Bank of India (BOI) has entered into a partnership with C2treds, a digital trade receivables platform owned by C2FO, to enhance access to faster and technology-led financing for micro, small and medium enterprises (MSMEs).
The collaboration enables Bank of India to extend working capital support to MSMEs through the Trade Receivables Discounting System (TReDS), helping businesses address cash flow constraints caused by delayed payments. By leveraging the C2treds platform, MSMEs can now discount their approved invoices through a transparent digital auction mechanism.
The agreement was signed by Ravi Shankar, General Manager, Bank of India, and Neha Bahadur, Managing Director, C2treds, in the presence of Rajneesh Karnatak, Managing Director and Chief Executive Officer, Bank of India, along with other senior officials from both organisations.
Through this partnership, MSMEs will be able to receive funds within 24 hours of invoice approval, significantly reducing the waiting period traditionally associated with receivables. The model allows businesses to unlock liquidity without the need for collateral, as financing is based on confirmed invoices from corporate buyers.
The initiative is expected to improve liquidity across the MSME ecosystem, enabling small businesses to manage operational expenses such as payroll and raw material procurement more efficiently. It also promotes stronger linkages between large corporates and their supplier networks, contributing to a more resilient and transparent business environment.
With this move, Bank of India aims to expand its digital lending footprint while supporting the MSME sector, which remains a critical driver of economic growth and employment in India.
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