In a significant development, C2FO, the world’s on-demand working capital platform, announced that its TReDS platform, named C2treds has gone live with India’s largest bank State Bank of India (SBI) and Dabur India Ltd. among the inaugural participants on the platform.
This milestone follows the recent approval received by C2FO’s wholly owned subsidiary, C2FO Factoring Solutions Private Ltd, “from the Reserve Bank of India, to operationalise the TReDS platform.”