Digital financing platform TReDS by KredX partners with SBI to enhance digital supply chain financing in India
Get Ready for a Game-Changing Partnership!
India's leading cash flow and supply chain finance platform, KredX, has teamed up with the mighty State Bank of India (SBI) for a strategic move that's set to rock the B2B finance world! This union aims to supercharge digital trade receivable discounting through KredX's RBI-approved TReDS platform, Domestic Trade Exchange (DTX).
The entry of SBI onto the KredX DTX platform is a significant stride toward building sharper, speedier, and more inclusive supply chain finance networks. By blending SBI's gargantuan scale with KredX's tech-savvy infrastructure, the collaboration amplifies working capital access for MSME suppliers nationwide, bolstering their agility, transparency, and efficiency across the value chain.
Manish Kumar, Founder and CEO of KredX, cheerfully announced, "It's freakin' awesome to bring SBI on board as a financing partner on KredX's tech-centric TReDS platform, DTX. SBI's colossal scale and bullet-proof credibility adds heaps to our ever-growing ecosystem. This partnership signs a strong endorsement for our mission to digitalize and democratize trade finance, harnessing AI-driven, real-time solutions to empower enterprise buyers and MSME partners to release working capital as and when they need it, all with the click of a button!"
KredX's DTX platform, blessed under the RBI's TReDS framework, goes beyond traditional lending, offering a digital-oriented end-to-end solution for trade finance. Linked to over 50 financiers and designed to allow bidding on trade receivables, DTX grants businesses access to the lowest cost of finance while delivering a user-friendly interface and effortless execution. DTX also lets suppliers tap into working capital right away, while allowing buyers to tame their cash flows and construct more robust supply chains. By incorporating intelligent automation, real-time processing, and intuitive workflows, DTX promises a seamless experience for buyers, sellers, and financiers alike.
As India's top integrated supply chain finance sorcerer, KredX offers a dream team of solutions including early payments, accounts payable and receivable financing, and cash flow automation. These weapons empower businesses to unlock working capital, boost operational efficiency, and keep compliance under control throughout operations. KredX continues to extend its network of banks, NBFCs, and financial institutions to strengthen India's digital supply chain infrastructure and enhance capital access across the ecosystem.
What's KredX All About?KredX is India's leading integrated supply chain finance wizard, liberating businesses from a cash crunch and optimizing their cash flows through a suite of digital finance solutions custom-made for modern supply chains. Its platforms, such as DTX (Domestic Trade Exchange), GTX (Global Trade Exchange), and CMS (AI-powered Cash Management Solutions), have onboarded 3,000+ enterprises and helped over 100,000 MSMEs access much-needed working capital. KredX has processed a whopping Rs. 550 billion in invoices. Backed by big-name investors, like Tiger Global, Sequoia Capital India, and Prime Venture Partners, KredX is paving the way for future-proof, tech-packed financial infrastructure for B2B supply chain ecosystems.
Meet the Colossus - State Bank of India (SBI)Last but not least, SBI, India's mammoth public sector bank, serves over 50 crore customers with a network of branches and ATMs spread far and wide across the country. With a heritage spanning more than 200 years, SBI offers a broad range of banking and financial services and operates via 240+ offices in 29 countries. SBI's foray into the KredX DTX platform could set off a chain reaction, revolutionizing trade finance and creating a future-proof digital financial infrastructure.
- The strategic partnership between KredX and State Bank of India (SBI) will leverage their combined strengths in industry, finance, and technology, aiming to revolutionize B2B finance through digital trade receivable discounting.
- The incorporation of SBI's infrastructure into KredX's technology-driven Domestic Trade Exchange (DTX) platform will bolster the supply chain finance network, providing MSME suppliers across India with improved access to working capital, increased agility, and enhanced operational efficiency.
- This partnership between KredX and SBI will not only strengthen India's digital supply chain infrastructure but also contribute significantly to the democratization of trade finance, empowering businesses to optimize their cash flows and sustainable growth through the use of advanced technology and AI-driven solutions.
