M1xchange
- Company typePrivate
- Founded2017
- HeadquartersGurugram, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
M1xchange firmographics
Firmographics- Name
- M1xchange
- Legal name
- Mynd Solutions Private Limited
- Website
- https://www.m1xchange.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
M1xchange industry classification
Industry- Product category
- Trade Finance Platform
- NAICS
- Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)
Keywords
Where M1xchange is headquartered
LocationHeadquarters
- HQ city
- Gurugram
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
M1xchange business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Invoice Discounting Transaction Fees: Platform charges transaction fees for facilitating invoice discounting between MSMEs and financiers through competitive bidding. The platform enables non-recourse funding to MSME suppliers, with funds typically released within 24 hours of invoice acceptance and bid selection.
- S2S Deep-tier Financing: Revenue generated from extending financing to Tier-2 and Tier-3 MSME suppliers that sell to other MSMEs rather than directly to large corporates, using Credit Analytics Engine for risk assessment
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Transaction-based invoice discounting with competitive bid rates |
Distribution channels5 records
Marketing channels8 records
M1xchange product offering
Product offeringCore offering
M1xchange operates an RBI-licensed Trade Receivables Discounting System (TReDS) platform that enables MSME suppliers to upload invoices against corporate/PSU buyers and receive competitive bids from multiple banks and NBFCs, with payment typically released within 24 hours of bid acceptance. The platform functions as a multi-sided digital marketplace connecting MSMEs, large corporate buyers and 78+ financier partners, and extends to MSME-to-MSME trade financing through its S2S (Small-to-Small) sub-platform and to cross-border transactions through its M1 NXT international counterpart.
Product overview
M1xchange operates as a unified fintech platform built around its RBI-licensed TReDS (Trade Receivables Discounting System) as the core product. The platform functions as a multi-sided marketplace connecting MSME sellers, corporate/PSU buyers, and financier institutions (banks/NBFCs) for digital invoice discounting. The portfolio includes: the core M1xchange TReDS Platform for traditional corporate-to-MSME financing; the S2S (Small-to-Small) Financing Platform as a sub-product extending deep-tier MSME-to-MSME credit; M1 NXT as a cross-border international counterpart; and the M1 App for mobile access. Additional modules cover solutions for different participant types (Large Corporate Buyers, MSME Buyers, Sellers to Large Corporates, Sellers to PSUs, Financiers) and industry-specific verticals. The platform processed over Rs 1 lakh crore in FY25-26 and connects 70,000+ MSMEs with 5,000+ corporate buyers and 70+ financier partners.
Differentiator
Problem solved
Functional benefit
Brands
- M1 NXT: International TReDS counterpart for global businesses with expedited, secure, and adaptable trade financing solutions
- S2S (Small-to-Small) Financing
Products and services
- M1xchange TReDS Platform RBI-licensed Trade Receivables Discounting System (TReDS) platform that facilitates digital invoice discounting and bill discounting for MSMEs. Connects MSME suppliers, large corporate/PSU buyers and 78+ financier partners through a multi-financier bidding marketplace, with payments typically released within 24 hours of bid acceptance. For MSMEs, large corporates, PSUs, banks and NBFCs.
- S2S (Small-to-Small) Financing Platform Deep-tier financing platform that extends credit beyond the first tier of suppliers to enable MSME-to-MSME trade financing. Uses supply chain mapping, transaction data analytics and a Credit Analytics Engine to provide unsecured working capital to Tier-2 and Tier-3 MSME suppliers and to MSME buyers procuring from other MSMEs. For MSMEs in deeper supply chain tiers.
- M1 NXT International Platform International TReDS counterpart catering to global businesses with expedited, secure and adaptable cross-border trade receivables financing solutions beyond India's borders. Operated as a wholly-owned subsidiary of Mynd Solutions Private Limited. For international businesses seeking cross-border trade financing.
Quantifiable outcome
- Rs 1 lakh crore annual throughput achieved in FY25-26, first TReDS platform to cross this milestone
- +5 more outcomes
Companies that use M1xchange
Customer profileNamed customers18 records
Segments4 records
Ideal customer profiles1 record
M1xchange technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability4 records
Feature9 records
M1xchange partnerships and signals
Strategic signalScale indicators18 records
Recent moves6 records
Expansion highlights6 records
M1xchange competitors and assessment
Company assessmentBroad incumbents
- Fundbox: US-based working capital platform providing invoice-based credit and short-term financing to small businesses. Comparable in its B2B invoice-financing orientation to M1xchange but operating in a different regulatory jurisdiction and customer segment.
- CredAble: Mumbai-based supply chain finance and working capital platform serving large Indian corporates and their supplier ecosystems. Operates as a broader incumbent offering financing, analytics, and embedded SCF solutions overlapping with M1xchange's invoice discounting product.
- C2FO: Global working-capital marketplace enabling suppliers to accelerate receivables and buyers to extend payment terms. Comparable to M1xchange in its multi-financier early-payment model, but operating at global scale across multiple geographies.
- Taulia (SAP): SAP-owned supply chain finance platform offering dynamic discounting and invoice financing to enterprise buyers and their suppliers globally. Comparable to M1xchange on the supplier-finance/early-payment use case but serving large multinationals.
- BlueVine: US-based online lender offering invoice factoring and lines of credit to SMBs. Overlaps with M1xchange on the invoice-discounting product for small businesses but operates in a different regulatory and customer geography.
- PrimeRevenue: Global supply chain finance platform providing working capital solutions to suppliers via multi-financier programs. Comparable to M1xchange on the multi-lender SCF marketplace model but serving large multinational corporations globally.
Direct peers
- RXIL (Receivables Exchange of India): RBI-licensed TReDS platform jointly promoted by SIDBI and NSE, operating as a direct three-sided invoice-discounting marketplace for MSMEs, corporate buyers, and financiers in India — directly competing with M1xchange on the same regulatory rails.
- Invoicemart: RBI-licensed TReDS platform operated by a joint venture involving Axis Bank and mjunction services, offering the same MSME invoice discounting and reverse-auction financing model that M1xchange provides.
- KredX: Bangalore-headquartered invoice discounting and working-capital marketplace for Indian businesses, providing receivable financing to MSMEs and suppliers against corporate buyers — overlapping with M1xchange on the buyer-seller-financier use case.
- Vayana Network: Indian supply chain finance network connecting corporates, SMEs, and financiers via API-based receivables financing. Operates in the same MSME invoice financing category as M1xchange with comparable buyer-seller-financier marketplace mechanics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
M1xchange social profiles
Digital presenceM1xchange compliance and trust
Trust signalCompliance2 records
M1xchange financial estimates
Financial estimateRevenue estimate
Valuation estimate
M1xchange leadership team
Management profileNumber of profiles
Profiles8 records
M1xchange subsidiaries and ownership
Company hierarchySubsidiaries1 record
M1xchange funding detail
Funding detailFunding overview
Funding rounds8 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
M1xchange M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about M1xchange
What does M1xchange do?
M1xchange operates an RBI-licensed Trade Receivables Discounting System (TReDS) platform that enables MSME suppliers to upload invoices against corporate/PSU buyers and receive competitive bids from multiple banks and NBFCs, with payment typically released within 24 hours of bid acceptance. The platform functions as a multi-sided digital marketplace connecting MSMEs, large corporate buyers and 78+ financier partners, and extends to MSME-to-MSME trade financing through its S2S (Small-to-Small) sub-platform and to cross-border transactions through its M1 NXT international counterpart.
Is M1xchange a public or private company?
M1xchange is a private company. It is classified as venture growth investor backed and is currently operating.
When was M1xchange founded?
M1xchange was founded in 2017. It employs 1,001 to 5,000 people.
Where is M1xchange based?
M1xchange is headquartered in Gurugram, India, in the Asia region.
How does M1xchange make money?
Two revenue lines are on record. Invoice Discounting Transaction Fees are the primary driver. The others are S2S Deep-tier Financing.
Who are M1xchange's main competitors?
Broad incumbents on record are Fundbox, CredAble, C2FO, Taulia (SAP), BlueVine and PrimeRevenue. Direct peers are RXIL (Receivables Exchange of India), Invoicemart, KredX and Vayana Network.
Does M1xchange have an API?
Yes. The platform supports API-based ERP integration for seamless data flow. API integrations enable automated invoice uploads, real-time transaction tracking, and ERP synchronization. Specific API documentation or developer portal URL is not publicly listed on the website.
What industry is M1xchange in?
M1xchange's product category is Trade Finance Platform. Its primary akta.pro industry code is FSAGAIAC, B2B / Invoice-Based BNPL (Trade Credit at Checkout). Its NAICS code is 52222 and its SIC code is 6153.