5 platforms for MSMEs to finance their unpaid invoices or bills

Sep 22, 2023

Girish Khurana

Invoice discounting is a financial arrangement where a business sells its unpaid invoices to a lender at a discount for immediate cash flow

Here are the five platforms for it:

RXIL

Receivables Exchange of India Limited (RXIL), is a TReDS platform that supplies working capital to MSMEs, promoting economic development. From invoice discounting to factoring, it bridges the gap between buyers, sellers, and financiers in a seamless process

M1xchange

M1xchange is India's leading RBI-licensed TReDS platform that started in 2017, connecting corporates & MSMEs to Banks/NBFCs. It is a fast & secure digital marketplace to sell receivables to financiers to facilitate bill discounting

Invoicemart

Invoicemart, a joint venture between Axis Bank and mjunction services, is a digital platform which connects MSME suppliers and corporate buyers to multiple financiers. It enables sellers to sell their invoices to financiers, thus unlocking working capital quickly. Invoicemart is a Trade Receivables Discounting System (TReDS) platform

KredX

KredX's invoice discounting platform allows manufacturing businesses to raise quick working capital against their unpaid invoices. Business gets benefited with quick access to funds, thereby enabling growth

Indifi

Businesses on Indifi can avail Invoice discounting line up to Rs 1 crore, with up to 90 per cent of the invoice value paid upfront, and easy repayment when the buyer pays

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