How to Register Your Company on TReDS: The Step-by-Step Process

To register on TReDS you choose one of the four RBI-licensed platforms, complete entity registration and KYC, sign the platform master agreement, and onboard your financiers and counterparties — then start transacting. The seller uploads an invoice, the buyer accepts it, financiers bid in an auction, and the winning bid settles to the seller’s account, usually within about 48 hours and without recourse once the buyer accepts. Onboarding is one-time, typically a few working days.

Below is the India-correct process: the platforms, the documents, the order of steps, and the ₹250 crore mandate now pushing thousands of corporates onto TReDS.

In one line: Registering on TReDS means getting your company onboarded to an RBI-regulated digital exchange where approved invoices are auction-financed against the buyer’s credit — so an MSME supplier can be paid in roughly 48 hours, without recourse, at a rate it could never command on its own balance sheet.

First, know where TReDS sits. It is one rail of supply chain finance, not a synonym for it — the others being bank-led and NBFC programmes, which our supply chain finance pillar maps in full. TReDS is the regulated, MSME-seller-only channel; our TReDS landing page and the explainer on how TReDS invoice financing works cover the mechanics. This article is the how-to-register.

Which side are you registering as?

TReDS has three participant types, and your registration path depends on which you are:

• Buyer (anchor) — the large corporate, PSU or government department that owes the invoice. You register so your suppliers can finance receivables raised on you; you accept invoices and pay the financier on the due date.
• Seller (MSME supplier) — the micro, small or medium enterprise that raised the invoice and wants early cash.
• Financier — banks and NBFCs (and, since the 7 June 2023 expansion, all entities eligible to factor under the Factoring Regulation Act, plus insurers as a fourth participant) that bid to fund invoices.

Most companies reading this are registering as a buyer (often because of the mandate, below) or as an MSME seller. The onboarding steps are similar; the documents and the role you play in the transaction differ.

The four RBI-licensed TReDS platforms

Your first decision is which platform, and the honest answer is to register where your counterparties already are — financing only happens once both buyer and seller sit on the same exchange. There are four RBI-authorised live platforms (the old “three platforms” shorthand is out of date):

All four run the same RBI-regulated auction mechanism, so the product is identical; the differences are scale, network and ownership. Many large anchors register on more than one.

The step-by-step registration process

The flow is deliberately simple and almost entirely digital. Onboarding is one-time; everything after step 5 repeats per invoice.

1. Choose your platform(s). Pick by where your key buyers or suppliers already transact. A large anchor onboarding hundreds of vendors may register on two platforms to widen the financier pool.
2. Register the entity and complete KYC. Apply on the platform, submit your company KYC and constitution documents, and complete the platform’s verification. This is the gate that takes the most calendar time if your file is incomplete.
3. Sign the master agreement and set up settlement. Execute the platform’s master/onboarding agreement, register your bank account and mandate for settlement, and complete user/admin setup. MSME sellers confirm their Udyam registration here.
4. Onboard your counterparties and financiers. A buyer maps its vendors onto the platform; a seller links to its buyers. Financiers (banks/NBFCs) are onboarded so they can bid. Nothing can be financed until both sides of an invoice and at least one willing financier are live.
5. Upload the invoice (create a factoring unit). The MSME seller uploads an invoice raised on the buyer, which the platform turns into a “factoring unit” (FU) — the tradable instrument.
6. Buyer acceptance. The buyer logs in and accepts the FU, confirming the amount and due date. This is the pivotal step: acceptance is what converts an ordinary receivable into a near-certain obligation of a strong buyer, and it is the point from which the financing becomes without recourse to the seller.
7. Auction and bidding. Financiers bid to fund the accepted FU. Because they compete and price off the buyer’s credit, the discount rate is auction-discovered — typically in the 6.5%–9% per annum band, never a posted number.
8. Disbursement. The winning financier credits the seller’s account, usually within about 48 hours of acceptance, less the agreed discount.
9. Settlement. On the due date, the buyer pays the full invoice value to the financier. The seller is already out of the picture.

Documents you will need

A clean document file is what compresses onboarding from weeks to days. Broadly, expect to provide:

Exact lists vary slightly by platform; the substance is the same. Sellers should confirm their Udyam registration is current before applying — it is the eligibility gate for the MSME side.

The ₹250 crore mandate — why so many companies are registering now

For larger companies, registering on TReDS is no longer optional. Under the Ministry of MSME notification S.O. 4845(E), dated 7 November 2024, every company registered under the Companies Act, 2013 with turnover above ₹250 crore, together with all Central Public Sector Enterprises (CPSEs), must onboard onto a TReDS platform — with onboarding to have been completed by 31 March 2025. This lowered the threshold from ₹500 crore set by the earlier 2018 notification (S.O. 5621(E)).

The intent is to give MSME suppliers a guaranteed route to early payment and reinforce the 45-day payment discipline that the MSMED Act and Section 43B(h) of the Income Tax Act now make a tax issue, not just a courtesy. If you are a buyer above the threshold, registration is compliance; if you are an MSME supplying such a buyer, your invoices can increasingly be financed by default.

The scale this unlocks is significant against the backdrop of India’s MSME credit gap of roughly ₹20–25 lakh crore (RBI U.K. Sinha Expert Committee on MSME, 2019). TReDS is one of the rails built to close it: system-wide throughput reached approximately ₹2.35 lakh crore in FY25 per platform and press reporting — up sharply year on year, though that figure is a platform-aggregated number, not an RBI statistic.

After registration: making TReDS actually useful

Getting onboarded is the easy part. Whether TReDS becomes working-capital strategy or a tick-box turns on choices registration alone does not make: which platform mix fits your vendor base, whether to run TReDS alongside a bank or NBFC programme for invoices it cannot reach, how to sequence the onboarding of a few hundred vendors, and how your own credit rating drives the discount your suppliers see in the auction. A stronger anchor credit rating lowers the rate financiers bid — a direct line between your rating and your suppliers’ cost of finance. For the wider toolkit, see how supply chain finance works and the vendor finance vs dealer finance decision.

FAQ

How do I register my company on TReDS? Choose one of the four RBI-licensed platforms (RXIL, M1xchange, Invoicemart or C2treds), apply for entity registration, complete KYC and document verification, sign the platform master agreement, and set up your settlement bank mandate. Then onboard your counterparties and financiers. Once both sides of an invoice are live, the seller uploads it, the buyer accepts, financiers bid, and the money settles — usually within about 48 hours.

How long does TReDS registration take? Onboarding is one-time and typically takes a few working days, driven mostly by KYC and document verification. A clean, complete file moves fastest. After onboarding, individual invoices finance routinely — from buyer acceptance to cash in the seller’s account is usually around 24–48 hours, because the auction and disbursement are almost entirely digital.

What documents are needed to register on TReDS? Broadly: company KYC and constitution documents (PAN, incorporation, GST), a board resolution or authorised-signatory proof, bank account details with a settlement mandate, and authorised-user KYC. MSME sellers additionally need a current Udyam registration proving micro, small or medium status. The platform issues the master agreement to sign. Exact lists vary slightly by platform but the substance is consistent.

Is registering on TReDS mandatory? For larger buyers, yes. Under MSME notification S.O. 4845(E) dated 7 November 2024, companies with turnover above ₹250 crore and all CPSEs must onboard onto a TReDS platform, with onboarding due by 31 March 2025 — down from the earlier ₹500 crore threshold. MSME suppliers register voluntarily to get their approved invoices financed early.

Is TReDS financing recourse or non-recourse? Without recourse to the MSME seller once the buyer accepts the invoice. If the buyer fails to pay on the due date, the financier bears the loss, not the supplier. That is the structural difference from a normal overdraft, and the reason the discount is priced off the buyer’s credit rating rather than the small supplier’s — giving the seller institutional liquidity it could never reach standalone.

Registering on TReDS and want it to be working-capital strategy, not a compliance tick-box? See our supply chain finance programmes — channel-agnostic across TReDS, bank and NBFC rails, CA- and ex-banker-led. Part of Finnova’s ₹4,250 Cr+ mobilised across 100+ corporate-finance mandates since 2011.