Did You Know - KredX Over Rs 26 trillion of SME

Did You Know – Over Rs 26 trillion of SME debt demand is not met by formal channels.

Over Rs 26 trillion of SME debt demand is not met by formal channels due to the difficulty in accessing credits. As a result, MSMEs often rely on the informal sector, at interest rates as high as 30%.

Source: http://www.yesfintech.com/data/cms/ifor-report-2018.pdf

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About kredx

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KredX is an invoice discounting marketplace connecting high growth businesses in need of quick working capital with investors looking to grow their money at minimal risk in a short tenure.

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