TReDS platform RXIL Crosses ₹2 Lakh Crore in MSME Invoice Financing, Targets ₹1.25 Lakh Crore in FY26

TReDS platform Receivables Exchange of India Ltd (RXIL), a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has crossed the milestone of ₹2 lakh crore MSME invoice financing.

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.

The growth was driven by strong participation from stakeholders and continued support from the government and regulators, RXIL said in a statement.

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, it said.

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, it said. Greater corporate participation and sustained regulatory support can further unlock the potential of TReDS for millions of small businesses, it said.

Speaking on the occasion, SIDBI CMD and RXIL Chairman Manoj Mittal said 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 the MSME sector through innovative means. We believe this is just a beginning for RXIL and it has a greater role to play in MSME credit space,” he said.

RXIL MD and CEO Ketan Gaikwad said as more corporate and government buyers come on board and financiers deepen their participation, the platform is poised to play an even more pivotal role in building a resilient and inclusive credit ecosystem for India's MSMEs.

“Growth has been quite holistic; we have been increasingly targeting the corporate customers to come to the platform and the government has also been very proactive in bringing measures that promote TReDS,” Gaikwad told ET.

RXIL is a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank and Yes Bank. At the end of May 2025, the four players operating in this space collectively financed bills worth ₹2.38 lakh crore.

“We have set up an internal target to discount bills more than ₹1.25 lakh crore in FY26; we have already crossed ₹24,000 crore in the June quarter,” Gaikwad stated.

“Between the three large TReDS platform you can expect market to grow more than ₹3.5 lakh crore in this fiscal year,” he added.  

(With inputs from PTI.)