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Receivables Exchange of India Ltd (RXIL), India’s first Trade Receivables Discounting System (TReDS) platform, has announced an interim dividend of 21.6 per cent on its shares. This marks a historic milestone, as RXIL becomes the first TReDS platform in the...
#invoice discounting
SC Finserv has received formal approval from the Reserve Bank of India (RBI) to commence factoring business activities, marking a…
#factoring
CredAble, a global working capital technology platform, announced a strategic technology partnership with Citi to digitise its trade finance controls…
#trade finance
The Government of India has announced two new components under its Export Promotion Mission, committing a combined expenditure of INR…
#export finance
Mynd FinTech, a subsidiary of M1xchange, has launched UFX (Unified Financing Xperience), a consolidated supply chain finance (SCF) platform for…
#supply chain finance
DBS Bank India has extended a INR 670 crore (US$74.8m) Sustainability-Linked Trade Facility (SLTF) to Indorama India Private Limited (Indorama),…
#working capital
Finastra, a global leader in financial services software, today announced the opening of two new offices as part of its…
#payments
CredAble, India’s largest working capital technology platform, and Trademo, a global AI-powered intelligence, compliance, and digitisation solution, announced a strategic…
Fintech SaaS startup CredFlow has received a non-deposit taking NBFC licence from the Reserve Bank of India (RBI), enabling its…
The manufacturing-services platform Zetwerk has secured an invoice-discounting facility worth INR 265 crore (approximately US$30m) through fintech firm TradeCred. The…
SG Finserve’s board has approved Vinay Gupta’s appointment as Chief Executive Officer (CEO). He is expected to assume the role…
A new global payment mechanism aimed at simplifying and accelerating cross-border transactions for Indian exporters has been introduced by rivexa,…
State Bank of India (SBI) is strengthening its trade finance operations with the establishment of a centralised digital hub for…
#SBI#State Bank of India#trade finance