M1xchange Raises ₹18 Mn to Accelerate Digital Financing for India’s MSMEs

M1xchange, India's foremost RBI-licensed TReDS platform, is thrilled to announce a successful funding round securing ₹18,000,000. Founded in 2017, the company has rapidly become the go-to digital marketplace that connects corporates, MSMEs, and financial institutions such as banks and NBFCs. This substantial capital infusion emphasizes the growing investor confidence in M1xchange's innovative approach to facilitating bill discounting and streamlining working capital solutions. By digitally enabling MSME suppliers to raise invoices and having buyers validate them in real-time, the platform creates a seamless environment where financiers can bid competitively on each invoice. Once suppliers accept a bid, payments are processed within 24 hours directly into their bank accounts, significantly reducing the turnaround time for accessing much-needed liquidity. The funds raised in this round will be strategically deployed to further enhance the platform’s technological infrastructure, boost security features, and expand its operational reach across the country. The investment will also support new product development initiatives aimed at providing tailored financial solutions to the MSME segment, ensuring these vital businesses can access finance at competitive rates without the burden of collateral. By streamlining the invoicing and bid process through automation, M1xchange stands to contribute significantly to the digitization of trade receivables financing, supporting broader economic growth and stability. As the company scales its operations and continues to be a reliable conduit between supply chain players and financial institutions, this latest investment marks a pivotal moment in reinforcing its position as a leader in digital receivables financing in India.