Context:
KredX, India’s leading integrated supply chain finance platform, has partnered with public sector lender Canara Bank to expand access to formal digital trade finance via its RBI-licensed TReDS platform — DTX (Domestic Trade Exchange).
Key Highlights:
- Bridging MSME Credit Gap:
- The partnership aims to address India’s massive ₹30 lakh crore MSME credit gap by offering collateral-free, low-cost working capital through receivable discounting.
- DTX Platform Advantages:
- RBI-approved platform under the TReDS (Trade Receivables Discounting System) framework.
- Enables real-time bidding on trade receivables by financiers.
- Offers seamless onboarding, intuitive UX, and intelligent automation.
- Canara Bank’s Role:
- Leverages its nationwide reach (9,500+ branches) and PSU reputation.
- Enhances financing capacity for MSMEs and supply chain partners.
- KredX’s Goals for FY25:
- Empower 15,000 MSMEs with working capital support.
- Policy and Ecosystem Impact:
- Supports financial inclusion, cash flow optimisation, and compliance.
- KredX also working with state governments to promote MSME awareness and onboarding.
- Regulatory and Global Reach:
- KredX is licensed by both RBI and IFSCA, enabling domestic (DTX) and international (GTX) trade finance.
