Supply & Value Chain Finance

Supply Chain Financing (SCF) is becoming an increasingly common vertical within the banking industry. The global credit crisis of 2008 forced trade finance seekers to look for alternatives as liquidity in supply chains became a major concern for businesses. This spurred an increased demand for supply chain financing as businesses worked to maintain liquidity and their competitive edge. This report describes the general ecosystem for SCF, summarizes the best practices that financial institutions should adopt as they seek to enter the supply chain financing market and takes and attempt at quantifying the potential SCF market in Pakistan.

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/