KredX receives RBI nod to launch TReDS platform DTX

KredX, a supply chain finance platform founded in 2015, 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).

This makes KredX the fifth RBI-regulated TReDS platform in the country, marking a significant step in its effort to streamline and modernize supply chain financing.

How TReDS will be helpful ?

The TReDS platform is designed to help micro, small and medium enterprises (MSMEs) tackle delayed payments by enabling the discounting of trade receivables through an electronic system.

By providing greater transparency and faster access to working capital, TReDS aims to reduce cash flow disruptions that often hold back smaller businesses.

KredX’s DTX will leverage the company’s technology infrastructure to simplify operations for MSMEs, ensuring they receive timely payments for their goods and services.

Leadership comments

Manish Kumar, CEO and co-founder of KredX, said the TReDS license will boost the company’s commitment to empowering MSMEs with new financial solutions. He noted that recent government mandates require companies with a turnover of ₹250 crore or more to register with TReDS, setting the stage for broader adoption of digital platforms like DTX.

Anurag Jain, co-founder and executive director, echoed these sentiments, saying the approval reflects KredX’s decade-long impact on Indian MSMEs and positions the company to offer “full-stack” trade finance solutions at both the domestic and global levels.

Prior to obtaining the TReDS license, KredX became one of the first platforms to earn approval from the International Financial Services Centre Authority (IFSCA), enabling it to cater to cross-border trade financing through its Global Trade Exchange (GTX) platform.

Together, DTX and GTX underline KredX’s ambition to make supply chain financing more efficient, transparent and accessible for millions of businesses across India and beyond.