Receivables Exchange of India Ltd (RXIL)

Receivables Exchange of India Ltd (RXIL) is a finance startup in India, founded in 2016, with a mission to reimagine trade financing. It is a joint venture promoted by Small Industries Development Bank of India (SIDBI), the apex institution for the promotion and financing of MSMEs, and the National Stock Exchange of India Limited (NSE). RXIL operates the Trade Receivables Discounting System (TReDS) Platform in line with the TReDS guideline issued by RBI on December 3, 2014. This innovative platform aims to address the financing needs of MSMEs and streamline the trade receivables discounting process.

With its unique positioning and focus on the critical area of trade finance, RXIL presents an exciting opportunity for investors interested in the financial services industry in India. As the startup continues to gain traction and build its market presence, it could be a compelling prospect for venture capital firms seeking to tap into the potential of India's MSME sector. As the company navigates the evolving financial landscape in India, its progress warrants close observation for potential investment opportunities.