Union Bank of India Signs MoU with C2FO for TReDS Platform to Boost MSME Liquidity

31 January 2026 : Union Bank of India has signed a Memorandum of Understanding (MoU) with C2FO Factoring Solutions Private Limited, the operator of the TReDS platform under the brand name C2tReds.
This Union Bank of India TReDS partnership aims to improve access to working capital for MSMEs and ensure faster payments across the trade ecosystem.

Focus on MSMEs and Corporate Liquidity

Through this collaboration, Union Bank of India will offer receivables financing solutions on the C2tReds digital platform.
As a result, MSMEs will gain quicker access to funds. At the same time, corporates will get a smooth, transparent, and digital system to pay vendors.

Moreover, the partnership will strengthen the bank’s role in the TReDS ecosystem. It will also support India’s broader goal of MSME growth and financial inclusion.

Senior Leadership Present at MoU Signing

The MoU was signed by senior officials from both organizations.

From Union Bank of India, the event was attended by:

• Abhijeet Basak, Chief General Manager, Large Corporate Vertical
• Prasad Ramaswamy, Head – Corporate Relations & Transaction Banking
• Siddharth Mujumdar, General Manager
• Biju Surendran, Deputy General Manager
• Nagabhushan, Deputy General Manager

From C2FO Factoring Solutions Private Limited, the attendees included:

• Neha Bahadur, Managing Director
• Newton D’Souza, Associate Director – Financial Institutions
• Ninad Bhoir, Senior Manager – Financial Institutions Operations

Strengthening Digital Banking and Inclusive Growth

Speaking on the occasion, Abhijeet Basak said the Union Bank of India TReDS partnership aligns with the bank’s strategy to promote digital banking, inclusive growth, and risk-calibrated credit delivery.
He added that such fintech collaborations help expand timely credit to deserving businesses.

C2tReds Sees Scalable Growth Opportunity

Neha Bahadur, Managing Director of C2tReds, said the partnership reinforces the shared goal of empowering MSMEs through timely working capital access.
She also noted that the collaboration will help C2tReds scale faster as a trusted and reliable TReDS platform.

A Step Forward in Fintech Collaboration

With this MoU, Union Bank of India continues its journey toward customer-focused and innovative financial solutions.
The Union Bank of India TReDS partnership marks another key milestone in leveraging fintech to support MSMEs, improve cash flows, and build a stronger digital trade finance ecosystem in India.

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