KredX, Tradewind Supply Chain Finance Team

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Indian supply chain finance platform KredX is working with Tradewind Finance to help finance international businesses, exports and imports, the companies announced Friday, June 3.

KredX has previously revealed its “in-principle” approval by the International Financial Services Centers Authority (IFSCA) to provide a platform for Indian companies to transact and raise finance for exports and imports.

This will help KredX expand its expertise in providing financing solutions to its customers. The Tradewind partnership would provide more “transparent, competitive and reliable” financing options for Indian companies looking to do business internationally.

KredX will also assist Tradewind with firmographies and business intelligence, the statement said, strengthening lenders’ relationships with Indian exporters.

Manish Kumar, CEO of KredX, said the collaboration will enable the company to “empower businesses and open up new avenues of growth not just in India but internationally.”

“Given our large customer base and significant business in India, we are confident that this partnership will help us better serve our customers and tap into the underserved export and import finance market in the country,” he said. -he declares. “We are targeting growth of more than 1000% in the main corridors of the United States, Europe, the Middle East and the rest of Asia.”

KredX recently entered into other partnerships, including one with ICICI Bank focused on creating a new commercial card for B2B payments.

Read more: KredX and ICICI Bank in India to launch commercial cashback card for B2B payments

The ICICI Bank-KredX Commercial Card will allow businesses to collect instant financial rewards for B2B payments without any fees.

The card is intended to ease the complexities of the payment network and provide a “single-view dashboard” to facilitate payment transactions and management interface, which can help businesses make more efficient choices. The cashback offer will complement B2B payments for businesses.

KredX said it plans to distribute up to 20 billion Indian rupees in B2B supplier payments per month, or $260 million.

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