KredX, India’s largest supply chain finance platform, today announced a collaboration with Tradewind Finance, a global financial solutions company, to corroborate enhanced export and supply chain financing solutions for business corporates, as part of its efforts to empower businesses with fast digital and affordable access to liquidity.
By leveraging KredX’s platform and both firms’ financing capabilities, this collaboration will focus on offering financing to KredX’s customers for their international operations, exports and imports, at competitive rates.
IFSCA gave KredX “in-principle” approval to create a platform for Indian enterprises to trade and raise funding for their exports and imports in November 2021.
This enables KredX to build on its expertise in providing a world-class transaction platform by providing financing options to its existing customers as well as new ones. KredX will be able to provide Indian corporates a transparent, competitive, and dependable finance option for their foreign operations as a result of its relationship with Tradewind, as well as other planned collaborations.
Tradewind Finance, headquartered in Germany with a presence in India, will support the domestic financing needs of Tradewinds customers in India, as well as provide firmographics and business intelligence on the Indian market, strengthening the German and Indian lenders’ association with Indian exporters.Tradewind Finance, headquartered in Germany with a presence in India, provides liquidity to enterprises trading internationally and in multiple currencies.
The company’s focus on cross-border financing, as well as its strong global buyer and supplier portfolio, will provide Indian firms with the cash flow resources they need to expand abroad and trade more efficiently. Indian corporations would be able to execute higher numbers of transactions thanks to Tradewind’s competitive pricing and scalable funding.
“We are really happy about our association with Tradewind Finance on such an important effort,” Manish Kumar, CEO and Founder of KredX, said of the collaboration. Collaborating with a globally known organization like Tradewind, which has expertise and experience in allowing global trade finance, would enable us to further empower businesses and up new growth possibilities not just within India, but globally.
“Given our large customer base and significant business in India we are certain that this partnership will help us serve our customers better and tap into the underserviced export and import financing market in the country. We are aiming for a growth of 1000% plus across the major corridors of the United States, Europe, Middle East and the rest of Asia.”
“We are excited to collaborate with KredX and make cross-border financing more accessible to Indian businesses. Tradewind is deeply invested in India and we are delighted that our services will help SMEs take center stage in the global marketplace.
We are certain that this partnership will be rewarding to both the companies and help achieve the larger goal of ensuring quick access to finance to SMEs on both domestic and international front,”Soheil Zali, Tradewind’s Regional Commercial Director for West and South Asia, comments.