RXIL Financial Technologies Services Ltd (RXIL FinTech) is a wholly-owned subsidiary of Receivables Exchange of India (RXIL). RXIL FinTech operates as a digital platform that offers on-demand working capital solutions, serving as a one-stop platform for businesses to manage their entire spectrum of supply chain finance needs.
RXIL FinTech platform will facilitate digital, and transparent solutions such as Factoring, Reverse Factoring, Invoice Discounting & Early Pay for businesses. It allows businesses to receive their payments within a shorter stipulated period and manage their working capital better.
Early Pay offers a flexible solution benefiting both buyers and sellers. Buyers can make early payments to sellers at discounted rates for the purchase of goods and services, while sellers can get access to working capital for their businesses. Companies with excess cash or unutilized funds can capitalize on this opportunity, improving gross margins. Early Pay presents a risk-averse avenue for optimizing cash flow.
Factoring is an arrangement where a business sells its bills or receivables to a financial institution. This allows the company to quickly get money from invoices that would otherwise remain unpaid. The financier collects payments from buyers on behalf of sellers while giving them immediate working capital. It is the seller who pays interest in this transaction. Factoring helps firms improve their cash flows, optimize working capital management as well as reduce bad debt risks.
Reverse Factoring is a collaborative financial solution where a buyer facilitates early payment of its Sellers' invoices through a third-party financial institution. Under this arrangement, the buyer initiates an early payment, and the financial institution provides funds to the sellers, enabling them to access liquidity swiftly.
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(022) 6903-3000
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701-702, 7th Floor, Lodha Supremus, E Wing,
I-Think Techno Campus, Kanjurmarg East,
Mumbai - 400042
CIN no: U66190MH2023PLC408113