"Five products related to MSME lending tested as part of the third cohort under the regulatory sandbox by the Reserve Bank of India (RBI) have been found viable for adoption by regulated entities subject to compliance with applicable regulatory requirements, the central bank announced recently. The five entities whose products were found viable, according to the RBI statement on October 27, were first FinAGG Technologies for its solution ‘Quick Cash Flow. Second, M1xchange Small-Small by Mynd Solutions is a one-stop plug-and-play platform for cash-flow-based financing for small MSME sellers on TReDS. Third, Rupifi Technology Solutions offers ‘Pay by Rupifi’ to provide MSMEs with real-time access to working capital through digital credit lines. Fourth, the GST Sahay app by SIDBI for invoice-based finance for MSMEs, and fifth, LENDperfect Shishu Mudra by SysArc Infomatix enables the end-to-end digital straight-through process (STP) journey for MSME Mudra loans in partnership with banks.