Central Bank of India Partners with C2FO Factoring Solutions for TReDS Business

Central Bank of India has announced a strategic partnership with C2FO Factoring Solutions Pvt. Ltd. to facilitate Trade Receivables Discounting System (TReDS) services for MSMEs across the country. This collaboration marks a significant step toward improving liquidity and financial inclusion for small and medium enterprises. C2FO Factoring Solutions Private Limited, a wholly owned subsidiary of C2FO, has received the permission from the RBI on 04.03.2024 for operating as a TReDS Platform in the Name of C2Treds. Under this partnership, Central Bank of India will leverage the capabilities of C2FO Factoring Solutions Pvt. Ltd., a licensed TReDS platform, branded as C2Treds, to offer seamless invoice discounting services. The move aligns with the Reserve Bank of India’s push to expand digital financing avenues for MSMEs and promote transparent, efficient trade receivables management.