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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. M1xchange provides an online invoice discounting and factoring solutions, purchase bill and trade receivables discounting system between MSMEs and large corporates .
Total funding
~$14M
HQ 🇮🇳
Haryana, India
Year founded
2016
Status
Alive
People
Vivek Misra
Founder
Sundeep Mohindru
Chief Executive Officer
Jacob Raphael
Chief Operating Officer
Vivek Singh Bhakuni
Senior Vice President
Tushar Buch
Senior Vice President
Anurag Chaturvedi
Senior Vice President
Ramesh Bisht
Chief Financial Officer
Sunil Kumar
Chief Technology Officer
Investors
Amazon
Mayfield Fund
BEENEXT
Maple Capital Advisors
SIDBI Venture
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