Invoicemart, India’s largest Trade Receivables Discounting System (TReDS) platform, proudly announces a monumental achievement in the fintech landscape. The platform has successfully enabled MSME Invoice Financing totaling an impressive INR 1 lakh crores. This has solidified its position as a leader in supply chain financing and redefined the future of financial services.
Empowering MSMEs Through Innovative Financing Solutions
Invoicemart has experienced remarkable growth in invoice financing volumes since FY23, boasting over 28,000 registered MSMEs across 5,000+ postal codes. The platform facilitates monthly financing exceeding INR 5000 crores, fostering financial inclusion and enabling MSMEs to access liquidity for growth and expansion.
Streamlining Payment Processes and Driving Financial Inclusion
In alignment with RBI directives, Invoicemart has introduced Direct Settlement of MSME invoice payments via TReDS, streamlining payment processes for Corporates, CPSEs, PSUs, and other entities. Additionally, strategic partnerships with State Governments and municipal corporations have enhanced payment mechanisms, promoting financial inclusion and economic development at the grassroots level.
Also read: MSME Loan Originations Surge Amid Economic Growth
Fostering Digital Transformation and Accelerating MSME Registrations
Invoicemart’s digital initiatives have catalyzed a surge in MSME registrations, surpassing 1,000 over the last two months. The platform’s intuitive interface and transparent bidding mechanism empower MSMEs with seamless access to credit, driving digital transformation and empowering entrepreneurs across the country.
Prakash Sankaran, MD & CEO of Invoicemart, emphasizes the platform’s pivotal role in fostering collaboration between Corporate and Government Buyers and financial institutions. With cutting-edge technology and unwavering commitment to customer service, Invoicemart continues to spearhead innovation, drive inclusive growth, and unlock opportunities for MSMEs in India’s dynamic business landscape.
About Invoicemart
Invoicemart, operated by A. TReDS Ltd, a joint venture between Axis Bank Ltd and mjunction Services Ltd, revolutionizes MSME financing by connecting Sellers with Corporate Buyers and multiple Financiers through a transparent bidding mechanism. The platform facilitates invoice discounting at competitive market rates, empowering MSMEs and driving economic prosperity.