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India

TReDS platform RXIL finances $12bn in invoices

The Trade Receivables Discounting System (TReDS) platform, Receivables Exchange of India Ltd (RXIL), has financed over five million invoices totalling ₹1 lakh crore (US$12bn). The joint venture, which includes SIDBI, NSE, State Bank of India, ICICI Bank, and YES Bank,...

#bank#invoice#platforms

C2FO TReDS platform featuring State Bank of India and...

In a significant development, C2FO, the world’s on-demand working capital platform, announced that its TReDS platform, named C2treds has gone…

#working capital finance


Lendingkart Raises $10M in external borrowing for MSME lending...

Lendingkart, an MSME lending platform, has secured US$10 million through external commercial borrowing from a BlueOrchard fund. The Non-Convertible Debentures…

#Access to Finance#funding#international


MODIFI and Yubi partner to revolutionise international trade finance...

Yubi, the world's only technology company powering the end-to-end debt lifecycle, has announced a strategic partnership with MODIFI, one of Europe's…

#supply chain finance#Yubi


Vivriti Capital provides INR 400m SCF solution to Source.One

Indian non-banking financial company (NBFC) Vivriti Capital, a specialist financier, has provided INR 400m (US$4.8m) receivables finance solution to Source.One,…

#supply chain finance


WFY’23: Indian factoring volumes records an extraordinary 83% increase...

The year 2022 saw the emergence of another black swan event, i.e. the Ukraine – Russia geopolitical situation. Two back-to-back…

#India Factoring and Finance Solutions#Ravi Valecha


CredAble achieves record-breaking $8bn throughput in FY23-24

CredAble, India's largest working capital tech platform, announced a record-breaking milestone aggregate throughput worth US$8bn for the financial year 2023–24.…

#supply chain finance#working capital


Vayana TradeXchange partners with Arqit to transform trade finance

Arqit Quantum Inc. (Arqit),  and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure™ digital negotiable instrument technology to transform international…

#Arqit


Ujjivan SFB partners with Veefin for enhanced MSME supply...

Ujjivan Small Finance Bank (Ujjivan SFB) has entered a strategic partnership with Veefin Solutions, a supply chain finance (SCF) solutions…

#Raja Debnath#supply chain finance#Veefin


Invoicemart reached INR 10bn invoice finance milestone

Invoicemart, India’s largest Trade Receivables Discounting System (TReDS) platform, has witnessed exponential growth in invoice financing volumes in the last…

#invoice#Invoicemart#receivables


Federal Bank and WaveBL complete first digital export collection...

Federal Bank and WaveBL have jointly announced the successful completion of India's first-ever single-bank digital export collection bill transaction. WAVE…

#blockchain#eBL


Muthoot FinCorp and Veefin Solutions collaborate on supply chain...

Muthoot FinCorp, a prominent non-banking finance company (NBFC) in India boasting nearly 3600 branches, has enlisted Veefin Solutions as its…

#supplier finance#supply chain finance#Veefin

Cashinvoice and SBI Global Factors join forces to enhance...

Cashinvoice, a digital supply chain finance platform, has partnered with SBI Global Factors Limited, India’s premier factoring provider, to expand…

#Arun Poojari#supply chain finance

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