focus your energy on collections. So far, everything is run on excel. What we are trying to do is give you this one-stop-shop to manage your finances from the lens of a CFO.”

Rahul says, “As a diligent investment manager, we do not merely react to crises, but respond to them. In March, amid a mood of general panic and uncertainty, we helped our portfolio with thoughtful frameworks of crisis management and cash flow planning.”

“We could clearly identify companies where additional capital support was required. We then worked to provide this support in partnership with both new and existing equity investors in each business, helping our companies prepare an additional margin of safety,” he adds.

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“We started Trifecta when we saw a credit gap in the market, and we opened a debt fund to deploy credit. As the startup ecosystem evolved, we saw a certain maturity towards debt financing and we realised there was a need to solve larger gaps,” says Rahul.

“We are thus building a technology backbone that will streamline financial management for startup founders and CFOs. This segment has been traditionally underserved by banks / intermediaries, and we are in a unique position to provide transparent, unbiased advice and tools,” says Rahul.