Receivables Exchange of India Ltd (RXIL) operates a digital platform called TReDS, which facilitates the financing of trade receivables for Micro, Small, and Medium Enterprises (MSMEs). The platform uses an auction mechanism to provide competitive pricing from multiple financiers, improving liquidity for MSMEs. RXIL's target audience is MSMEs supplying goods to large corporates. The unique selling proposition is its transparent, multi-financier model that offers timely and collateral-free financing based on the creditworthiness of buyers, enhancing cash flow management for MSMEs[1][2][3].