TReDS platforms financed invoices worth Rs 75,788 crore in August and September, marking a 36% jump from last year. Small businesses used these platforms to get working capital for the festive season. RBI data showed that many firms turned to these services to fund inventory purchases and manage their daily needs.
The five platforms operating under the Trade Receivables Discounting System (TReDS) financed invoices worth Rs 75,788 crore in August and September, a 36% increase from Rs 55,549 crore in the same months last year, according to RBI data.
Bengaluru: Invoice discounting platforms regulated by the Reserve Bank of India (RBI) recorded a jump in financing activity this festive season, as small and medium businesses turned to them to fund inventory purchases and other working capital needs.The five platforms operating under the Trade Receivables Discounting System (TReDS) financed invoices worth Rs 75,788 crore in August and September, a 36% increase from Rs 55,549 crore in the same