<h1>Invoice discounting platform using TReDS to onboard more MSMEs, speeding receivable payments and unlocking working capital</h1> A digital invoice-discounting platform with a Trade Receivables Electronic Discounting System (TReDS) framework plans to onboard more MSMEs to address working capital needs by facilitating sale of trade receivables to banks and NBFCs through competitive bidding. Operating under central bank oversight since regulatory approval in 2017, the platform hosts dozens of banks and thousands of corporates, charges nominal transaction fees, and reports substantial monthly and cumulative volumes of discounted bills. The service shortens receivable payment cycles (up to 180 days), supports MSME cash flow management, and has significant state-level penetration and projected growth in MSME credit.