KredX gets RBI nod to launch TReDS platform

KredX, a supply chain finance platform, has received final approval from the Reserve Bank of India (RBI) to launch its TReDS (Trade Receivables Discounting System) platform. The approval will enable KredX to facilitate faster, more efficient financing for small and medium-sized enterprises (SMEs). The TReDS platform allows businesses to discount their receivables and access quick financing. This initiative aims to improve the liquidity of SMEs by providing them with timely access to working capital, helping them grow and become more competitive in the market.