What credore does

Credore, operated by Trustless Private Limited (CIN U72900PN2020PTC190756), is a Pune-headquartered fintech that builds a blockchain-based electronic trade documentation and financial supply chain management platform for cross-border commerce. Its product surface spans paperless trade finance, invoice discounting, non-recourse export factoring with credit insurance integration, process automation, smart contract execution, and digital document exchange covering electronic bills of lading, electronic Payment Undertakings (ePU), and digital bills of exchange. The technical architecture combines EVM-compatible public blockchain, W3C Verifiable Credentials for entity authentication, and a proprietary zero-knowledge proof module called zkCredore that verifies off-chain trade logic without exposing sensitive data. The platform is PEPPOL-compatible for e-Invoicing and aligned with GLEIF and ICC-DSI standards for legal entity identification and harmonised trade documentation.

Credore serves three customer segments: banks and financial institutions (primary), suppliers/MSMEs, and corporates. Use cases include MSME invoice discounting without credit history, non-recourse export financing for textile and goods exporters, and corporate invoice deduplication and supplier payment workflows. Revenue is generated through transaction-based fees on invoice discounting, export factoring, and bank-side invoice processing; commercial engagement is enterprise, demo-driven, and quote-based with no public pricing. The company has a 7–10 person team operating from Pune and Bhubaneswar, has received grant and incubator support from MEITY, STPI Gurgaon, KIIT TBI, Padup Ventures, and Vinners, and holds the distinction of being the first globally deemed approved electronic Bill of Lading platform under UNCITRAL MLETR, as certified by the Institute for Global Policy.

Name

credore

Legal name

Trustless Private Limited

Website

https://credore.xyz

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Credore is a Pune-based fintech building a blockchain-based electronic trade documentation platform that delivers paperless trade finance, invoice discounting, and non-recourse export factoring for banks, MSMEs, and corporates.

Ownership category

akta.pro rank

Product category

Blockchain Trade Finance Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Trade Finance & Receivables Tokenization (FSADAEAG)

akta.pro secondary industry

Trade Finance & Supply Chain Tokenization (invoices, bills of lading, provenance) (FSAPAIAK)

Keywords

• Blockchain trade finance
• Electronic bill of lading
• Invoice discounting platform
• Export factoring services
• Paperless trade documentation

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Invoice Discounting & Export Factoring Fees: Credere facilitates invoice discounting and export factoring for suppliers/MSMEs, earning transaction-based fees on each financed invoice. This is the primary revenue stream, enabling MSMEs to access working capital by discounting receivables.
2. Invoice Processing Services for Banks: Provides banks and financial institutions with streamlined invoice processing, enhancing efficiency and reducing costs, with fees tied to volume of processed invoices and improved lending revenue.
3. Corporate Platform Services: Provides corporates with a blockchain platform for transaction trust, transparency, security, and traceability, likely through subscription or per-transaction fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Credore operates a blockchain-based electronic trade document platform that digitizes international trade finance processes. Its core offerings include paperless trade finance, invoice discounting, export factoring, smart contract execution, and digital exchange of electronic bills of lading, electronic payment undertakings, and digital bills of exchange, targeted at banks, corporates, exporters, and MSMEs.

Product overview

Credore is a blockchain-powered fintech platform for financial supply chain management in international trade. The unified platform combines paperless trade finance, invoice discounting, export factoring (with PEPPOL standard e-Invoicing), process automation, and smart contracts into an integrated offering. The platform architecture includes zkCredore for zero-knowledge proof generation, digital document exchange capabilities for standardized electronic records, and multi-party collaboration tools. Credore serves distinct segments through specialized solutions: banks receive streamlined invoice processing and fraud security; suppliers access invoice discounting and export factoring with GLEIF and ICC-DSI compatibility; and corporates benefit from blockchain-enabled trust, transparency, and transaction traceability.

Differentiator

Problem solved

Functional benefit

Products and services

• Paperless Trade Finance

Quantifiable outcome

• Financing historically restricted to 50-60% of total invoice value under traditional banking; Credore's platform improves access through verified digital documentation
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• GLEIF (Global Legal Entity Identifier)coreTechnology or IntegrationCredore's platform is GLEIF-compatible, enabling seamless onboarding, KYC, and KYB using Global Legal Entity Identifiers for trade participants. GLEIF is the non-profit organisation that issues legal entity identifiers globally.
• ICC-DSI (International Chamber of Commerce Digital Standards Initiative)coreTechnology or IntegrationCredore's platform is ICC-DSI compatible, enabling harmonised digital trade documentation standards set by the International Chamber of Commerce. This compatibility enables MSMEs to access global buyers and suppliers through standardised processes.
• PEPPOL (Pan-European Public Procurement OnLine)coreTechnology or IntegrationCredore's invoice discounting and export factoring services use PEPPOL standard e-Invoicing, enabling standardised electronic invoice exchange across international trade networks using the PEPPOL BIS (Business Interoperability Specifications).

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Marco Polo Network: Marco Polo Network is an enterprise blockchain trade finance platform built on R3 Corda that connects banks and corporates for open account trade finance, including invoice discounting and receivables financing. It directly competes with Credore's invoice discounting and export factoring product lines for bank and corporate customers globally.
• TradeLens (Maersk/IBM): TradeLens was a blockchain-enabled shipping and trade documentation platform jointly developed by Maersk and IBM to digitise bills of lading and end-to-end supply chain documentation for global shippers, banks, and customs authorities. It is the highest-profile direct competitor to Credore's electronic bill of lading offering (note: Maersk wound down TradeLens in 2022, reshaping the competitive landscape).
• we.trade: we.trade is a blockchain-based trade finance platform jointly developed by a consortium of major banks (IBM, KYC, blockchain consortium). It digitises trade documents and automates transactions for corporate and bank clients across global trade corridors, making it a direct competitor to Credore in the blockchain trade finance / eBL space.
• Komgo: Komgo is a blockchain-based trade finance network built on a permissioned DLT, founded by a consortium of major commodity trading and finance firms (Citi, ING, SGC, MUFG). It focuses on digital KYC, eBL, and trade finance workflows, directly comparable to Credore's electronic trade document platform for banks and corporates.
• Contour: Contour (formerly Voltron) is a R3-Corda based blockchain network for letters of credit and digital trade documentation adopted by a consortium of global banks including HSBC, ING, Citi, and Standard Chartered. It is one of the largest direct competitors to Credore in the digital trade documentation / eBL space.
• Bolero International: Bolero operates a digital trade finance platform offering electronic bills of lading, letters of credit, and trade document exchange, serving banks, corporates, and logistics providers. It is a long-standing direct competitor in the electronic bill of lading and digital trade documentation category where Credore is positioned.
• essDOCS: essDOCS provides electronic bills of lading and other trade documentation solutions, including the CargoDocs platform adopted widely by banks, shippers, and commodity trading houses. It directly competes with Credore's eBL and digital document exchange offering for maritime and trade finance customers.

Emerging players

• Wave (previously known as Vakt): Wave (formerly Vakt) is a post-trade, blockchain-based platform for energy commodities title transfer and document management. While it operates in a focused adjacent segment (energy commodities), its electronic document exchange and verification capabilities make it a comparable peer for Credore's digital trade documentation product.
• TradeSun: TradeSun provides digital trade finance automation including document checking, compliance, and supply chain finance workflows for banks and corporates. While it is not strictly blockchain-native, its trade finance digitisation workflow automates functions comparable to Credore's paperless trade finance and invoice processing capabilities for financial institutions.
• Distributed Ledger Technology Ltd (TradeIX): Distributed Ledger Technology Ltd (the parent of TradeIX / Marco Polo-aligned initiatives) builds R3 Corda based solutions for supply chain finance, trade finance, and electronic documentation, including working capital and receivables financing that overlap directly with Credore's invoice discounting and export factoring products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/credore

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about credore