Latest news with #TReDS
Mint
9 hours ago
- Business
- Mint
TReDS platform RXIL crosses ₹2 lakh cr MSME invoice financing milestone
New Delhi, Jul 2 (PTI) TReDS platform Receivables Exchange of India Ltd (RXIL), a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has crossed the milestone of ₹ 2 lakh crore MSME invoice financing. The RXIL TReDS platform has facilitated financing worth ₹ 80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes. The growth was driven by strong participation from stakeholders and continued support from the government and regulators, RXIL said in a statement. By ensuring direct settlement of MSME invoice payments and expanding reach across geographies, RXIL is fostering financial inclusion and enhancing supply chain finance efficiency for corporates, CPSEs, and PSUs, it said. Regulated by the Reserve Bank of India (RBI), RXIL has enabled MSMEs to access working capital by discounting over 88.5 lakh invoices through a fully-digital, infrastructure-backed platform, driving a surge in MSME registrations, it said. Greater corporate participation and sustained regulatory support can further unlock the potential of TReDS for millions of small businesses, it said. Speaking on the occasion, SIDBI CMD and RXIL Chairman Manoj Mittal said the recent growth in TReDS transactions shows promise as an alternate source of formal credit for MSMEs. "Reaching ₹ 2 lakh crore in invoice financing by RXIL reflects our commitment towards ensuring credit flow to the MSME sector through innovative means. We believe this is just a beginning for RXIL and it has a greater role to play in MSME credit space,' he said.
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Business Standard
10 hours ago
- Business
- Business Standard
TReDS platform RXIL crosses ₹2 trn MSME invoice financing milestone
TReDS platform Receivables Exchange of India Ltd (RXIL), a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has crossed the milestone of ₹2 trillion MSME invoice financing. The RXIL TReDS platform has facilitated financing worth ₹80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes. The growth was driven by strong participation from stakeholders and continued support from the government and regulators, RXIL said in a statement. By ensuring direct settlement of MSME invoice payments and expanding reach across geographies, RXIL is fostering financial inclusion and enhancing supply chain finance efficiency for corporates, CPSEs, and PSUs, it said. Regulated by the Reserve Bank of India (RBI), RXIL has enabled MSMEs to access working capital by discounting over 88.5 lakh invoices through a fully-digital, infrastructure-backed platform, driving a surge in MSME registrations, it said. Greater corporate participation and sustained regulatory support can further unlock the potential of TReDS for millions of small businesses, it said. Speaking on the occasion, SIDBI CMD and RXIL Chairman Manoj Mittal said the recent growth in TReDS transactions shows promise as an alternate source of formal credit for MSMEs. "Reaching ₹2 trillion in invoice financing by RXIL reflects our commitment towards ensuring credit flow to the MSME sector through innovative means. We believe this is just a beginning for RXIL and it has a greater role to play in MSME credit space, he said. RXIL MD and CEO Ketan Gaikwad said as more corporate and government buyers come on board and financiers deepen their participation, the platform is poised to play an even more pivotal role in building a resilient and inclusive credit ecosystem for India's MSMEs. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
10 hours ago
- Business
- Time of India
TReDS platform RXIL crosses Rs 2 lakh cr MSME invoice financing milestone
New Delhi: TReDS platform Receivables Exchange of India Ltd ( RXIL ), a joint venture promoted by SIDBI and NSE, along with State Bank of India , ICICI Bank , and Yes Bank , has crossed the milestone of Rs 2 lakh crore MSME invoice financing . The RXIL TReDS platform has facilitated financing worth Rs 80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes. The growth was driven by strong participation from stakeholders and continued support from the government and regulators, RXIL said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo By ensuring direct settlement of MSME invoice payments and expanding reach across geographies, RXIL is fostering financial inclusion and enhancing supply chain finance efficiency for corporates, CPSEs, and PSUs, it said. Regulated by the Reserve Bank of India ( RBI ), RXIL has enabled MSMEs to access working capital by discounting over 88.5 lakh invoices through a fully-digital, infrastructure-backed platform, driving a surge in MSME registrations, it said. Live Events Greater corporate participation and sustained regulatory support can further unlock the potential of TReDS for millions of small businesses, it said. Speaking on the occasion, SIDBI CMD and RXIL Chairman Manoj Mittal said the recent growth in TReDS transactions shows promise as an alternate source of formal credit for MSMEs. "Reaching Rs 2 lakh crore in invoice financing by RXIL reflects our commitment towards ensuring credit flow to the MSME sector through innovative means. We believe this is just a beginning for RXIL and it has a greater role to play in MSME credit space," he said. RXIL MD and CEO Ketan Gaikwad said as more corporate and government buyers come on board and financiers deepen their participation, the platform is poised to play an even more pivotal role in building a resilient and inclusive credit ecosystem for India's MSMEs.
Mint
11 hours ago
- Business
- Mint
TReDS platform RXIL crosses ₹2 lakh cr MSME invoice financing milestone
New Delhi, Jul 2 (PTI) TReDS platform Receivables Exchange of India Ltd (RXIL), a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has crossed the milestone of ₹ 2 lakh crore MSME invoice financing. The RXIL TReDS platform has facilitated financing worth ₹ 80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes. The growth was driven by strong participation from stakeholders and continued support from the government and regulators, RXIL said in a statement. By ensuring direct settlement of MSME invoice payments and expanding reach across geographies, RXIL is fostering financial inclusion and enhancing supply chain finance efficiency for corporates, CPSEs, and PSUs, it said. Regulated by the Reserve Bank of India (RBI), RXIL has enabled MSMEs to access working capital by discounting over 88.5 lakh invoices through a fully-digital, infrastructure-backed platform, driving a surge in MSME registrations, it said. Greater corporate participation and sustained regulatory support can further unlock the potential of TReDS for millions of small businesses, it said. Speaking on the occasion, SIDBI CMD and RXIL Chairman Manoj Mittal said the recent growth in TReDS transactions shows promise as an alternate source of formal credit for MSMEs. "Reaching ₹ 2 lakh crore in invoice financing by RXIL reflects our commitment towards ensuring credit flow to the MSME sector through innovative means. We believe this is just a beginning for RXIL and it has a greater role to play in MSME credit space,' he said. RXIL MD and CEO Ketan Gaikwad said as more corporate and government buyers come on board and financiers deepen their participation, the platform is poised to play an even more pivotal role in building a resilient and inclusive credit ecosystem for India's MSMEs.
Fashion Value Chain
13 hours ago
- Business
- Fashion Value Chain
A New Era for MSMEs: DTX by KredX Signs Pivotal MoU with Ministry of Micro, Small & Medium Enterprises, Government of India
KredX, India's leading integrated supply chain finance platform, today announced the signing of a significant Memorandum of Understanding (MoU) between the Ministry of Micro, Small & Medium Enterprises (MoMSME), Government of India, and KredX's technologically advanced TReDS platform – Domestic Trade Exchange (DTX). This strategic collaboration marks a pivotal step towards empowering the nations vital MSME sector through enhanced data sharing and streamlined digital integration. The MoU establishes a framework for understanding between MoMSME and KredX's DTX, specifically concerning the secure and efficient sharing of Udyam registration data. The KredX DTX platform, an RBI-licensed TReDS platform, will leverage this partnership to further its mission of empowering MSMEs. Through a two-way API integration, the agreement facilitates real-time data updation and seamless onboarding of MSMEs onto the DTX platform. This reciprocal data exchange will significantly enrich the DTX database, allowing for data-backed updates and more efficient registration processes for MSMEs, thereby directly aiding KredX in providing effective supply chain financing solutions to a wider set of MSMEs. This collaboration is a testament to KredXs commitment to leveraging technology for the benefit of Indian MSMEs, enabling faster access to financial services and fostering a more robust digital ecosystem. With direct integration with the Ministrys Udyam registration data, KredX will be able to reduce friction in the onboarding process, improve data accuracy, and provide more tailored solutions to a wider base of micro, small, and medium enterprises across the country. Manish Kumar, Founder and CEO, KredX, said,'We are honoured to collaborate with the Ministry of MSME, Government of India, in this landmark initiative. This strategic step perfectly aligns with KredXs core goal to empower MSMEs by simplifying supply chain finance through seamless digitisation. Access to real-time Udyam registration data via this two-way API will revolutionise our onboarding process and how we serve these crucial businesses, enabling us to provide quicker, more efficient, and data-driven supply chain financing solutions. This will significantly aid us in reaching and supporting an even wider network of MSMEs nationwide, fostering their growth and contribution to the economy.' As India's leading integrated supply chain finance provider, KredX offers a comprehensive suite of solutions including early payments, accounts payable and receivable financing, and cash flow automation. These capabilities empower businesses to unlock working capital, drive operational efficiency, and maintain compliance across processes. It will continue to foster a robust financial ecosystem through strategic partnerships and collaborations to strengthen India's digital supply chain infrastructure and drive inclusive economic growth. About KredX KredX is India's leading integrated supply chain finance provider, enabling businesses to unlock working capital and optimise cash flows through a full stack of digital finance solutions for modern supply chains. With platforms like DTX (Domestic Trade Exchange), GTX (Global Trade Exchange), and CMS (AI-powered Cash Management Solutions), KredX has onboarded 3,000+ enterprises and enabled over 100,000 MSMEs to access timely working capital. The company has processed more than Rs. 550 billion in invoices. Backed by marquee investors including Tiger Global, Sequoia Capital India, and Prime Venture Partners, KredX is at the forefront of building future-ready, tech-led financial infrastructure for B2B supply chain ecosystems.
