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M1xchange
M1xchange is an RBI-licensed TReDS platform that connects 10,000+ corporates to 74+ financiers for same-day MSME invoice discounting.
M1xchange
M1xchange provides an online invoice discounting and factoring solutions, purchase bill and trade receivables discounting system between MSMEs and large corporates.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Gurugram
Corporate office
Unit No. A/04-01 to A/04-6D and A/04-07, 4th Floor Tower A, Reach Commercia, Sector 68, Gurugram -122101, Haryana
Additional offices
Ahmedabad, India · Bangalore, India · Chennai, India · Coimbatore, India · Hyderabad, India · Kolkata, India · Mumbai, India · Noida, India · Pune, India
Sector focus
Frequently asked questions
What is M1xchange's relationship to the Reserve Bank of India?
M1xchange operates under a specific RBI license as a Trade Receivables Discounting System (TReDS) exchange. This license authorizes it to run an electronic platform where MSME invoices against large buyers can be auctioned to banks and NBFCs. The regulatory framework mandates that it provides a transparent, digital market to improve small-business cash flow.
Who runs M1xchange and what is its corporate structure?
M1xchange is the market-facing brand of Mynd Solutions Pvt. Ltd., a company with its registered office in New Delhi. Specific leadership names are not published on its public-facing materials. The entity is part of the broader Mynd Group ecosystem, which also includes Mynd Fintech and the international entity M1 NXT.
How does M1xchange source its deal flow?
Sourcing is built into the TReDS model. Large corporate and public-sector buyers onboard their accounts-payable workflows, and when they approve an MSME supplier's invoice, that receivable becomes available for discounting on the M1xchange platform. MSME sellers log in, select an approved invoice, and trigger a bidding process among the 74+ pre-registered financiers.
Does M1xchange invest its own capital or operate as a fund?
No. M1xchange does not take a principal position in the receivables. It is an exchange, not a fund or a non-bank lender. It earns fees by facilitating the transaction, while the actual funding is provided by the banks and NBFCs that bid on each invoice.
What is small-to-small, or S2S, financing?
S2S financing is M1xchange's program for invoices issued by one MSME to another MSME. It extends the competitive-rate auction model to a segment traditionally underserved by formal factoring channels. The mechanism mirrors its large-corporate product: the selling MSME chooses the lowest rate offered among competing financiers.
How does the international entity M1 NXT relate to the domestic platform?
M1 NXT is a related entity within the Mynd Group that adapts the TReDS framework for cross-border trade finance. It positions itself as an international counterpart to India's TReDS model, aiming to bring expedited and competitive invoice discounting to global supply chains.
What are the minimum financing requirements for a seller to use M1xchange?
The platform claims full digital onboarding in as little as ten minutes for all business types, with funding typically received the business day after an invoice is selected. There are no stated collateral requirements for sellers, as the receivable is the underlying asset, and funding is non-recourse once accepted.
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