M1xchange- Online Exchange for Trade Receivables

M1xchange

Online Exchange for Trade Receivables

M1xchange TReDS is a digital marketplace to sell the receivables to banks/NBFC set up under the approval of Reserve Bank of India (RBI) to facilitate the discounting of invoices and bills of exchange on a PAN India basis.

On November 24th, 2015, Reserve Bank of India (RBI) granted “in-principle” approval to three companies to set up Trade Receivable Discounting System (TReDS) platform. Mynd Solutions Pvt Ltd, is one amongst the three companies set up the TReDS platform ‘M1xchange’ on April 7th, 2017 under the Payment and Settlement System (PSS) Act 2007 to facilitate discounting of invoices and Bills of exchange for MSMEs on PAN India basis. M1xchange was launched on 7th April 2017 to service the finance needs of MSME across India. The exchange enables MSME to secure finances by converting their trade receivables into liquid funds, on without recourse basis. The exchange has hosted Nationalised, Private and Foreign banks to finance these receivables at most competitive rates with a unique model of bidding by the banks.

Key participants in TReDS are Micro, Small & Medium Enterprises “MSME” (Suppliers), large Corporates including PSUs and Govt. Departments (Buyers) and Banks/NBFCs (Financiers). M1xchange aims to provide MSMEs Supply chain related cash flow finance at competitive rates through an open bid process via multiple financiers. Financing on M1xchange is “Without Recourse” to the MSME supplier as per RBI guidelines. M1xchange employs the latest technologies to ensure the authenticity of the underlying transactions.

First trade receivables exchange licensed by RBI

49 Banks (90%+ banking industry)

INR 340 Bn+ amount and 10,00,000 no. of invoices funded

1200+ Corporates

Completely Paperless transactions

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MNC

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Our Investors

IndiaMART Intermesh Ltd, incorporated in 1996, is India’s largest B2B platform with 60% of the market and known for transforming the dynamics of Indian SMEs by providing them a one-stop solution to transform their business digitally and reach directly to their end customers online.IndiaMART Intermesh acquired a stake in M1xchange in November 2021.

AMAZON.COM NV Investment Holdings, Inc.,This LLC is a 100% wholly owned subsidiary of Amazon.com, Inc. which is an American multinational technology company based in Seattle, Washington, which concentrate on e-commerce, cloud computing, digital streaming, and artificial intelligence. This LLC is involved in making investments in the market/corporates on behalf of its parent company.

SIDBI Venture Capital Limited (SVCL), incorporated in 1999, is an investment management company and a wholly owned subsidiary of SIDBI (www.sidbi.in), the Apex Financial Institution in the country for the MSME sector. Over its life, SVCL has managed funds focused on different themes including Sta rtups/ early stage technology businesses, manufacturing SMEs, service entities, agri- businesses, financial inclusion companies, etc.

Mayfield is a global venture capital firm with $2.5 billion under management. Globally, the Firm has been championing people for more than 50 years. Since its founding in 1969, the Firm has invested in more than 500 companies resulting in 117 IPOs and more than 200 mergers or acquisitions. Mayfield India has over $200 million under management and is a sector agnostic fund that invests in both technology, as well as, non-technology start-ups across sectors such as financial services, consumer brands, FMCG, logistics, and healthcare amongst others.

BEENEXT is a Venture Capital fund managed by serial entrepreneurs that focuses on assisting founders with its operational experience, network, trust, unique perspectives, and the capital. The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. BEENEXT aims to establish a platform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. Since its establishment in 2015, the team has invested in over 180 companies globally.