KredX, India’s largest supply chain finance platform, has secured the Reserve Bank of India’s (RBI) final approval to commercially launch its Trade Receivables Discounting System (TReDS) platform under the brand name DTX (Domestic Trade Exchange). This milestone positions KredX as the fifth RBI-regulated TReDS platform in the country, further advancing its mission to transform supply chain financing.
The TReDS platform is a government-mandated initiative designed to address the persistent challenges of delayed payments and working capital gaps in the Micro, Small, and Medium Enterprise (MSME) sector. Through DTX, MSMEs will benefit from transparent, timely payment processes and improved liquidity by leveraging an electronic trade receivables discounting system.
DTX builds on KredX’s advanced technology infrastructure, offering a seamless experience tailored to the needs of MSMEs. The platform provides comprehensive financial solutions, including early payments, accounts payable and receivable financing, and process automation. These features empower businesses to manage cash flows efficiently, build sustainable supply chains, and ensure regulatory compliance.
Founded in 2015, KredX has been a pioneer in supply chain finance, working with over 70,000 MSME suppliers and large corporations. Its regulatory approval to launch DTX adds to a growing list of achievements, including being one of the first firms to secure an International Financial Services Centre Authority (IFSCA) license for cross-border trade finance through its global platform, GTX. With both domestic (DTX) and global (GTX) platforms, KredX has established itself as a “Full Stack Trade Finance Platform” that seamlessly integrates technology and regulatory compliance.
Manish Kumar, CEO & Co-founder of KredX said, “Securing the TReDS license marks a transformative milestone in KredX’s journey, underscoring our commitment to empowering MSMEs with cutting-edge financial solutions. This achievement is not only a testament to our relentless focus on innovation but also aligns with the government’s vision to enhance transparency within the MSME’s payments and financing ecosystem.” He added, “With recent mandates requiring companies with a turnover of ₹250 crore or more to register with TReDS, our platform, DTX, is strategically positioned to drive compliance and accelerate adoption across the country.”
Anurag Jain, Co-founder & Executive Director at KredX said, “TReDs licence is a testimony to the deep impact KredX has made on the MSME landscape in India in the last 10 years. With a blend of global trade platform (GTX licensed by IFSCA), domestic trade platform (DTX licensed by RBI) and technology solutions for Indian & global businesses, KredX is now well positioned with its “Full Stack-Trade finance platform” model to empower millions of businesses with working capital solutions across the globe.” He added, “With proposed integrations with other public platforms, we expect TReDS transaction volumes to rise to around $50B annually by 2026 from around $30B annually as of today. There is a huge potential to broaden the scope of financiers and businesses on TReDS platforms adding to the potential impact by these platforms.”
With the launch of DTX, KredX is set to redefine supply chain financing for MSMEs, driving compliance, adoption, and innovation across the sector.
