KredX has entered into a strategic alliance with the State Bank of India (SBI) to broaden the reach of digital trade receivable discounting via its RBI-licensed TReDS platform, Domestic Trade Exchange (DTX). This collaboration is set to make a significant impact on the ₹30 lakh crore financing gap faced by the country’s micro, small, and medium enterprises (MSMEs). By leveraging SBI’s extensive scale and KredX’s advanced technology infrastructure, the partnership is designed to create a smarter, faster, and more inclusive supply chain finance ecosystem, enhancing working capital access for MSME suppliers across diverse sectors and business sizes.
The DTX platform, operating under the RBI’s TReDS framework, is engineered to go beyond traditional lending by offering a digital-first, end-to-end trade finance solution. With more than 50 financiers connected to the platform, DTX enables competitive bidding on trade receivables, ensuring businesses can access the lowest cost of finance. The platform’s intuitive user experience and seamless execution allow suppliers to receive working capital instantly, while buyers benefit from optimised cash flows and the ability to build more resilient supply chains. Intelligent automation, real-time processing, and user-friendly workflows are integrated into DTX, promising a frictionless experience for all stakeholders—buyers, sellers, and financiers alike.
SBI’s entry as a financing partner on the DTX platform brings unmatched credibility and reach, further strengthening the ecosystem. Manish Kumar, Founder and CEO of KredX, expressed enthusiasm about the partnership, noting that SBI’s involvement marks a pivotal step in KredX’s mission to digitise and democratise trade finance. By deploying AI-led, real-time solutions, the platform empowers enterprise buyers and their MSME partners to unlock liquidity precisely when and where it is needed, with just a click.
This partnership is not only about technological advancement but also about inclusivity. The initiative aims to ensure that even MSMEs with limited digital literacy can benefit from improved cash flow and access to working capital. It also supports regulatory compliance, helping businesses adhere to government mandates such as the requirement for large companies to register on TReDS and comply with MSME payment regulations. Regular audits and stringent monitoring further ensure that the benefits of discounted trade receivables reach the intended MSMEs, reinforcing transparency and accountability throughout the process.
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KredX continues to expand its network of banks, NBFCs, and financial institutions, bolstering India’s digital supply chain infrastructure. The company’s comprehensive suite of solutions—including early payments, accounts payable and receivable financing, and cash flow automation—empowers businesses to unlock working capital, drive operational efficiency, and maintain compliance. With the partnership between KredX and SBI, the future of digital supply chain finance in India looks increasingly robust, promising timely, transparent, and efficient working capital solutions for MSMEs and contributing to a more resilient and digitally empowered supply chain ecosystem.
