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TReDS platforms enter discussions with insurers post RBI nod

TReDS platforms enter discussions with insurers post RBI nod
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

TReDS platform Invoicemart eyes break-even in two years as volume soars

Invoicemart discounts Rs 10,000-cr MSME invoices - The Financial Express

Invoicemart discounts Rs 10,000-cr MSME invoices - The Financial Express
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Invoicemart Discounts Rs 10 000 Cr MSME Invoices

BW Businessworld Invoicemart Discounts Rs 10,000-Cr MSME Invoices The trade receivable discounting system (TReDS) platform said that with a record discounting of Rs 10,000 crore worth of invoices, it has facilitated funding for more than 5,80,000 invoices of MSME vendors. Photo Credit : Invoicemart, an Axis Bank-backed digital invoice discounting marketplace, on Monday said it has facilitated MSME invoice discounting worth Rs 10,000 crore. The trade receivable discounting system (TReDS) platform said that with a record discounting of Rs 10,000 crore worth of invoices, it has facilitated funding for more than 5,80,000 invoices of MSME vendors. A majority of industries and businesses are now inching towards pre-COVID-19 levels, MSMEs have also started charting their path for recovery, Invoicemart said in a release.

Axis Bank | MSME: Axis Bank backed TReDS platform, Invoicemart, reaches Rs 10,000 crore worth of MSME invoice discounting

Synopsis Invoicemart has helped in price discovery for MSMEs across 486 cities and towns in India who are now able to get their bills discounted from 39 financiers without necessarily having a direct lending relationship with these financiers. ThinkStock Photos Apart from creating value for all the participants, the platform is working towards creating awareness for TReDS. NEW DELHI: Invoicemart, an Axis Bank-backed digital invoice discounting TReDS (Trade Receivable Discounting System) platform is set to record discounting of Rs 10,000 crore worth of invoices. They have funded more than 5,80,000 invoices of MSME vendors, on the platform. A majority of industries and businesses are now inching back to pre-COVID 19 levels, MSMEs have also started charting their path for recovery. The lockdown has increased technological literacy and given a push to digital adoption among the MSMEs. Supported by their tie-up with more than 760 corporates, CPSE, PSUs, banks and NBFC factors, Invo

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