KredX, India’s leading integrated supply chain finance provider, has announced a strategic partnership with the Central Bank of India to expand working capital financing for businesses through its RBI-licensed Domestic Trade Exchange (DTX) platform. The collaboration aims to increase the availability of funds and strengthen India’s supply chain finance ecosystem.
The partnership combines the Central Bank of India’s strong financial reach with KredX’s technology-driven DTX platform. Sellers registered on DTX will now have direct access to financing from the Central Bank of India, ensuring quick, collateral-free payments for their trade receivables. Buyers will also benefit by managing their payables more efficiently while staying compliant with the government mandate to register on a TReDS platform.
Manish Kumar, Founder and CEO of KredX, said, “By joining forces with the Central Bank of India, a pioneer in Indian banking, we are not just adding a new financier to our platform; we are unlocking a new era of growth for countless MSMEs. Additionally, we are enabling corporate buyers optimise their cash flow and ensure a seamless, compliant supply chain. This partnership marks a significant milestone in our mission to strengthen the Indian economy by democratising supply chain finance for businesses in India.”
Mr. Sohail Ahmad, General Manager, Central Bank of India, added, “Our alliance with KredX and its DTX platform aligns perfectly with our vision to provide timely and adequate finance to the MSME sector. This partnership will allow us to leverage KredX’s advanced digital ecosystem to efficiently extend credit to MSMEs and contribute to their financial resilience and growth. We are confident that this collaboration will create a powerful and secure channel for supporting the nation’s business ecosystem.”
KredX continues to focus on creating a transparent and digital supply chain finance environment where businesses can access working capital with ease. This mission is supported by partnerships with government bodies, including a Memorandum of Understanding with the Ministry of Micro, Small and Medium Enterprises (MoMSME) for the DTX platform. The company plans to strengthen its network by partnering with more banks and NBFCs, as these collaborations are key to democratising finance for businesses across India.
The DTX platform, approved under the RBI’s TReDS framework, is connected to more than 50 financiers and allows bidding on trade receivables. It offers suppliers immediate access to working capital while helping buyers optimise cash flows. By integrating automation, real-time processing, and user-friendly workflows, DTX provides a smooth experience for all stakeholders.
The initiative is also in line with the Government of India’s directive for companies with a turnover above ₹250 crore to onboard TReDS and integrate with GSTN, thereby promoting digital finance and compliance. KredX has set a goal of achieving ₹15,000 crore in disbursals and empowering 15,000 MSMEs by the end of this fiscal year.
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