KredX Signs MoU With MSME Ministry To Boost Digital Credit Access via Udyam Data

ENA MSME 2025-07-02 14:53:04 New Delhi, July 2 (KNN) KredX, one of Indias leading integrated supply chain finance platforms, has signed a Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises (MoMSME), marking a major step toward strengthening digital financial inclusion for the countrys MSME sector. The agreement centres around KredXs RBI-licensed Trade Receivables Discounting System (TReDS) platform, Domestic Trade Exchange (DTX), and enables secure, two-way integration with the Ministrys Udyam registration database. The MoU establishes a framework for real-time, API-driven data exchange that will streamline the onboarding of MSMEs onto the DTX platform. By leveraging authenticated Udyam data, the collaboration aims to improve registration accuracy, reduce procedural friction, and expand access to KredXs suite of digital supply chain finance solutions. This includes early payment options, accounts payable and receivable financing, and automated cash flow management. Calling the agreement a pivotal move, KredX Founder and CEO Manish Kumar said, Access to real-time Udyam registration data via this two-way API will revolutionise our onboarding process. It allows us to deliver faster, more data-driven financing solutions to Indias vital MSME sector. The initiative is expected to accelerate credit access for small businesses, enabling them to unlock working capital and improve operational efficiency. It also reinforces the government's vision to modernise MSMEs and integrate them into a digitally connected financial ecosystem. KredXs DTX platform will benefit from enriched data analytics, allowing it to tailor financial services to a broader MSME base across India. With over 3,000 enterprises and 100,000 MSMEs already onboarded, and more than Rs 550 billion in invoices processed, KredX continues to scale its impact through platforms like DTX (Domestic Trade Exchange), GTX (Global Trade Exchange), and AI-powered Cash Management Solutions (CMS). Backed by investors such as Tiger Global, Sequoia Capital India, and Prime Venture Partners, KredX is positioning itself at the forefront of building a resilient, tech-driven financial infrastructure for Indias modern B2B supply chains. (KNN Bureau) 42657 https://knnindia.co.in/news/newsdetails/msme/kredx-signs-mou-with-msme-ministry-to-boost-digital-credit-access-via-udyam-data 2025-07-02 14:53:04 knnindia.co.in KredX Signs MoU With MSME Ministry To Boost Digital Credit Access via Udyam Data