KredX GTX, regulated by IFSCA, offers Export financing to Indian corporates engaged in global trade.
Export factoring is a financing arrangement in which an exporter sells its accounts receivable, or invoices, to a financial institution, known as a factor. The factor pays the exporter a percentage of the face value of the invoices upfront, typically 70-90%, and then collects payment from the importer on the due date. Once the importer pays the invoice, the factor remits the remaining balance, minus a fee, to the exporter.
Export factoring can provide a number of benefits to exporters, including improved cash flow, reduced credit risk, and access to financing without the need for collateral. Additionally, factors typically provide services such as credit checks, collection, and accounts receivable management, which can help exporters streamline their operations and focus on their core business activities.