{"id":11542,"date":"2023-06-12T18:31:09","date_gmt":"2023-06-12T13:01:09","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=11542"},"modified":"2023-06-30T16:23:54","modified_gmt":"2023-06-30T10:53:54","slug":"best-invoice-discounting-platforms-in-india","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/best-invoice-discounting-platforms-in-india\/","title":{"rendered":"12 Best Invoice Discounting Platforms in India","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Managing your finances is an essential part of running a successful business, and invoice discounting can be an invaluable tool to achieve it.<\/span><\/p>\n In India, there are plenty of investment opportunities available right now, but investing in invoice discounts has grown in popularity among everyday investors due to its numerous advantages.<\/span><\/p>\n Invoice discounting is when a business can sell an unpaid invoice for part of its value. Before the business gets the money, the lender checks its risk based on various factors, but mostly on how trustworthy the companies are that owe money for the invoices. <\/span><\/p>\n After the assessment, the finance provider will offer terms that state how much money the business will get and the fee for providing the discounting service.<\/span><\/p>\n The market is saturated with companies that offer invoice discounting, giving business owners a platform to sell and retail investors the opportunity to purchase invoices created by reliable businesses. With this, businesses can get access to working capital through unpaid invoices that have been issued to creditworthy companies.\u00a0<\/span><\/p>\n Further, the cost associated with it is reasonable, and investors can immediately receive a return on investment when they purchase the outstanding invoices at a set rate of interest. In India, invoice discounting has become a popular financing option for businesses as it can provide immediate cash flow compared to a traditional bank loan.<\/span><\/p>\n Therefore, I have researched a list of the 12 best invoice discounting platform to help you choose one as per your requirements. Let’s take a look at them one by one.<\/span><\/p>\n <\/p>\n If you’re searching for a low-risk, high-reward financial opportunity that can be accomplished within one to three months, KredX is worth exploring. <\/span><\/p>\n Not only does it provide an entirely online experience, but it also enables you to diversify your investments across various sectors with unpaid invoices from different industries.\u00a0<\/span><\/p>\n Features<\/b>:<\/span><\/p>\n <\/p>\n Looking for a reliable solution to address the impediments of working capital that MSMEs face? Invoicemart has got your back. It’s an electronic Trade Receivables Discounting System (TReDS) platform jointly established by Axis Bank and mjunction services, providing hassle-free access to financing channels to save time, money, and energy.\u00a0<\/span><\/p>\n Invoicemart has been operational since July 2017, providing MSMEs with an online platform to discount their receivables. It is only accessible by Banks, NBFCs, HUFs, Sole Proprietorships and Public or Private Limited Companies. Unfortunately, retail investors are not able to access the service as this portal was developed specifically for the use of MSME’s – no one else!<\/span><\/p>\n Features:<\/b><\/p>\n <\/p>\n RXIL, a joint venture between SIDBI and NSE to facilitate financing for MSMEs in India, launched TReDs- an RBI-regulated platform. This was the<\/span> first institution<\/b> to be approved by RBI to operate such a system that has revolutionized financing for Banks, NBFCs, corporate, private limited companies, as well as other businesses authorized by RBI.\u00a0<\/span><\/p>\n Features:<\/b><\/p>\n <\/p>\n M1xchange is a marketplace where you can sell unpaid sales invoices to banks and other financial institutions. Not only does this provide a convenient platform for sellers, but also gives them access to secure and reliable financing options.<\/span><\/p>\n The Settlement and Payment Act of 2007 established the revolutionary portal, M1xchange. This platform enables traders across India’s small and medium-scale enterprises to sell bills and discount invoices. Major participants on this exchange include various micro, small & medium enterprises (MSMEs), corporations, public sector units, government agencies, banks as well as Non-Banking Financial Corporations (NBFCs).<\/span><\/p>\n Features:<\/b><\/p>\n <\/p>\n Priority Vendor is a revolutionary cloud-based platform that utilizes Artificial Intelligence to cut costs and bills. This exclusive system can only be accessed through an invitation sent directly from Priority Vendor for businesses who have met their qualifications.<\/span><\/p>\n Priority Vendor has formed partnerships with renowned companies, such as Godrej Consumer goods, TVS, Dabur, and Whirlpool – just to name a few!\u00a0<\/span><\/p>\n Features:<\/b><\/p>\n <\/p>\n The Falcon Group in India is a prominent P2P invoice discounting platform, linking investors to reliable companies for loans with no default risk.<\/span><\/p>\n By eliminating the need for intermediaries, such as commercial banks and depository institutions, they provide higher returns than traditional banking methods while still providing necessary liquidity. <\/span><\/p>\n This ensures investors can access borrowers without any hassle or worry of potential defaults.<\/span><\/p>\n Features:<\/b><\/p>\n <\/p>\n TradeCred is a marketplace where regular investors can invest in invoice discounting. The mechanism enables businesses to raise short-term financing from investors in a straightforward manner. It provides a better rate of return than stocks and FDs while being less risky. The site includes an easy-to-use layout, and only a Google form is required to create an account.\u00a0<\/span><\/p>\n TradeCred employs stringent security procedures and verifies whether the organization placing the order is creditworthy or not. There is also less risk because it is available to all individual investors. As a result, it’s a great option for anyone looking to participate in the invoice discounting sector.<\/span><\/p>\n Features<\/b>:<\/span><\/p>\n <\/p>\n FlexiLoans takes the role of a lender rather than a facilitator. With their lending product, Flexi Vendor Financing, SMEs can easily get discounted bills. This platform provides quick working capital solutions with an approval process that takes less than 72 hours.<\/span><\/p>\n To decrease its risks, the company requires that applicants have been in business for a minimum of one year, with annual revenue amounting to INR 20 lakh and profits totaling more than INR 5 lakh. Furthermore, companies must also be registered as suppliers of blue-chip corporations.<\/span><\/p>\n Features<\/b>:<\/span><\/p>\n <\/p>\n Invoice Trades is a tech-enabled platform that aims to increase cash flow for operational needs, speed up expansions, and maintain the highest level of secrecy. <\/span><\/p>\n At Invoice Trades, they are committed to increasing the value of your portfolio at better rates via offering a range of convenient invoice discounting advantages and invoice financing options with a low amount of risk.<\/span><\/p>\n Features<\/b>:<\/span><\/p>\n <\/p>\n Clear Invoice Discounting is an intuitive and powerful platform that helps businesses manage their cash flow more effectively. By leveraging the latest advances in AI and Machine Learning technology, enterprises can easily apply for discounts when invoicing their suppliers, resulting in faster payments and improved inventory control.<\/span><\/p>\n When it comes to obtaining early payments from suppliers, buyers can now upload invoices directly onto any TReDs marketplace backed by the Clear Invoice Discounting platform instead of utilizing their surplus cash or applying for a line of credit from banks. This ensures buyers have full control over the payment decisions and higher liquidity at reduced costs.\u00a0<\/span><\/p>\n Features<\/b>:<\/span><\/p>\n <\/p>\n UpScale by CredAble is an advanced AI and tech platform that matches you with trustworthy lenders, ensuring you receive competitive interest rates. <\/span><\/p>\n With one simple application process that requires no paperwork, you can apply for an impressive 30+ lenders \u2013 all without having to leave your seat! What’s more? <\/span><\/p>\n Y<\/span>ou’ll also benefit from their fast approval and disbursement times (within two business days)!<\/span><\/p>\n Features:<\/b><\/p>\n <\/p>\n Finworks360, a Northern Lights Ventures Private Limited unit, is among India’s top online business finance solutions providers.<\/span><\/p>\n Finworks360 facilitates contact between sellers and investors and offers credit appraisals and checks for businesses operating in the country. It stands apart from any other receivables marketplace available as it provides more comprehensive services that lend reliability to your venture.<\/span><\/p>\n Finworks360 is an ISO-certified platform that has successfully earned both ISO 9001:2015 (Quality Management System) and ISO 27001:2013 (Information Security Management System). <\/span><\/p>\n To distinguish itself from other receivables marketplaces, finworks360.com focuses on the recovery of accounts receivables along with structuring programs. Furthermore, they give investors- Individuals\/Corporations\/Banks\/NBFCs- a unique option to exit early through its secondary marketplace module.<\/span><\/p>\n Features<\/b>:<\/span><\/p>\n Invoice discounting is an effective tool for companies to access working capital and increase liquidity. <\/span><\/p>\nWhat is Invoice Discounting?<\/span><\/h3>\n
KredX<\/b><\/a><\/h2>\n
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Invoicemart<\/b><\/a><\/h2>\n
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RXIL<\/b><\/a><\/h2>\n
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M1 Xchange<\/b><\/a><\/h2>\n
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Priority Vendor<\/b><\/a><\/h2>\n
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Falcon Group<\/b><\/a><\/h2>\n
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TradeCred<\/b><\/a>\u00a0<\/b><\/h2>\n
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Flexiloans<\/b><\/a><\/h2>\n
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InvoiceTrades<\/b><\/a><\/h2>\n
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Clear Invoice Discounting<\/b><\/a><\/h2>\n
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UpScale<\/b><\/a>\u00a0<\/b><\/h2>\n
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Finworks360<\/b><\/a><\/h2>\n
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