Axis Bank backed online platform for financing Micro, Small & Medium Enterprises (MSMEs) has clocked 3,000 invoices worth more than Rs 100 crore within first 100 days of operations. The platform’s maiden transaction was completed on July 10, 2017.
Invoicemart, a digital invoice discounting TReDS (Trade Receivable Discounting System) platform, was launched in July by A.TREDS, a joint venture of Axis Bank and B2B e-commerce company mjunction services.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
