MonetaGo Global Fraud Prevention Technology Utilised as C2treds marks First Year of Operations on India’s TReDS"
MUMBAI, June 30, 2025 - C2treds has completed its inaugural year of operations on India’s Trade Receivables Discounting System (TReDS), marking a significant step in scaling secure receivables financing. TReDS, integrated with the MonetaGo Secure Financing system, enables real-time validation to mitigate the risk of duplicate invoice financing and strengthen the integrity of trade finance workflows.
C2treds, a wholly owned subsidiary of C2FO, the world’s leading on-demand working capital platform, received Reserve Bank of India (RBI) approval to commence operations under the Trade Receivables Discounting System (TReDS) in April 2024. A brainchild of the RBI, TReDS enables Indian micro small and medium enterprises (MSMEs) to obtain financing for their trade receivables for their sales to large Indian corporate customers.
India’s TReDS total transaction value throughput has again seen significant growth, posting a record USD$23.6B in the most recent financial year. This represents a 134% CAGR year on year since its inception in 2018.
“The first year success of C2treds is a testament to the principles we endeavoured to achieve in setting out to revolutionise the trade financing landscape in India by delivering an unparalleled experience on our platform, with a paramount focus on security”, said Neha Bahadur, GM & Head of Business at C2treds. The critical layer of fraud prevention provided by MonetaGo’s technology enabled us to transact with confidence.”
Since 2018, MonetaGo has been providing the TReDS platforms the service of deduplication, which allows the exchanges to identify whether an invoice has already been financed, whilst preserving customer confidentiality.
Kalyan Basu, Managing Director India at MonetaGo, said “Congratulations to the C2treds team on their first-year success in TReDS operations. The year-on-year growth of TReDS is testament to the vital role fraud detection and prevention plays in supporting the Indian trade and receivables markets.”
Basu, with over 5 decades of experience and expertise in the Indian banking and finance industry, has been a key voice and supporter of the receivables and invoice discounting market, including TReDS, to better safeguard data and provide duplicate financing checks in a privacy-preserving manner.
“The continued expansion and adoption of the MonetaGo system underlines the significant progress made in delivering on our commitments to reduce risks in trade finance through the detection and prevention of fraud,” said Neil Shonhard, CEO of MonetaGo.
C2treds is the most recent platform approved by the Reserve Bank of India to offer the TReDS service.
About C2treds & C2FO
C2treds is an RBI-approved TReDS platform by C2FO, the world's on-demand working capital platform. We understand the pivotal role Indian MSMEs play in India's growth story. They create 30% of the country's jobs yet face critical challenges such as restrictive debt cycles, high interest rates, and delayed payments all of which impede business cash flow. With around 50,000+ Indian MSMEs as part of C2FO’s India network C2treds is poised to overcome these barriers for a significant number of MSME’s.
C2FO is the world’s on-demand working capital platform, providing businesses with fast, flexible and equitable access to low-cost capital. C2FO enables trust and transparency in working capital finance through its suite of solutions using patented Name Your Rate® technology that enables companies to be paid sooner by the world’s largest enterprises. Currently serving hundreds of thousands of business customers globally, the platform has delivered more than $400 billion in risk-free capital since its inception. Founded in 2008 and headquartered in Kansas City, USA, with offices around the globe, C2FO’s mission is to ensure every business has the capital needed to thrive. To learn more about C2FO, the world’s market for working capital®, visit C2FO.com.
About MonetaGo
MonetaGo is a provider of best-in-class fraud detection and prevention solutions. Its Secure Financing systems enables banks, traditional financiers, non-bank financial institutions, fintechs, and trade finance funds to check for duplication and authentication of financing requests linked to invoices, bills of lading, air waybills, warehouse receipts, purchase orders, and other trade-related documents.
Since entering full production in 2018, Secure Financing has processed millions of transactions and prevents billions in fraud losses. The system has been integrated into Swift's API-enabled infrastructure as the first third-party service on Swift, providing its member institutions with an important tool to combat duplicate financing fraud in trade and supply chain finance. Secure Financing is available to all financiers globally via Swift, API, web-based UI and partners.
MonetaGo and its Secure Financing system have won numerous accolades including Fraud Prevention Solution of the Year at the Asia Risk Awards 2024, Most Innovative Technology Vendor of the Year at BCR Publishing’s RFIx24 Awards, Best Tradetech-Compliance & Risk at the TFG Trade, Treasury & Payments Awards 2023, Best Fintech in Trade at the GTR Leaders in Trade Awards 2023, Best Fintech Startup in Trade at the GTR Leaders in Trade Awards 2022, Best Solution in Trade Finance at the AMTD DigFin Innovation Awards during the Hong Kong Fintech Week 2021 and Most Effective Bank-Fintech Partnership at the IBS Intelligence Global Fintech Innovation Awards 2021. For further information, please visit www.monetago.com