Is KredX approved by RBI?
It is an RBI regulated trading platform meant to buy and sell receivables on a bidding model under the Payments and Settlement System (PSS) Act 2007. The SME supplier uploads an invoice onto the platform, which is subsequently approved by the buyer.
What does KredX do?
What is KredX? KredX is an online invoice discounting platform where business owners get an opportunity to raise funds for their working capital needs at attractive terms by selling their unpaid invoices raised against blue chip companies while providing investors with a unique alternative short term investment avenue.
How does invoice discounting work?
Invoice discounting enables businesses to gain instant access to cash tied up in unpaid invoices and tap into the value of their sales ledger. It's simple: when you invoice a customer or client, you receive a percentage of the total from the lender, providing your business with a cash flow boost.