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Karur Vyasa Bank partnered with Unanu Technologies

Published on February 16, 2022
Current Context: The Karur Vysya Bank has partnered with UNANU Technologies which is based in Chennai.
Karur Vyasa Bank partnered with Unanu Technologies
  • They have partnered for digital freight finance to fund transport contractors.
  • They will use end-to-end logistics technology platform for the purpose of partnership.
  • The UNANU has developed Freight Financing System.
  • They will use the ‘U-Turbo – a marketplace’ module.
  • Using the module, users will be able to onboard logistics companies and shippers to the Freight Financing program.
  • It allows picking up the material from the shipper until it reaches the destination.
  • Also, the tracking of the truck is possible using software and hardware.
  • The invoices can be generated in a seamless manner by capturing the digital freight finance system.
  • Due to these features, the bank will be able to fund and generate mandatory documents that are available in the system.
  • Thus, KVB has become the first bank to launch digital freight financing via the marketplace in the banking domain.
  • Static Part: 
    • HQ of Karur Vysya Bank (KVB): Karur, Tamil Nadu
    • Tagline of KVB: Smart way to bank


Q.1 Which bank partnered with UNANU Technologies for digital freight finance to fund transport contractors?
a. City Union Bank
b. Karur Vysya Bank
c. Lakshmi Vilas Bank
d. Indian Bank

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