KredX’s TReDS Platform- DTX partners with MonetaGo to strengthen fraud prevention in Supply Chain Financing
KredX’s RBI-licensed TReDS Platform - DTX and MonetaGo have announced a strategic partnership under which KredX will utilise MonetaGo’s Secure Financing system.
MUMBAI, 25 AUGUST, 2025- KredX’s RBI-licensed TReDS Platform - DTX and MonetaGo have announced a strategic partnership under which KredX will utilise MonetaGo’s Secure Financing system as a part of their Trade Receivables Discounting System (TReDS) operations, to enhance fraud detection in its domestic and cross-border factoring and lending operations.
KredX, India’s largest supply chain platform, formally joined the RBI-regulated TReDS ecosystem in early January 2025, when it received final regulatory approval from the Reserve Bank of India to commercially launch its TReDS platform, DTX (Domestic Trade Exchange).
This integration of DTX with the MonetaGo Secure Financing system enables real-time validation to mitigate the risk of duplicate invoice financing and strengthen the integrity of trade finance workflows.
“At KredX, our vision is to make supply chain finance simple, fast, and reliable for businesses. Our RBI-licensed platform, DTX, is built on the core principle that security is non-negotiable. The modern supply chain is a complex web of transactions, and it's a prime target for cyber risks, including fraud and duplicate financing,” said Anurag Jain, Founder & Executive Director, KredX. “By partnering with MonetaGo, we are integrating their Secure Financing system into our platform. This provides a crucial layer of real-time validation to prevent fraud, ensuring the integrity of every invoice. The collaboration is a vital step in our commitment to creating a trustworthy and resilient supply chain finance ecosystem."
India’s TReDS platform achieved a record total transaction value of USD $23.6 billion in the most recent financial year, reflecting a compound annual growth rate of 134% since its inception in 2018.
“In less than a decade, India’s invoice discounting ecosystem has evolved into a robust driver of SME growth, delivering safer and more efficient access to finance,” said Kalyan Basu, Managing Director – India, MonetaGo. “We welcome KredX to the TReDS network and look forward to working together to strengthen secure lending across the market.”
“The adoption of MonetaGo’s system within our growing user community marks an important step forward in our work to mitigate risk and protect the integrity of trade finance through real-time fraud prevention,” said Neil Shonhard, CEO of MonetaGo.
With the RBI license for its TReDS platform, DTX, KredX has become one of the very few entities to be licensed by both the Reserve Bank of India (RBI) and the International Financial Services Centres Authority (IFSCA). KredX’s other platform, Global Trade Exchange, is an innovative and fully digital international trade finance exchange licensed under the IFSCA that addresses the financing needs of Indian businesses involved in global trade.
