GTX: POWERED BY KREDX

Indian exporters and their importers, Indian importers and their exporters, Indian and foreign financial institutions (Banks, NBFCs, Factoring companies, fund houses) can register themselves on the platform.

Factoring helps exporters get gain immediate liquidity against “accepted invoices from the buyers/importers” as against receiving the funds at the end of the payment period, as per invoice terms. This happens when a financier / factor buys their trade receivables at an agreed cost and disburses a certain percentage of the invoice value to them. Factoring/discounting of accepted invoices, is usually offered on a without recourse to the exporter.

Reverse Factoring is similar to Factoring, only difference being that in reverse factoring, importer approaches the financier / factor for paying the exporter on an immediate basis, on their behalf and the importer pays the Financer/factror at a agreed date in the future and also bears the cost of financing.

No. Currently, the platform is available only for businesses dealing in trade of goods.