AltGraaf was formerly called as Jiraaf. They do provide good invoice discounting deals from various good brands. But, Comparatively their yields are 1 or 2% lesser than their competitors in the invoice discounting space. While a same buyer or seller discounting the invoice in different platform, I did mostly get 1 or 2% extra yield than AltGraaf platform.

Arzoo Deal Delay

The Arzoo Invoice Discounting deal was delayed on the AltGraaf platform. The platform is in touch with the stakeholders. The deal is expected to be settled by December 20, 2023, with additional interest. On December 20, investors received a mail that Arzooo will be paying 25% of the principal now and the remaining principal and interest will be paid later. On December 26, investors received a mail that 14.4% of the outstanding amount will be paid by January 12, 2024. By this, 35.8% of the principal is distributed. On January 12, 2024, they mentioned that they couldn’t release the payment as expected due to various issues between Arzooo and the bank. They also mentioned that they couldn’t give any timeline as of now and they will be doing the legal proceeding. On 9th Feb 2024, They mentioned that the Arzoo got $3mn from existing investors. So, They are distributing more cash now to Altgraaf. As the process Altgraaf distributed 10.4% immediately to the existing investors. and 6.2% will be distributed by Friday of next week. After these repayments, the investors would have received 37.4% of the principal amount Only the people who invested on first tranche got 37.4% and people who invested in last tranche got only 10.4% till Oct 4th 2024. Now, AltGraaf have filed criminal case against Arzoo Case Type: Criminal Case Registration number: 60693 / 2024 CNR number: KABC0C0381562024 Case stage: Summons Court: Addl. Chief Metropolitan Magistrates, Mayo Hall, Bengaluru We will keep you posted if investors get any update from the AltGraaf later.