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FinancierTReDS: The Pandemic Brought A Silver Lining For Trade Receivable Platforms
The Covid-19 pandemic, which accelerated digitisation across a number of sectors, also brought increased traction for trade receivable platforms, which attempt to solve the age-old problem of payment delays for small businesses.
Four platforms get IFSCA licence for factoring business at Gift City
The International Financial Services Centres Authority (IFSCA), the sole regulator of the Gift City-based International Financial Service Centre, has issued licences to four trade-financing platforms to tap the €2,724-billion international factoring business.
MSME liquidity line set to widen as more NBFCs start ‘factoring’
Parliament’s clearance to The Factoring Regulation (Amendment) Bill, along with a government plan to mandate companies with over Rs 250-crore annual turnover to register on the TReDS.
Lok Sabha passes Factoring Regulation (Amendment) Bill; to help expedite MSME payments
Credit and Finance for MSMEs: Introduced in Lok Sabha in September last year, the bill seeks to broaden the participation of entities undertaking factoring.
Topgallant Media acknowledged and felicitated the winners of Nation’s Pride Awards 2021
Topgallant Media organised the Nation’s Pride Awards 2021. Which was a ceremony to acknowledge and felicitate the leading contributors who have taken the initiative to bring a pleasant and powerful change in the field of Healthcare, Education and Business. The announcements of winners were done on 15th July 2021 through a video conferencing virtual event.
M1xchange eased credit flow for MSMEs during Covid pandemic. MSMEs from Coimbatore access Rs. 222 Crore funds in FY 2021.
Tamil Nadu, the home of more than 15 percent of India’s Micro,Small and Medium Enterprises(MSMEs) has been badly affected due to Covid pandemic. These units have been suffering from multiple problems,liquidity being a critical one.
Auto companies warm up to invoice discounting to boost suppliers’ cash flow
The automotive industry in the country is increasingly adopting the concept of invoice discounting to access capital at a relatively lower rate of interest and improve cash flow of component suppliers amid the pandemic
M1xchange to tap cement, IT and paper segments
The company facilitates receivables financing and has about 300 MSMEs from auto, pharma and heavy engineering sectors in Telangana.
M1xchange raises $10 million led by Amazon
M1xchange has raised $10 million in its current funding round, which was led by Amazon, and had participation from BEENEXT and existing investor Mayfield.
M1xchange raises USD 10 million led by Amazon
New Delhi [India], April 15 (NewsVoir): M1xchange has raised USD 10 million in its current funding round, which was led by Amazon and had participation from BEENEXT and existing investor Mayfield.