KredX has formed a strategic alliance with the State Bank of India to enhance digital trade receivable discounting through its Domestic Trade Exchange platform, which is licensed by the RBI. This collaboration aims to improve supply chain finance networks by combining SBI’s extensive reach with KredX’s technology-driven infrastructure, thus increasing access to working capital for MSME suppliers across various sectors. This initiative is expected to bring greater agility, transparency, and efficiency to the value chain.
Manish Kumar, CEO of KredX, expressed enthusiasm about SBI joining as a financing partner on their TReDS platform, DTX, noting that SBI’s reputation and scale would significantly enhance their ecosystem. The partnership supports KredX’s mission to digitize trade finance using AI-driven solutions that provide liquidity to enterprise buyers and MSME partners efficiently.
The DTX platform offers a digital-first approach to trade finance, connecting over 50 financiers and facilitating bidding on trade receivables. It provides businesses with cost-effective financing, an intuitive user experience, and seamless execution. The platform allows suppliers to access instant working capital and helps buyers optimize cash flows, thereby strengthening supply chains. With features like intelligent automation and real-time processing, DTX ensures a smooth experience for all parties involved.
As a leader in integrated supply chain finance, KredX provides a range of solutions including early payments, accounts payable and receivable financing, and cash flow automation. These services help businesses unlock working capital and enhance operational efficiency while ensuring compliance. KredX continues to expand its network of banking and financial partners to bolster India’s digital supply chain infrastructure and improve capital access within the ecosystem.
