Top 12 Invoice Discounting Platforms In India In 2025

Do you want to unlock cash tied in open invoices? Invoice discounting platforms are a smart way for companies to access fast working capital – without waiting weeks or months for customers to pay. These platforms connect companies with investors or financial institutions that are willing to buy outstanding invoices at a reduced price, and offer rapid liquidity when needed most.

With improved cash flow, companies can safely manage daily operations, take growth opportunities and fulfill short-term financial obligations without any disturbance.

What makes these platforms even more attractive is their flexibility. You decide which invoices to convert to immediate cash – do not need to discount the entire main book. And since this is not a traditional loan, the balance remains free of extra debt.

By bridging the payment gap without chasing clients for early payments, invoice discounting platforms offer a trouble-free financing solution that will keep your business going forward.

But in order to really make the most of these benefits, it is important to choose the right platform. That is why we have rounded off the top invoice discounting platforms in India for 2025 – so you can find the best possible fit for your business needs.

At a Glance: India’s Top Invoice Discounting Platforms (2025)

Platform Name	Key Offering	Special Highlights
KredX	Invoice marketplace	Sell invoices raised on blue-chip companies to investors
M1xchange	Online invoice discounting & factoring	TReDS platform offering trade receivables discounting
Invoicemart	Trade Receivables Discounting System	Designed to solve MSME credit challenges
Clear	Vendor Invoice Discounting & Early Payments	Boost EBITDA by paying vendors early
Invoice Trades	Invoice discounting investment platform	MCA and MSME certified; secure & safe investments
Credlix	Collateral-free invoice financing	Fast access to working capital for unpaid invoices
Indifi	Digital lending with invoice discounting	Supports fast business growth for SMEs
Cashflo	B2B invoice discounting platform	Improves working capital and supplier payment cycles
Oxyzo	Invoice financing	Quick working capital access from unpaid invoices
Vivriti Capital	Debt financing & invoice discounting	Serves mid-market enterprises in India
Drip Capital	Digital trade finance	Exporter-focused, no-collateral invoice discounting
RXIL (Receivables Exchange of India Ltd)	TReDS platform	Government-licensed, MSME-friendly solution

Detailed Breakdown of Top Invoice Discounting Platforms in 2025

1) KredX – Unlock Working Capital Faster with India’s Leading Invoice Discounting Marketplace

KredX is one of India’s foremost invoice discounting platforms, and offers a secure and efficient marketplace where companies can unlock cash bound in unpaid invoices. By connecting companies with investors, it enables businesses to sell invoices that are raised on blue chip customers and access immediate working capital-without waiting for the typical 30-90 days of payment cycles.

Key Offerings

• Discount invoices raised on reputable companies
• Fast, paperless on board and transactions
• Competitive discount rates through a robust investor network

What Sets KredX Apart

• Rely on over 23,000 businesses and investors
• AI-driven risk assessment for investor safety
• Enables businesses to fulfill wages, manage inventory and fund growth initiatives in time

Whether you are an MSME who needs immediate liquidity or an investor looking for low -risky short -term investment opportunities,  KredX bridges both worlds with transparency and speed.

2) M1xchange – A Leading TReDS Platform for Invoice Discounting

M1xchange is one of India’s foremost digital platforms that facilitates invoice discounting through the Trade Receivables Discounting System (TReDS) framework, regulated by RBI. It connects MSMEs, large companies and financiers (banks and NBFC) in a seamless ecosystem, so that companies can get early payments against their unpaid invoices.

With its focus on financial inclusion and liquidity management, M1xchange helps companies unlock working capital without adding debt to the balance sheet. The whole process is paperless, transparent and completed with just a few clicks.

Key Offerings

• End-to-end digital invoice discounting
• Early payment from several financiers via competing bids
• RBI-Regulated Treds platform that ensures trust and compliance
  

Special Highlights

• Trusted by 15,000+ MSMEs and corporates
• Reduces claims bikes drastically
• Strengthens vendor conditions through faster payouts
• Fast on board and tracking dashboards in real time

Whether you are a small company looking for liquidity or a company that wants to support your suppliers, M1xchange delivers a robust, technically activated solution to streamline the cash flow.

3) Invoicemart – Empowering MSMEs through Seamless Invoice Discounting

Invoicemart is a leading TReDS (Trade Receivables Discounting System) platform in India, designed to bridge the credit gap for MSMEs. Supported by industry giants such as Axis Bank and Mjunction make Invoicemart small businesses to convert their unpaid invoices to immediate work capital by connecting them to multiple financiers in a transparent and digital ecosystem.

Key Offering: Digital invoice discounting for MSMEs via TReDS

Special Highlights

• RBI-licensed platform under the TReDS initiative
• Quick settlement of receivables from large corporates and PSUs
• Multiple financiers competing to offer the best rates
• Completely paperless and secure transactions

Invoicemart revolutionizes how Indian MSMEs control the cash flow and helps them grow without waiting endlessly on payments.

4) Clear (formerly ClearTax)

Key Offering: Invoice Discounting via TReDS and MSME-focused credit solutions

Special Highlights

Clear provides a seamless digital platform for companies, especially MSME, to access working capital by discounting unpaid invoices. Through its integration with TReDS (Trade Receivables Discounting System), Clear Seller makes early payment from buyers without collateral, which improves the cash flow. Its automated workflow, transparent processes and easy removal make it a reliable name in the fintech ecosystem.

Why Choose Clear

• RBI-approved TReDS participant
• Fast invoice approval and funding cycle
• Focus on MSMEs and small business credit needs
• Trusted by thousands of Indian businesses

5) Invoice Trades – Turning Unpaid Invoices into Instant Cash Flow

Invoice Trades redefines how Indian small and medium -sized businesses and companies unlock liquidity. As a top level invoice discounting platform, invoice trading connects businesses with institutional investors and financiers, which enables seamless, technically-powered financing against unpaid invoices.

What distinguishes invoices acts from each other is its AI-driven risk analysis, transparent bidding process and a non-collateral approach that allows suppliers to access capital in just 48 hours. It’s not just a platform – it’s a digital marketplace that removes the bottleneck for traditional funding.

Whether you are an MSME who is struggling with payment delays or a large buyer who wants to optimize supplier relationships, invoice trade brings simplicity, speed and security into the cash flow equation.

Why it stands out

• Strong focus on MSME empowerment
• Smart tech for risk assessment and funding match
• Direct access to multiple financiers via one platform
• No hidden charges and complete process transparency

6) Credlix: Fueling Export Growth with Smart Invoice Financing

Credlix is ​​a name that is hard to miss. Supported by Moglix, a global B2B trade giant, Credlix has quickly cut a niche by solving one of the biggest pain points for exporters – the cash flow delays.

Why Credlix Stands Out in 2025

• Export -focused financing: Unlike traditional discounting platforms, tailor Credlix offers the offers to Indian exporters, making international trade smoother and faster.
• Lightning fast payments: Funds are paid within 24-48 hours, and help companies stay agile and competitive.
• Security-free credit: Forget the nightmare in the papers-Credlix offers unsecured credit lines based on the invoice value and buyer’s credibility.
• Global Buyer Network: Integrated with a wide range of international buyers, improvement of trust and faster payments.
• Technical-driven process: From on board to payout, everything is digital-with real-time tracking and smart credit risk analysis.

Who’s it for? MSMEs and export-driven enterprises looking for quick, reliable, and tech-enabled working capital solutions.

Pro Tip: If you’re an exporter tired of chasing international payments, Credlix can be your game-changer in 2025.

7) Indifi – Empower MSMEs with Invoice Discounting

Indifi has become a name for MSME all over India who wants to unlock working capital without drowning in debt. Through their user-friendly platform, companies can obtain funds by discounting unpaid invoices-to try to be even cash flow while waiting for client payments.

What sets Indifi apart? It is their strong network of lenders, lightning fast approval process and minimal paperwork. From logistics and retail to travel and e-commerce, a wide range of industries is addressed.

Why Choose Indifi?

• Fast disbursal
• Data-driven credit evaluation
• Zero collateral
• Seamless digital process

Whether you’re a startup or a growing business, Indifi helps you turn receivables into working capital within 24–72 hours.

8) Cashflo – Powering Working Capital, One Invoice at a Time

Cashflo stands out as a true disruptor. Supported by Kalaari Capital, this Mumbai-based Fintech platform offers a dynamic invoice discounting market that connects large companies with its suppliers-driven smooth, early payments.

What makes Cashflo unique?

• Enterprise-first approach: Designed especially for large companies and the entire supply chains.
• Automated discounting: Running Auto-offering and dynamic discount programs-noise manual chase.
• Real-time analysis: Track early payment trends, working capital gains and adoption of suppliers in one place.
• Simple ERP integration: Works seamlessly with Tally, SAP, Oracle, and more.

Ideal for: Large enterprises looking to optimize their payables and vendors needing early access to working capital without loans.

Why we love it: Cashflo isn’t just offering liquidity—it’s creating a culture of financial empowerment across India’s B2B ecosystem.

9) Oxyzo – Fast, Flexible & Future-Ready Invoice Financing

Oxyzo has quickly become a front runner in India’s invoice discounting and working capital. What makes Oxyzo stand out? It is the perfect mix of technology and trust. Oxyzo is supported by data -driven underwriting and lightning fast payments, and transforms how Indian small and medium -sized businesses build their cash flow gaps together.

Why Oxyzo?

• Superfast Approvals: Funds in as little as 48 hours.
• Zero Hidden Charges: Transparent pricing, no nasty surprises.
• Customized Financing: Tailored solutions for manufacturers, traders, and service providers.
• Solid Backing: Backed by OfBusiness, with strong industry networks and credibility.

Fun Fact: In 2022, Oxyzo turned unicorn — proof of the growing demand for smarter B2B lending solutions.

Whether you’re a growing SME or a large enterprise, Oxyzo ensures your unpaid invoices turn into working capital in no time — so your business never slows down.

10) Vivriti Capital – Powering Growth with Smart Invoice Financing

Vivriti Capital has quickly carved out a name for itself as a modern economic power house focusing on bridging India’s mid -market financing gap. The technical-driven approach to invoice order stands out for a simple reason: it works for real businesses ready to scale, but often overlooked by traditional lenders.

Why Vivriti Capital Makes the List:

• Tailored Financing Solutions: Vivriti doesn’t believe in one-size-fits-all. Their platform evaluates invoices based on business potential—not just balance sheets—making it ideal for growing SMEs and mid-corporates.
  
• Fast, Flexible Access to Funds: Get working capital by unlocking unpaid invoices without the red tape. Vivriti ensures faster turnaround and higher approval rates.
  
• Credit Intelligence Meets Tech: Backed by cutting-edge analytics and risk assessment, Vivriti pairs businesses with the right investors and NBFCs via their network.

Perfect For: Mid-sized companies with strong customer relationships who need working capital without diluting equity or pledging hard collateral.

11) Drip Capital – Fueling Global Trade with Smart Invoice Financing

Drip Capital has carved a niche as a go-to invoice discounting platform for exporters and SMEs who want to unlock working capital without the traditional problems with security. With its AI-driven risk assessment and seamless onboarding, Drip provides over 5000+ exporters across India to scale globally.

What makes Drip stand out?

Collateral-free funding of up to $2.5 million per client
Fast approvals – most cases processed within 24–72 hours
Global reach, especially strong in US, Middle East, and LATAM markets
Trade-focused features like credit insurance, buyer verification, and integrated logistics visibility

Whether you’re an SME exporting textiles from Tiruppur or electronics from Noida, Drip Capital helps convert unpaid invoices into immediate cash — fueling your business when you need it most.

Pro Tip: Ideal for B2B exporters looking to eliminate the cash flow gap without adding debt to their books.

12) RXIL (Receivables Exchange of India Ltd) 

Trusted. Transparent. Trailblazing. That’s RXIL for you. Backed by the National Stock Exchange (NSE) and SIDBI, RXIL was the first TReDS (Trade Receivables Discounting System) platform in India—and it’s still leading the pack in 2025. RXIL bridges the gap between MSMEs and liquidity by allowing them to sell their unpaid invoices to financiers, including banks and NBFCs, in real-time.

What makes RXIL stand out?

• Regulated by RBI under the TReDS mechanism
• Zero collateral required
• Competitive bidding ensures better rates for MSMEs
• Trusted by big corporates and thousands of MSMEs

Why we love it:

RXIL brings structure, credibility, and scale to invoice discounting. With a smooth digital interface and transparent auction process, MSMEs can get paid in as little as 24-48 hours—no more waiting months for customer payments.

Perfect for: MSMEs working with blue-chip buyers, corporates looking to support vendors, and financiers seeking verified receivables.

Which Invoice Discounting Platform Is the Best Fit for You?

The “best” invoice discounting platform varies based on a business’s unique requirements and goals. Key factors to evaluate include business size, invoice type, funding speed, platform fees, and the quality of customer support offered.

Future of Invoice Discounting in India: Trends to Watch in 2025

Invoice discounting is no longer just an economic tool – it quickly becomes a lifeline for thousands of Indian MSMEs that navigate the cash flow gaps. And as technology continues to develop, the future of this room looks incredibly promising.

With so many great platforms available in 2025, it’s easy to ask: “Which one should I choose?” Here’s a quick guide to help you choose the ideal platform—tailored to your business type, financial goals, and cash flow requirements.

Pro Tip: Compare discounting rates, platform fees, and onboarding time before you commit.

Smarter Credit with AI & ML

Artificial intelligence and machine learning are prepared to redefine how invoice discounting works. These advanced technologies can provide smarter, faster credit evaluations – especially for small companies that have traditionally struggled with access to financing. By analyzing huge amounts of data, AI-driven systems can make lending decisions more precise and inclusive.

Faster, Cheaper, and More Accessible

With automation in play, the process of invoice discounting is getting leaner and more efficient. No more long waits or paperwork—just quick access to capital when businesses need it most.

MSMEs Need Better Access to Working Capital

Did you know that nearly 78% of Indian MSMEs still struggle to secure sufficient working capital for daily operations? That’s a massive gap—and a golden opportunity for new-age discounting platforms to step up and deliver smarter solutions.

The Road Ahead for Platforms

For any platform aiming to stand out in the Indian market in 2025 and beyond, seamless financial operations are key. This means building solid partnerships with reliable payment and KYC solution providers to ensure smooth transactions, compliance, and user trust.