MonetaGo Partners with KredX’s TReDS Platform- DTX to Strengthen Fraud Prevention in Supply Chain Financing
MUMBAI, 25 AUGUST, 2025 - KredX’s RBI-licensed TReDS Platform - DTX and MonetaGo have announced a strategic partnership under which KredX will utilise MonetaGo’s Secure Financing system as a part of their Trade Receivables Discounting System (TReDS) operations, to enhance fraud detection in its domestic and cross-border factoring and lending operations.
KredX, India’s largest supply chain platform, formally joined the RBI-regulated TReDS ecosystem in early January 2025, when it received final regulatory approval from the Reserve Bank of India to commercially launch its TReDS platform, DTX (Domestic Trade Exchange).
This integration of DTX 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.
“At KredX, our vision is to make supply chain finance simple, fast, and reliable for businesses. Our RBI-licensed platform, DTX, is built on the core principle that security is non-negotiable. The modern supply chain is a complex web of transactions, and it's a prime target for cyber risks, including fraud and duplicate financing,” said Anurag Jain, Founder & Executive Director, KredX. “By partnering with MonetaGo, we are integrating their Secure Financing system into our platform. This provides a crucial layer of real-time validation to prevent fraud, ensuring the integrity of every invoice. The collaboration is a vital step in our commitment to creating a trustworthy and resilient supply chain finance ecosystem."
India’s TReDS platform achieved a record total transaction value of USD $23.6 billion in the most recent financial year, reflecting a compound annual growth rate of 134% since its inception in 2018.
“In less than a decade, India’s invoice discounting ecosystem has evolved into a robust driver of SME growth, delivering safer and more efficient access to finance,” said Kalyan Basu, Managing Director – India, MonetaGo. “We welcome KredX to the TReDS network and look forward to working together to strengthen secure lending across the market.”
“The adoption of MonetaGo’s system within our growing user community marks an important step forward in our work to mitigate risk and protect the integrity of trade finance through real-time fraud prevention,” said Neil Shonhard, CEO of MonetaGo.
With the RBI license for its TReDS platform, DTX, KredX has become one of the very few entities to be licensed by both the Reserve Bank of India (RBI) and the International Financial Services Centres Authority (IFSCA). KredX’s other platform, Global Trade Exchange, is an innovative and fully digital international trade finance exchange licensed under the IFSCA that addresses the financing needs of Indian businesses involved in global trade.
About KredX
KredX is India’s leading integrated supply chain finance platform, and among the very few entities licensed by both the Reserve Bank of India (RBI) and the International Financial Services Centres Authority (IFSCA). With this dual regulatory backing, KredX offers end-to-end working capital solutions across both domestic (TReDS) and cross-border (global factoring) transactions, serving MSME suppliers as well as large corporate anchors. Being a pioneer in supply chain financing for a decade, KredX has been enabling businesses to unlock working capital and optimise cash flows through a full stack of digital finance solutions for modern supply chains. With platforms like DTX (Domestic Trade Exchange), GTX (Global Trade Exchange), and CMS (AI-powered Cash Management Solutions). Backed by marquee investors including Tiger Global, Sequoia Capital India, and Prime Venture Partners, KredX is at the forefront of building future-ready, tech-led financial infrastructure for B2B supply chain ecosystems.
To know more, visit KredX’s Domestic Trade Exchange (DTX) site: https://www.dtxindia.in/
About MonetaGo
MonetaGo is a provider of best-in-class fraud detection and prevention solutions. Its Secure Financing system 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
For further information, please contact:
Shriya Dey
PR and Branding
KredX
+91 9686111558
shriya.dey@kredx.com
Matt Stapleton
Global Head, Marketing Communications
MonetaGo
matt@monetago.com