M1xchange

M1xchange, established in 2016, is a leading digital platform in India that simplifies the bill discounting process for MSMEs by connecting them with corporates and Banks/NBFCs. Utilizing its RBI-licensed TReDS platform, the company offers a fast and secure means for selling receivables. The digital transactions begin when an MSME supplier raises an invoice, which is subsequently validated by the buyer. This allows financiers to bid on the invoice, facilitating efficient access to competitive financing without collateral requirements.

The platform can credit payments to the supplier’s account within 24 hours post acceptance of a bid, providing critical liquidity for small businesses. As of its latest financing round in May 2025, M1xchange secured a $10.00M Early VC investment led by Filter Capital. This investment underscores confidence in their innovative approach and their role in empowering the Indian MSME sector through accessible financial solutions.