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FinancierTreading the right path: For cash-starved businesses, TReDS can be an invaluable lifeline
Sample this. Since the onset of commercial operations in October 2017, M1xchange, an RBI approved Trade Receivables Discounting System (TReDS) platform, has been witness to Rs 1800 crore worth of transactions on its platform.
The TReDS allows MSMEs to receive money upfront
The TReDS allows MSMEs to receive money upfront, which helps them resolve their collection-related working capital issues. MSMEs supplier , corporate buyers, banks and non-banking financial companies (NBFCs) are the direct “participants in the TReDS.
TReDS platform M1xchange raises Series A funding from Mayfield and SIDBI
M1xchange, a digital invoice discounting platform for Micro,Small and Medium Enterprises (MSMEs), has raised a Series A round of venture capital from Mayfield India and SIDBI Ventures.
M1xchange eyes ₹12,000 cr business volumes in 2019-20
This two-year-old platform expects to break-even next fiscal, says CEO Mohindru
Union Bank of India on boards M1xchange as TReDS partner to ensure smooth flow of funds to MSMEs
Mumbai, December 07, 2018: In the light of Hon’ble Prime Minister making it mandatory for corporates and financial institutions to join Trade Receivables Discounting System (TReDS) platform for the betterment of Micro, Small and Medium Enterprises (MSMEs)
Clearing MSME bills
LAST MONTH, state-run NTPC started transacting with e-bill discounting plat-form M1Xchange thus facilitating financing of micro, small and medium enterprises (MSME) vendors in the power sector.
From smart loans to interest subvention of 2% for MSMEs, PM Modi rolls out the red carpet
For a sector that has been hammered by demonitisation and the chaotic implementation of the Goods and Services Tax (GST), Prime Minister Narendra Modi announced as many as 12 decisions that he said should prove extremely beneficial for the country’s Micro, Small and Medium Enterprises (MSME).
NTPC Ltd. and Punjab National Bank do their first PSU TReDS transaction on M1xchange
New Delhi, Tuesday, 23rd October, 2018: In a significant development, M1xchange, one of the foremost exchanges dealing in Trade Receivables Discounting System (TReDS), has started transacting with NTPC limited, a Maharatna CPSU.
Fintech Reach for MSME Financing
India is expected to emerge as one of the leading economies in the world over the next decade in the light of a positive political and economic scenario. The Micro, Small & Medium Enterprises (MSME) segment is expected to play a significant role in the emergence of the Indian economy.
For small companies struggling for credit, money finds a way
Think non-performing assets. Think banks under tremendous pressure. Think credit squeeze. Think small and medium enterprises. Think, well, tough deadlock, but what next?