Sat. Dec 14th, 2019

Welcome to The Times of Bengal

মানুষের সাথে , মানুষের পাশে

Invoicemart, an Axis Bank-backed TReDS platform,surpasses Rs. 5,000 cr worth of invoices

Invoicemart, a market-leading, digital invoice
discounting TReDS(Trade Receivable Discounting System) platform, has
recordedRs. 5106 crore in financed throughput as on 31 st October 2019 since the
launch of the platform in July 2017.
Since inception, over 3.45 lakh invoices have been discounted and settled on the
platform with nil delinquencies, and the companyhas on-boarded over 3200MSMEs
of which 88% are micro and small enterprises.
Invoicemart is a digital platform that connects MSMEsellers and their corporate
buyers to multiple financiers.Thisplatform enables sellers to sell their invoices to
financiers, thus unlocking working capital quickly, without impacting their relationship
with buyers.
Commenting on this milestone, Rajiv Anand, Chairman,A.TReDs said, “Axis Bank
has a strong focus on the MSME segment and at Invoicemart, we firmly believe that
this model has a huge potential in providing working capital finance forthe MSMEs of
our country. This milestone of surpassing Rs. 5000 crore worth of invoice financing
on our platform, is a testament of our belief in the long term success of this model.
We look forward to continue contributing towards the growth of MSMEs with
innovative financing solutions”

Leave a Reply

Your email address will not be published. Required fields are marked *


Copyright Protected By Ullash Media & Productions|| Site Maintained By The Times Of Bengal