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M1xchange company logo


Founded Year



Secondary Market | Alive

Total Raised




Last Raised

$4.7M | 4 mos ago

About M1xchange

M1xchange is a holder of the TReDS (Trade Receivables Discounting System) licenses issued by the Reserve Bank of India. The technology platform acts as an exchange to facilitate the financing of trade receivables of micro, small and medium enterprises from corporate buyers through factoring or invoice discounting by external financiers. It focuses on ensuring seamless liquidity flow between all stakeholders, providing bill discounting, and more. It was founded in 2002 and is based in Gurgaon, India.

Headquarters Location

288A, Udyog Vihar

Gurgaon, 122001,



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ESPs containing M1xchange

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Financial Services / Payments Tech

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M1xchange named as Highflier among 11 other companies, including NIUM, Rapyd, and Airwallex.

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Research containing M1xchange

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CB Insights Intelligence Analysts have mentioned M1xchange in 1 CB Insights research brief, most recently on Sep 20, 2022.

Expert Collections containing M1xchange

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

M1xchange is included in 4 Expert Collections, including Capital Markets Tech.


Capital Markets Tech

806 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.


Digital Lending

1,801 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.


SMB Fintech

1,647 items



3,784 items

Latest M1xchange News

M1xchange Raises $4.5M From BEENEXT And Mayfield

Dec 22, 2022

TReDS platform M1xchange has raised $4.5 million (about Rs 33 crore) in funding from BEENEXT Asia, Singapore, and existing investor Mayfield. The funds will be used by the online trade exchange platform to expand its network across India and emerge as a comprehensive supply chain finance leader, a statement said. TReDS is an online mechanism for facilitating the financing of trade receivables of MSMEs through multiple financiers. It also enables discounting invoices of exchange of MSME sellers against large corporates. "The pandemic has had a profound effect on supply chains, businesses, and economies. In the last few months, a substantial positive movement has been felt for growth in business volumes versus the previous quarter, and this is also reflected in the surge in volumes on M1xchange (TReDS)," Sundeep Mohindru, CEO of M1xchange, said. He added that MSMEs across 352 cities have logged into TReDS platform since the pandemic and have discounted invoices at a rate of interest ranging between 4.75 percent per annum and eight percent per annum. " (About) 60 percent of such MSMEs are from Tier III and IV cities and are able to take the benefit of this digital revolution. In coming days, this secured marketplace for receivables financing will be integrated with other government digital initiatives," he said. Maple Capital Advisors, a Delhi-based investment banking firm, acted as the financial advisors for this round of funding. "M1xchange plans to utilise the investment over a few years to enhance its market reach and further evolve the technology for ease of use. The newer models of supply chain financing and the resultant technology will be deployed in coming months," Mohindru said. Started in 2017 under licence from the Reserve Bank of India, M1xchange has scaled up to discount invoices worth more than Rs 10,000 crore. "M1xchange continues to be the leader in this space, and the only TReDS platform who is attracting international investor interest. Continued investor participation validates this large market opportunity. This round should go a long way in enhancing technology development and personnel to achieve greater scale," said Vikram Godse, Partner and Managing Director, Mayfield Fund India. (PTI)

M1xchange Frequently Asked Questions (FAQ)

  • When was M1xchange founded?

    M1xchange was founded in 2002.

  • Where is M1xchange's headquarters?

    M1xchange's headquarters is located at 288A, Udyog Vihar, Gurgaon.

  • What is M1xchange's latest funding round?

    M1xchange's latest funding round is Secondary Market.

  • How much did M1xchange raise?

    M1xchange raised a total of $18.8M.

  • Who are the investors of M1xchange?

    Investors of M1xchange include BEENEXT, SIDBI Venture, IndiaMART, Mayfield, Amazon and 3 more.

  • Who are M1xchange's competitors?

    Competitors of M1xchange include Cashflo and 6 more.

Compare M1xchange to Competitors


CredAble provides working capital and related liquidity programs to supply chains using its trade finance and technology services. The platform gives vendors access to early payment for their receivables in exchange for a trade discount and enables banks and other financial institutions to bid for payables and lend to the vendors. The company was founded in 2017 and is based in Mumbai, India.

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Vayana Network

Vayana Network offers businesses a simple way to manage working capital and cash flow by enabling to finance their payables and receivables electronically through banks and financial institutions. The company was founded in 2009 and is based in Pune, India.

C2FO Logo

C2FO is an online marketplace to source working capital. It utilizes proprietary algorithms and creates a match between accounts receivable and accounts payable to price the value for early payment. The company was founded in 2008 and is based in Leawood, Kansas.


Cashflo is an Exchange for Working Capital that helps vendors to large corporates get access to affordable short-term capital at the click of a button, while also helping the corporations optimize their working capital & treasury returns. The company was founded in 2017 and is based in Mumbai, India.

Receivables Exchange of India

Receivables Exchange of India (RXIL) provides promotion and financing to the Ministry of micro, small and medium enterprises in India and National Stock Exchange of India Limited (NSE). The company is based in Mumbai, India.

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Bamboo is a mobile platform to buy and sell stocks.

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