Bank of Baroda Partners with Invoicemart as a TReDS Partner

Posted on:18 Jan 2018 11:42:11
Bank of Baroda Partners with Invoicemart as a TReDS Partner
18 January 2018 Current Affairs: Digital invoice discounting marketplace - Invoicemart has tied up with state-run lender Bank of Baroda to discount invoices for MSMEs.

Buyers and sellers registered in the marketplace will now be able to access funding from Bank of Baroda.

Invoicemart is a joint venture between Axis Bank Ltd and junction services ltd. Bank of Baroda had recently announced that it was stepping up its focus on supply chain financing.

TReDS is an online mechanism that helps MSMEs unlock working capital without the hassle of applying for loans.

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