KredX, a supply chain finance platform, has announced that it has received final approval from the Reserve Bank of India (RBI) to commercially launch its Trade Receivables Discounting System (TReDS) platform under the brand name DTX (Domestic Trade Exchange). 

With this, KredX becomes the fifth RBI-regulated TReDS platform in India, marking a significant milestone in its journey to revolutionise supply chain financing.

Manish Kumar, CEO & Co-founder of KredX said, “Securing the TReDS licence 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.” 

Trade platform

Founded in 2015 as India’s first supply chain finance platform, KredX is working with over 70,000 MSME suppliers and large corporations across the country.

This regulatory approval builds on KredX’s list of achievements, including being one of the first companies to receive the International Financial Services Centre Authority (IFSCA) licence. With both the TReDS (DTX) and ITFS (GTX) licences, KredX is strategically positioned to influence both domestic and cross-border trade financing markets. 

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.”