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FinancierInnovative Platform: M1xchange eases the credit flow to small business
M1xchange, an electronic platform for discounting trade receivables (invoices and bills) for MSMEs has witnessed a significant surge in transaction volumes as an increasing number of smaller businesses are taking advantage of the platform to meet their operational fund requirements…..
How MSMEs Benefit From Trade Receivable Exchanges
Here is an article by Mr. Sundeep Mohindru, MD & CEO of M1xchange, in which he explained key benefits of Trade Receivables exchanges for MSMEs in India….
M1xchange will provide capital to alleviate financial crisis for MSMEs
M1 Exchange is proving useful for small-medium and large scale industries to increase trade and transparency. The biggest question for business growth especially to small businesses is capital…
HDFC Bank inks pact with TReDs platform M1xchange
HDFC Bank will benefit from partnering with M1xchange with shorter turn-around time and lower administrative costs in booking additional new-to-bank (NTB) corporate buyer relationships.
Invoice discounting platform M1xchange announces cash flow-based factoring solution for MSMEs
M1xchange, one of the invoice discounting and factoring service providers on India’s TReDS platform, in partnership with private lenders YES BANK and RBL Bank has announced that it has started testing of ‘Small-Small Factoring
TReDS: Only 35% companies registered on invoice discounting platform out of nearly 5,000 identified by govt in April 2021
A year after the government identified total companies with a turnover of more than Rs 500 crore to onboard the trade receivables financing platform TReDS, the registration count is far from 100 per cent. According to the information available from the MSME
M1xchange eyes doubling customer base, transaction value of Rs30K cr in FY23
M1xchange, an online platform for discounting trade receivables of MSMEs, is targeting to double its customer base and hit transaction value of Rs 30,000 crore in the next fiscal year, as the market has huge growth potential, the company’s top official said.
M1xchange eyes ₹30,000-cr business in FY23
M1xchange, a digital invoice discounting platform for Micro, Small and Medium Enterprises (MSMes), is eyeing business of ₹30,000 crore in 2022-23, riding on the dramatic scaling up of the TReDS platform in the country in the last two years.
Upgrading and Upscaling MSMEs of UP.
Lucknow: The UP state office of CII along with the global not-for-profit, Wadhwani Foundation, the Financial and Outsourced Service provider, Finance Crafter Enterprises and the online exchange for Trade Receivables Discounting System
India Mart Intermesh Acquires Stake In Mynd Solutions
M1xchange, India’s largest TReDS platform, has secured over INR_324 million in secondary funding from Indiamart Intermesh Limited, in a deal that provided a part exit to SIDBI Venture Capital Limited, an early investor in the company