Bill discounting enables businesses to convert their accounts receivable into ready cash. It involves selling unpaid invoices at a discount to a financier, who then collects the full amount once the invoice matures.
Invoice financing has emerged as a crucial tool for businesses seeking to optimize their cash flow. As the demand for such solutions continues to rise, companies such as KredX are leading the way in delivering tailored financial strategies.
Kredx are nearing the long 2024 festive season and it is the time of the year for businesses across the country to gear up and grab this opportunity to maximize their sales and revenue, especially the Medium and Small Businesses (MSMEs).