KredX Blog KredX Blog
  • HOME
  • PRODUCTS
    logo

    FOR BUSINESS logo

    logo

    FOR INVESTORS logo

    Invoice Discounting

    Unlock money tied up in unpaid invoices

    KNOW MORE

    KredX Pay Later

    A closed loop financing for your dealers/distributors/Retailers

    KNOW MORE

    KredX Cash Management Solutions (CMS)

    Get real-time analytics. Manage disputes. Minimise risks. Get risk-free returns

    KNOW MORE

    KredX Global Trade

    Get Quick Finance To Fund Your Import-Export Requirements

    KNOW MORE

    Invoice Discounting

    Diversify your portfolio with alternative short-term investments

    KNOW MORE
  • PARTNER WITH US

    Business Partner Program

    Accelerate your client’s business growth and get attractive payouts on time

    KNOW MORE

    Financial Advisor Program

    Grow your credibility and clients’ investment portfolio

    KNOW MORE
  • KNOWLEDGE CENTER

    FAQs

    Blog

    Knowledge Base

    Webinars

    Reports

    WhitePapers

    Podcasts

  • COMPANY
  • LOGIN / SIGNUP
  1. Home
  2. KredX
  3. Fintech – Changing India’s Economic Status Quo
 Fintech – Changing India’s Economic Status Quo
KredX Newsletter

Fintech – Changing India’s Economic Status Quo

by KredX Editorial Team December 30, 2019 0 Comment

India is right now in a transition phase of ‘financial development’. Favourable governmental measures and the nation’s statistical profile have reinforced the foundation to expand on the nation’s development story. 

Standing at $2.8 trillion at present, the Indian economy is assessed to join the $5 trillion club by 2024. The push, in fact, is triggered by the burgeoning MSME sector and the latest innovation in the fintech landscape. However, to achieve the five-trillion dollar vision in five years, India’s nominal GDP must grow at 12.4% compounded annually, with an underlying assumption of the rupee-dollar rate remaining stable at around the same level. 

Heading into such a situation, it is safe to say that India’s stride to emerge as a financial behemoth in the upcoming years is driven by the paramount role of Fintech and MSME in creating wealth, increasing prosperity among the populace, thereby achieving inclusive growth. 

Post the exponential rate of embracing digital payments across India, the introduction of economic reforms like UPI, GST, and insolvency and bankruptcy code to build and nurture a transparent, robust, and healthy ecosystem has put fintech companies in the epicentre of driving growth and development in the nation. 

Innovative ideas and products are presumed to be the sole factor in providing growth impetus to the economy and the country as a whole. In economic terms, innovation attributes to the growth and application of ideas and technologies that improve goods and services or rather make production all the more efficient. 

Going Up The Innovation Curve

A key component of attaining the ostentatious dream of becoming an economic powerhouse is to facilitate a holistic ecosystem that fosters ease and access to credit for businesses to thrive and grow, ultimately helping the economy develop. 

Moving in that direction, creating a strong economic foundation that includes industry stakeholders is considered imperative. Fintech organisations, mainly, will play a critical role in joining the bandwagon of potent innovative drivers in encouraging a foundation that provides the right growth impetus for the economy.

KredX – a leading cash flow solutions provider was established with the sole mission to provide liquidity to credit-deficit businesses by using an asset lying idle in their balance sheet – accounts receivable. As a precursor of the fintech revolution, KredX understood that accounts receivable once appropriately bridled, can curb working capital challenges, thus ensuring business growth. Keeping this at the core, the KredX ecosystem was conceived – to ensure a comprehensive cash flow across businesses and investors. 

KredX grew from an invoice discounting company to solving ground-level challenges like early payments technology for corporate treasuries, and CapEx Discounting – a hybrid solution amalgamating the concept of invoice discounting and extended tenures to solve capital expenditure challenges. Today, the KredX suite of products are synonymous to accelerating business growth and providing investors with a one-of-a-kind opportunity to venture into the alternative asset space and generate above-market-returns. 

The Bottomline

Driven by an ambitious agenda of $5T economy, the Indian fintech sector is poised to facilitate the required growth curve upwards. The Indian financial regulators have assisted in creating one of the world’s most stable banking and economic frameworks that have cruised past global emergencies. The Government’s effort in solving the liquidity crisis by stepping in with the bankruptcy law and the Bank Boards department is the stepping stone of empowering the Indian economy.

As we step into 2020, we firmly believe that a solid fintech and MSME sector is key in keeping up India’s growth momentum and accomplishing the objective of becoming a financial powerhouse by 2024. Fintechs and MSMEs have demonstrated flexibility in the past in managing such downturns through innovation. And, considering the current situation, it is going to be interesting to perceive how the story unfolds.

Share This:
Tags: CapEx Discounting financial development fintech Indian economy Invoice discounting KredX MSME Sector newsletter working capital
Previous post
Next post

KredX Editorial Team (Website)

administrator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Enquire now

  • Invalid value

  • Invalid value

  • Invalid value

The Best Of Alternative Investments, Now On Your Phone

Download App:

KredX Blog KredX Blog

Wing ‘A’, Ground Floor, Office-1 Block-‘A’, Salarpuria Softzone, Bellandur Village, Varthur Hobli, Bangalore South Taluk, Outer Ring Road, Bangalore – 560103

+1 212-602-9641

info@example.com

Get More Location

Follow us:

Download app:

Company

Home
About Us
Careers
Contact Us
Our Offices

Resources

Blog
Reports
Whitepapers
Knowledge Base
Podcasts
Webinars

Support

FAQs
Talk To Our Advisor
Chat With Us
Sign Up
Login

Legal

Nodal Officer Name: Amrutha A / Ph: 08061799200, IVR-9 / Email: Amrutha@Kredx.Com
Terms And Conditions
Privacy Policy

Investor Products

Invoice Discounting
Bonds
Digital Gold/Silver
KredX Assured

Business Products

Invoice Discounting
Buy Now Pay Later
KredX Cash Management Solutions
KredX Global Trade

Quick Links

Business Partner Program
Financial Advisor Program
Business Suite
kredx certificateskredx certificateskredx certificateskredx certificates
©2022 Minions Ventures Pvt Ltd