Working capital can be collateral-free, says CashFlo's Ankur Bhageria

'A lot of MSMEs which are suppliers to large companies have working capital challenges', said Ankur Bhageria

Founded in 2017 by Ankur Bhageria and Dushyant Agarwal, CashFlo is an integrated, multi-funder platform for supply-chain financing. It intends to bridge part of the Rs 20-trillion gap in working capital owing to procedural hassles. Founder-Chief Executive Officer Ankur Bhageria spoke to Raghu Mohan. Edited excerpts:

Is there case to revisit the way working capital is offered, especially for micro, small and medium enterprises (MSMEs)?

A lot of MSMEs which are suppliers to large companies have working capital challenges. Banks have always been a little conservative, especially towards MSMEs — though on the corporate banking side it is a different story. There