To help micro, small and medium enterprises (MSMEs) and improve their quality in accessing funds, Axis Bank launched its digital invoice discounting platform, Invoicemart.

Invoicemart is a digital invoice discounting platform created by A.TREDS, a joint venture of Axis Bank, India’s third-largest private bank, and Mjunction Services, one of the largest B2B e-commerce company.

Speaking on the occasion, V.Srinivasan, Deputy Managing Director,Axis Bank, said, “Axis Bank has got a very strong MSME franchise and launching of A-Treds is a reiteration of our commitment to bring cost effective and convenient mode of financing to our MSME customers. I am sure the launching of A-Treds will provide a further impetus for growth for SME customers, a key engine of growth of the Indian economy.”

Kalyan Basu, MD & CEO of Invoicemart, said that the initiative will benefit all the three participants, the Financier, Buyer and the MSME Seller. The encouragement from the Buyer, Seller and Financier community has further strengthened our resolve to make the game changing initiative of TReDS a truly successful venture.

This digital discounting platform focuses more on the smooth growing of small businesses as currently the funds for MSMEs are limited. Invoicemart lets MSMEs unlock working capital without the hassle of applying for loans. This allows small enterprises to maintain their financial health and focus on growing their business.

“Invoicemart can integrate seamlessly with buyers’ existing ERP systems, allowing them to streamline their payments to their vendors. This results in a healthier supply chain and an improved business ecosystem which benefits not only suppliers, but also large buyers,” Invoicemart website reads.