Archive · 18 Jun 2025
KredX and SBI Partner to Enhance Supply Chain Finance in India
KredX, a company that helps businesses with money, joined forces with State Bank of India (SBI).
They're using a special online platform called DTX to help companies get money faster.
This helps small and medium-sized businesses (MSMEs) get money when they need it, by letting them sell their invoices to get paid quickly.
SBI is helping because it's a big, trusted bank.
KredX hopes this will make it easier for businesses to manage their money and grow.
This partnership is designed to speed up payments and make business easier.
KredX partnered with State Bank of India (SBI) to boost digital supply chain financing in India.
The partnership will expand access to digital trade receivable discounting through KredX's TReDS platform, DTX.
SBI's involvement aims to build more inclusive supply chain finance networks.
KredX offers solutions like early payments and cash flow automation to unlock working capital.
KredX has enabled over 100,000 MSMEs to access working capital, processing over Rs. 550 billion in invoices.
- Who
- KredX and State Bank of India (SBI).
- What
- KredX and SBI are partnering to boost digital supply chain finance.
- When
- The partnership was announced on June 18.
- Where
- In India.
- Why
- To enhance working capital access for MSME suppliers.
- Partnership
- KredX and State Bank of India (SBI)
- Platform
- DTX (Domestic Trade Exchange)
- Focus
- Digital supply chain finance
- KredX Services
- Early payments, accounts payable/receivable financing, cash flow automation
- MSMEs supported
- Over 100,000
- Invoices Processed
- Over Rs. 550 billion
- SBI's role
- Financing partner, expanding reach