geo/india
ezee.ai, a Global Leader in Digital Lending Technology, Joins SME Finance Forum

M1xchange, Revolutionizes MSME Financing in India with Digital TReDS Platform, Facilitating Over Rs 170,000 Crores in Invoice Discounting, joins the SME Finance Forum

Vayana, India's largest Supply Chain Finance Network, joins the SME Finance Forum

Receivables Exchange of India Limited (RXIL), a leading MSMEs focused digital platform in India, joins the SME Finance Forum

Washington D.C, July 9th, 2024 – Receivables Exchange of India Limited (RXIL), a leading MSMEs focused digital platform in India has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“SME Finance Forum proudly welcomes leading MSMEs focused digital platform in India. It is with great pleasure I welcome Receivables Exchange of India Limited (RXIL) TReDS (Trade Receivable Discounting System) platform to SME Finance Forum which is in line with our strategy of onboarding leading MSME finance solution provider in emerging markets for impact,” said Qamar Saleem, Head of SME Finance Forum.
Receivables Exchange of India Limited (RXIL) TReDS (Trade Receivable Discounting System) platform is an integrated financing platform and a digital marketplace to facilitate MSMEs (Micro, Small and Medium Enterprises) realise their trade receivables from buyers. This unique platform provides a transparent, single window financing of trade receivables from multiple Buyers, coupled with competitive price discovery through auction mechanism from multiple financiers. This multi-financier model provides more liquidity and competitive pricing which benefits the MSMEs. RXIL has processed over 5.4 million invoices till date with an aggregate financing value of over $12.65 Billion, for a registered base of 27,500+ MSMEs. This growth is attributable to an increase in the number of MSMEs opting for TReDS, thus enabling timely availability of financing against their invoices. Execution of the entire process is Digital - From document verification of MSME sellers, validation of KYC (know your customer), CKYC (Central KYC), video KYC, signing of the agreements, Notice of assessment (NoA) and settlement.
“SME finance forum community is a global peer network for SME finance institutions, RXIL being the TReDS platform always wish to expand connections/network across the globe. RXIL TReDS - A completely digitally driven platform wants to be part of the leaders group which can drive changes in the world of Trade Finance and contribute to the growth of SMEs,” said Mr. Ketan Gaikwad, MD & CEO of Receivables Exchange Of India Limited.
SME Finance Forum: Innovation & Partnership for MSMEs Growth
The SME Finance Forum, backed by G20 and IFC/World Bank, is the leading global network of 300+ members/affiliates operating in 190 countries. Network comprises of SME focused institutions providing and enabling finance and services- banks, non-banks financial institutions, fintech, payment platforms, development institutions, credit guarantee companies, insurers, investment funds, supply chain linked players, banking and SME associations, policy advocates, regulators, academia, consulting houses, knowledge aggregators.
Our member, affiliates, and associated stakeholders benefit from learning/replicating best practices from across the world, innovating new products for business growth, acquiring risk mitigation tools, establishing partnerships, attracting investors, and being recognized amongst a peer group of global innovators. Our products consist of “members only” solutions (like innovation hubs, solutions clinics, peer group networks, study tours, specialized tools and trainings, member portal repository, partnered initiatives) as well as public good services (200+ publications library, 500+ videos, webinars, newsletters, trainings, annual awards, annual event etc.)
Discover the SME Finance Forum members/affiliates:
https://www.smefinanceforum.org/members/member-list
https://smefinanceforum.org/about/partners
About Receivables Exchange of India Limited
Receivables Exchange of India Limited (RXIL) TReDS (Trade Receivable Discounting System) platform is an integrated financing platform and a digital marketplace to facilitate MSMEs (Micro, Small and Medium Enterprises) realise their trade receivables from buyers. This unique platform provides a transparent, single window financing of trade receivables from multiple Buyers, coupled with competitive price discovery through auction mechanism from multiple financiers. This multi-financier model provides more liquidity and competitive pricing which benefits the MSMEs. RXIL has processed over 5.4 million invoices till date with an aggregate financing value of over $12.65 Billion, for a registered base of 27,500+ MSMEs. This growth is attributable to an increase in the number of MSMEs opting for TReDS, thus enabling timely availability of financing against their invoices. Execution of the entire process is Digital - From document verification of MSME sellers, validation of KYC (know your customer), CKYC (Central KYC), video KYC, signing of the agreements, Notice of assessment (NoA) and settlement.
Learn more:
Website: https://www.rxil.in/
ICICI Bank, one of the leading private sector banks in India, joins the SME Finance Forum

Washington D.C, June 4, 2024 – ICICI Bank, one of the leading private sector banks in India, has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“SME Finance Forum proudly welcomes a leading bank for MSMEs in India to our network. It is with great pleasure I welcome ICICI Bank to SME Finance Forum which is in line with our strategy of onboarding leading SME banks in emerging markets for impact,” said Qamar Saleem, Head of SME Finance Forum.
ICICI Bank offers a wide range of financial products and services to retail, rural, small and medium enterprises and corporate customers. The Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centres, internet banking and mobile banking. The Bank has a vast network with over 6,520 branches and 17,190 ATMs & cash recycling machines, spread across the country providing convenient access to its services. The Bank’s international presence spans across 14 countries namely US, Canada, UK, Germany, Singapore, UAE, Bahrain, China, Hong Kong, Indonesia, Malaysia, Bangladesh, Nepal and Sri Lanka.
SME Finance Forum: Innovation & Partnership for MSMEs Growth
The SME Finance Forum, backed by G20 and IFC/World Bank, is the leading global network of 300+ members/affiliates operating in 190 countries. Network comprises of SME focused institutions providing and enabling finance and services- banks, non-banks financial institutions, fintech, payment platforms, development institutions, credit guarantee companies, insurers, investment funds, supply chain linked players, banking and SME associations, policy advocates, regulators, academia, consulting houses, knowledge aggregators.
Our member, affiliates, and associated stakeholders benefit from learning/replicating best practices from across the world, innovating new products for business growth, acquiring risk mitigation tools, establishing partnerships, attracting investors, and being recognized amongst a peer group of global innovators. Our products consist of “members only” solutions (like innovation hubs, solutions clinics, peer group networks, study tours, specialized tools and trainings, member portal repository, partnered initiatives) as well as public good services (200+ publications library, 500+ videos, webinars, newsletters, trainings, annual awards, annual event etc.)
Discover the SME Finance Forum members/affiliates:
https://www.smefinanceforum.org/members/member-list
https://smefinanceforum.org/about/partners
About ICICI Bank
ICICI Bank offers a wide range of financial products and services to retail, rural, small and medium enterprises and corporate customers. The Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call centres, internet banking and mobile banking. The Bank has a vast network with over 6,520 branches and 17,190 ATMs & cash recycling machines, spread across the country providing convenient access to its services. The Bank’s international presence spans across 14 countries namely US, Canada, UK, Germany, Singapore, UAE, Bahrain, China, Hong Kong, Indonesia, Malaysia, Bangladesh, Nepal and Sri Lanka.
Learn more: https://www.icicibank.com/
Leader Dialogue Series - Interview with Sucharita Mukherjee - Co-founder & CEO - Kaleidofin

Leader Dialogue Series - Interview with Sandeep Varma – CEO - CGTMSE

Leader Dialogue Series - Interview with Peter Simon - Managing Director - WSBI-ESBG

World Savings and Retail Banking Institute represents the interests of 6,760 savings and retail banks around the world. With assets of some $16 trillion, WSBI member banks serve some 1.7 billion customers in 80 countries. Founded in 1924, the institute focuses on international regulatory issues that affect the industry, on financial education as well as financial sector innovation. WSBI supports the goal of sustainable, inclusive, balanced growth and job creation by all countries around the world. WSBI members commit to retail, regional and responsible banking.
European Savings and Retail Banking Group represents the locally focused European banking sector, helping savings and retail banks in European countries strengthen their unique approach that focuses on service to local communities and SMEs. An advocate for a proportionate approach to banking rules, ESBG members stand committed to further unleashing the promise of sustainable, regional, retail and responsible 21st-century banking.