Resources | Dynamic Discounting | October 4, 2022

C2FO India Gets an In-principle Approval From RBI to Operate a TReDs Platform

RBI has issued an in-principle authorisation to C2FO Factoring Solutions Private Limited to set up and operate Trade Receivables Discounting (TReDS) in India.

c2fo team members collaborating around a table in a conference room

New Delhi, Oct 6: C2FO, a global leader in working capital solutions, is happy to announce that the Reserve Bank of India has given in-principle approval to C2FO Factoring Solutions Private Limited to set up and operate a Trade Receivable Discounting Systems (TReDS) platform in India.

MSMEs form the backbone of India’s economy, with a contribution of over 30% of the country’s GDP and an employment potential of more than 110 million jobs (Ministry of MSME Annual report 2020-21). While MSMEs are critical to India becoming a $5 trillion economy, a majority of them continue to struggle for survival, mainly due to a lack of timely and affordable access to credit facilities. To address the credit challenges faced by the MSME sector in India, the RBI launched TReDS in July 2014. TReDS is an electronic platform for facilitating financing/discounting of trade receivables of MSMEs through multiple financiers. Currently, there are three operating TReDS platforms in India.

C2FO is newest entity to be authorised by RBI

C2FO Factoring Solutions Pvt. Ltd. is the newest entity to be authorised by RBI to set up a TReDS platform. C2FO is a global financial technology platform that runs the world’s largest marketplace for working capital. C2FO serves over 10 Lakh businesses representing $10.5 trillion in annual sales (Aprx. INR 8,30,000 Crores) spread across more than 160 countries. India is one of the largest and fastest-growing markets for C2FO where the platform serves over 2 Lakh businesses, many of which are MSMEs.

“C2FO’s mission is to provide working capital to every business that needs it. We express heartfelt gratitude and thanks to the Reserve Bank of India, Ministry of MSME, our customers, investors, India and global teams, and the many well-wishers and stakeholders who have supported us over the years. We look forward to using this opportunity to unlock value for MSMEs and contribute to India’s rapid economic growth.”

Basant Kaur

Managing Director and COO, C2FO India

C2FO is uniquely positioned to provide India MSMEs with timely and affordable access to credit due to the company’s deep understanding of supply chain ecosystems across multiple industries, world-class technology standards and successful experience in operating one of the largest B2B fintech platforms. In India, C2FO will aim to bridge the credit gaps for millions of MSMEs in India.

Speaking on the occasion, Basant Kaur, Managing Director and COO, C2FO India said “C2FO’s mission is to provide working capital to every business that needs it. We express heartfelt gratitude and thanks to the Reserve Bank of India, Ministry of MSME, our customers, investors, India and global teams, and the many well-wishers and stakeholders who have supported us over the years. We look forward to using this opportunity to unlock value for MSMEs and contribute to India’s rapid economic growth.”

About C2FO

C2FO is the world’s largest platform for working capital. We serve over 1 million businesses representing $10.5 trillion in annual sales across more than 160 countries. Our online platform connects more than $110 billion of daily accounts payable and accounts receivable. Whether you need working capital or have excess working capital, Name Your Rate®, and the C2FO platform will match your request in seconds. You can accelerate AP or AR on demand, providing you, your customers and your suppliers greater control over cash flow. You can also utilize AR financing and other data-driven funding options.

C2FO is working capital, working for everyone. Our mission is to deliver a future where every company in the world has the capital needed to thrive.

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