Central Bank of India has announced a strategic partnership with C2FO Factoring Solutions to facilitate Trade Receivables Discounting System (TReDS) services for MSMEs across the country. This collaboration marks a significant step toward improving liquidity and financial inclusion for small and medium enterprises.
C2Treds, the platform of C2FO Factoring Solutions, a wholly owned subsidiary of C2FO. C2FO is a US based organization which commenced its business in 2010 and expanded its activities to several countries.
C2FO Factoring Solutions, has received the permission from the RBI on 04 March 2024 for operating as a TReDS Platform in the Name of C2Treds.
Under this partnership, Central Bank of India will leverage the capabilities of C2FO Factoring Solutions, a licensed TReDS platform, branded as C2Treds, to offer seamless invoice discounting services. The move aligns with the Reserve Bank of India's push to expand digital financing avenues for MSMEs and promote transparent, efficient trade receivables management.