July 3, 2025, Mumbai: Receivables Exchange of India Limited (RXIL) – India’s leading Trade Receivables Discounting System (TReDS) platform, a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has successfully enabled MSME Invoice Financing of Rs 2 lakh crore.
Since its inception in 2017, RXIL has witnessed remarkable growth in invoice financing, scaling from ₹2,000 crore annually to over ₹10,000 crore monthly. The RXIL TReDS platform has facilitated financing worth ₹80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600+ postal codes. This remarkable growth has been driven by strong participation from stakeholders and continued support from the Government of India and regulator. By ensuring direct settlement of MSME invoice payments and expanding reach across geographies, RXIL is fostering financial inclusion and enhancing supply chain finance efficiency for corporates, CPSEs, and PSUs.
RXIL TReDS platform is the preferred choice for over 2,500 corporates, CPSEs, and PSUs, and has signed MoUs with the governments of Tamil Nadu, Goa, Maharashtra, Andhra Pradesh, Madhya Pradesh, Haryana, and Gujarat. Regulated by the Reserve Bank of India (RBI), RXIL has enabled MSMEs to access working capital by discounting over 88.5 lakh invoices through a fully digital, infrastructure-backed platform, driving a surge in MSME registrations.
With strong adoption across the ecosystem, RXIL continues to lead in streamlining credit access for MSMEs. Greater corporate participation and sustained regulatory support can further unlock the potential of TReDS for millions of small businesses.
Speaking on the achievement, Mr. Manoj Mittal – Chairman and Managing Director, SIDBI, and Chairman of RXIL, said:
“The delayed payments problem disrupts MSMEs’ supply chain dynamics, restricting cash flow and limiting their ability to expand. The Trade Receivables Discounting System (TReDS) platform, launched by the RBI in 2016, facilitates financing of MSMEs’ trade receivables, providing timely working capital. The recent growth in TReDS transactions shows promise as an alternate source of formal credit for MSMEs. Reaching ₹2 lakh crore in invoice financing by RXIL reflects our commitment towards ensuring credit flow to MSME sector through innovative means. We believe this just a beginning for RXIL and it has a greater role to play in MSME credit space.”
Speaking about the new milestone, Ketan Gaikwad, MD & CEO, RXIL, said:
“Crossing ₹2 lakh crore in invoice financing isn’t just a number, it’s a signal of systemic change. MSMEs today are leveraging digital platforms like RXIL TReDS to break free from traditional credit constraints. With under-24-hour settlements, zero collateral, and transparent bidding, we are reshaping how working capital reaches the grassroots. As more corporate and government buyers come on board and financiers deepen their participation, RXIL is poised to play an even more pivotal role in building a resilient and inclusive credit ecosystem for India’s MSMEs”
Note: RXIL is the first TReDS platform licensed by RBI (in 2016) to operationalize India’s digital invoice discounting ecosystem for MSMEs.
