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RXIL Crosses Rs 2 Trillion in MSME Invoice Financing

2025-07-04

Receivables Exchange of India Ltd (RXIL), a leading TReDS platform backed by SIDBI and the National Stock Exchange, has surpassed Rs 2 trillion in cumulative invoice financing for micro, small, and medium enterprises (MSMEs). This milestone underscores the growing reliance on formal, tech-driven credit solutions within India’s MSME ecosystem.

In FY2024–25 alone, RXIL facilitated invoice financing worth Rs 805 billion, with over 44,000 MSMEs registered across 1,600 postal codes. Since inception, the platform has enabled the discounting of over 8.85 million invoices.

RXIL’s stakeholders include major banks such as the State Bank of India, ICICI Bank, and Yes Bank, and it operates under the regulation of the Reserve Bank of India. By facilitating direct settlement of receivables, the platform supports improved working capital access and more robust supply chain financing for corporates, CPSEs, and PSUs.

SIDBI CMD and RXIL Chairman Manoj Mittal said the Rs 2 trillion milestone affirms RXIL’s mission to ease MSME credit access through digital innovation. RXIL MD and CEO Ketan Gaikwad added that increasing participation from corporates, financiers, and government buyers positions the platform for further expansion and deeper financial inclusion.