Bangladesh's first-ever digital factoring marketplace TREDX, owned by Pakistan’s fintech Think Big Solutions Limited, announced on Sunday a launch of its digital factoring platform to provide financing solutions for smaller businesses.
Named Tredxonline, the platform aims to unite small businesses, financial institutions (FIs), corporations and suppliers to create an online marketplace for digital invoices. It will facilitate digital factoring, that is, real-time transactions selling approved invoices from small and medium-sized enterprises (SMEs) to FIs at a discount.
