Central Bank of India partners with C2FO for TReDS services

Central Bank of India has entered into a strategic partnership with C2FO Factoring Solutions Pvt. Ltd. to offer Trade Receivables Discounting System (TReDS) services to Micro, Small, and Medium Enterprises (MSMEs) across India. This collaboration aims to significantly improve liquidity and financial inclusion within this crucial sector.

The partnership involves C2FO Factoring Solutions Pvt. Ltd., which operates a licensed TReDS platform branded as C2Treds. C2FO, a US-based organization, began operations in 2010 and has expanded internationally. C2FO Factoring Solutions Private Limited received approval from the Reserve Bank of India on March 4, 2024, to function as a TReDS platform under the name C2Treds.

Through this alliance, Central Bank of India will leverage C2FO Factoring Solutions' capabilities to provide seamless invoice discounting services. This initiative aligns with the Reserve Bank of India's broader objective to expand digital financing avenues for MSMEs and foster transparent, efficient trade receivables management.