Bank Of India Partners C2treds To Boost MSME Receivable Financing On TReDS

Mumbai, Dec 24 (KNN) Bank of India has entered into a strategic partnership with C2treds, a subsidiary of global working capital solutions provider C2FO, to strengthen digital receivable financing for MSMEs through the Trade Receivables Discounting System (TReDS).

Focus on Improving MSME Liquidity

The collaboration is aimed at easing liquidity constraints faced by MSMEs by enabling seamless, technology-driven receivables financing on the TReDS platform. 

By onboarding on C2treds, Bank of India seeks to enhance access to timely working capital for small businesses and improve cash flow efficiency across supply chains.

MoU Signing and Key Participants

The memorandum of understanding (MoU) was signed by Ravi Shankar, General Manager (DLD), Bank of India, and Neha Bahadur, Managing Director, C2treds.

Strengthening the TReDS Ecosystem

The partnership is expected to contribute to the broader TReDS ecosystem by leveraging digital platforms to connect MSMEs, corporate buyers and financiers more efficiently. 

Bank of India said the initiative aligns with its focus on using technology-enabled trade finance solutions to support MSME growth and improve access to formal credit.

Industry observers note that increased participation by public sector banks on TReDS platforms could help deepen market liquidity and accelerate invoice discounting adoption among MSMEs.

(KNN Bureau)