TREDX

31/12/2023

Happy New Year 2024! 🎁🚀🤔

Wishing you a happy and prosperous year ahead.🚀🚀

22/12/2023

We wish you a joyous holiday season, robust health, prosperity, peace and happiness in this christmas. 🎁🎉💝🔔✝️

15/12/2023

16/10/2023

TREDX is through timely interventions of Bangladesh Bank (central Bank of Bangladesh) and efforts have been undertaken to support MSMEs. Bangladesh Bank-The Central Bank of Bangladesh in the last couple of years has come up with various initiatives such as refinance scheme for SMEs and CSMEs, JICA assisted UBSP, pre finance facility under SREUP to name a few, I feel it is our duty as bankers and citizens of this country to find innovative ways where we can fund the serious business and build checks to keep out the non-serious players.

The concept of TREDX was inspired by NAFIN which was established in Mexico to ensure timely payments to MSMEs. And TReDS which was established in India. In Mexico and India, it was made mandatory for all the corporates to register on the platform and ensure that MSME payments were routed through it.

The transaction process on TREDX is called factoring/reverse factoring, it is a financial transaction and a type of finance in which a business sells its accounts receivable/payables (i.e., invoices) to a third party (called a factor) at a discount.💱🧾

As per the BB guidelines the platform needs to onboard the buyer, which is a large corporate and the corporate then refers its suppliers. Once the buyers and suppliers are on board the process of factoring or reverse factoring can start with uploading of the invoices by any of the parties. The uploaded invoice becomes a factoring unit and is available for auction. The financer with the lowest bid gets to discount it and the money gets credited to the suppliers within 48 hours.🧾✅🤝

11/10/2023

Bangladesh Bank (central Bank of Bangladesh)

14/09/2023

TREDX Bangladesh's first online digital bill auction platform, has signed an agreement with the Bengal Commercial Bank Ltd. recently. Bill discounting is now much easier and more accessible for in Bangladesh.🎉🎉🎉🎉

Discount your bill from Platform . .

Bankers Club of Bangladesh Ltd.

07/09/2023

🚀Unlock the Benefits of Factoring! 💼💰

Is waiting for customers to pay their invoices putting a strain on your business's cash flow? 📆 Say goodbye to that waiting game and hello to financial freedom with Factoring!

Here's how it works:

📝Transform Invoices into Capital. Your business no longer needs to wait for those credit terms to be met. 📊 Just take your trade documents, like invoices, bills, delivery orders, and more, and leverage the power of Factoring, often referred to as "selling invoices." Turn your trade documents into cash quickly to boost your working capital. 📈

But how can you make the most of Factoring with TREDX ? 💼

✅ No need for collateral or guarantees.
✅ Get up to 90% of your invoice value in advance.*
✅ Rapid cash disbursement within 24 hours.
✅ Approval in as little as same business day.*
✅ The flexibility to increase your funding as your sales grow.

And here's an exclusive perk for TREDX customers!✨
🆓 Credit checks on your debtors before using our services.
🆓 Access to our real-time e-Portal for data verification.

If you're ready to explore the world of Factoring, click here to apply! ✍️Factoring Application


Got questions or need advice? 📞 Feel free to reach out to us at 01730-015160 from Sunday to Thursday 10.00 AM to 5.0O PM. We're here to help! 🤝

(*Terms and conditions apply as per company policy.)

20/08/2023

TREDX is an electronic bill/invoice auction platform regulated by Bangladesh Bank framework and to provide MSME suppliers instant payments for outstanding trade receivables.

TREDX bill/invoice auction platform took off to a great start, showing significant growth in invoice discounting. Over time, Bangladesh Bank has been strengthening the TREDX ecosystem and encouraging all participants, in turn, to support small businesses to meet their working capital requirements through the digital ecosystem.

However, we need to increase the purview of the TREDX platform to boost the receivables market for MSME suppliers in Bangladesh. Banks and NBFIs, corporates and MSME suppliers are needs under the umbrella to enhance the liquidity on the platform as well as the reach and impact.

17/08/2023

ACI Godrej Agrovet Private Limited now a part of the TREDX family. We're on a mission to empower ' to unlock their working capital locked in unpaid invoices.

The suppliers on the platform will now get money immediately on invoice approval and will no longer need to take loan in their name from Bank’s /FI's. This is the way Bangladesh Bank-The Central Bank of Bangladesh is trying to provide to all SMEs' in Bangladesh.

Bankers Club of Bangladesh Ltd.

09/08/2023

Daraz Online Shopping now a part of the TREDX family. We're on a mission to empower SMEs' to unlock their working capital locked in unpaid invoices.

The suppliers on the platform will now get money immediately on invoice approval and will no longer need to take loan in their name from Bank’s /FI's. This is the way Bangladesh Bank-The Central Bank of Bangladesh is trying to provide to all SMEs' in Bangladesh.

Foundation

28/07/2023

✅✅ TREDX -How it works ♻️♻️

A seller has to upload the invoice on the platform. It then goes to the buyer for acceptance. Once the buyer accepts, the invoice becomes a Factoring Unit (FU). The factoring unit then goes for auction.

The financiers then enter their discounting (interest) rate. The seller or buyer, whoever is bearing the interest (financing) cost, gets to accept the final bid.

The amount gets credited the next working day into the seller’s designated bank account through an electronic payment mode.

The second leg of the settlement is when the buyer makes the repayment and the amount is repaid to the financier.

Thats the Beauty of supply chain finance. Its easy & simple and secured!!✅✅

✅✅♻️♻️