Overview
A family business dressing weddings across the world
Monga's began in 1996, when Arun and Reena Monga started exporting clothing from India to designer boutiques in the UK. Since then the family has built a global brand designing and manufacturing South Asian wedding clothing, with shops and offices in London, Birmingham and Southall, over 90 team members, and a significant online presence. Today, under Managing Director Ankit Monga, they are one of the foremost SMEs bringing the $130 billion South Asian wedding market to the UK and beyond.
The Problem
Weeks between buying stock and selling it
BodyLike many retailers importing from abroad, success brings its own cash flow challenge. Monga's regularly purchases stock from suppliers in India, ships it to the UK, and sells in-store and online. That cycle demands significant working capital, and weeks or months can pass between purchase and sale.
With a new Birmingham store generating even more demand, the business needed funding that could keep pace with its growth trajectory.
The Solution
A revolving facility that grows with each cycle
Three features of Lenkie's credit facility stand out for Monga's. The revolving line of credit means every repayment frees the facility to draw down again, creating constant access to funds with each payment cycle. Live, highly competitive FX rates smooth transactions with their exclusively international suppliers. And continuous underwriting means the facility has scaled as the business grows, providing access to 200% more credit over the course of the relationship.
The journey
01
Revolving line of credit: every repayment opens the facility for the next drawdown
02
Live competitive FX rates on payments to international suppliers
03
Continuous underwriting: the credit limit has grown 200% alongside the business
"Investing in stock, reaching new customers, and maintaining supplier relationships is the key to our business. Lenkie's credit facility provides the capital to achieve all three, shortening our cash conversion and speeding up payments to suppliers. It's the perfect solution to sit alongside our trade finance lines"
Ankit Monga
Managing Director, Monga's
Results
Cash flow secured, sights set on North America
With cash flow secured, Ankit and the team can focus on bringing their designs to more customers than ever. Having established Monga's as a dominant UK player, their sights are set on new customers across North America and Europe, with the facility providing the flexible funding behind those global ambitions.
200%
more credit accessed as the facility scaled with the business
90+
team members across London, Birmingham and Southall
$130b
South Asian wedding market they serve
Monga's is an inspiring example of an ambitious family-owned business with a commitment to quality across the brand. Growing in the clothing market requires a significant upfront investment in inventory and we're thrilled to partner with them to provide the on-demand capital needed to build on their momentum and seize new opportunities.
Sanjeev Jeyakumar
CEO, Lenkie
Takeaway
"Monga's problem is the importer's constant: capital leaves for India weeks before revenue comes back through the tills. A revolving facility fits that rhythm exactly, refilling with every repayment, repricing FX live, and growing its limit as the business proves itself cycle after cycle."
