The Trade Receivable Discounting System (TreDS), an online bill discounting platform that helps cash-starved micro, small and medium enterprises (MSMEs) raise funds by selling their trade receivables to corporates, has been witnessing phenomenal growth over the last two years.
The concept of TReDS to facilitate the financing of trade receivables of MSMEs was introduced by the Reserve Bank of India (RBI) in 2014. Accordingly, the RBI, in 2017, issued licence to three players:
