Washington D.C, Apr 16th, 2025 – M1xchange revolutionizes MSME Financing in India with Digital TReDS Platform, Facilitating Over Rs 170,000 Crores in Invoice Discounting has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
SME Finance Forum is delighted to welcome M1xchange. By enabling digital transactions that streamline the process from invoice raising to payment within 24 hours, M1xchange has significantly enhanced access to finance for MSMEs at competitive rates without the need for collateral. M1xchange's commitment to providing financing without recourse and transferring the risk of receivables to financiers is a testament to their dedication to empowering MSMEs and fostering their growth," said Qamar Saleem, Head of SME Finance Forum.
M1xchange is India’s first RBI-approved TReDS (Trade Receivables Discounting) platform that started in April 2017. M1xchange facilitates the financing of trade receivables of MSMEs from corporate buyers through ‘factoring’ or ‘invoice discounting’ by financiers (Banks and NBFC). In a short span of time, M1xchange has onboarded 66+ Banks, 2500+ corporates, and 50,000+ MSMEs and has facilitated discounting of invoices of more than Rs 170,000 Crores. Transactions on the TReDS platform are fully digital and start when the MSME supplier of Goods & Services raises the invoice, and the buyer validates the same. This permits the financiers (Banks/ NBFCs) to bid against the verified and approved invoice. Once the supplier accepts the bid, the payment is processed in 24 hrs. and credited to the MSMEs bank account. Through this platform, M1xchange promises MSMEs greater access to finance at competitive rates and without providing any collateral. Further, the financing is without recourse. MSMEs pass on the risk of receivables to the financiers (NBFCs/Banks) by selling their receivables.
"We are honoured to be a member of the SME Finance Forum; its mission resonates with us, as it promotes innovation and financial inclusion for SMEs. At M1xchange, we have always believed in the power of technology and digital transformation in unlocking access to working capital for small businesses. Through this association, we look forward to learning from global peers, sharing best practices, and forging partnerships that can collectively accelerate the growth of SMEs worldwide. As a leading TReDS platform in India and with our recent expansion into global factoring, we are excited to contribute to the Forum’s mission and collaborate with like-minded leaders to shape the future of trade finance.M1xchange is a TReDS platform in India that facilitates receivables financing for MSMEs through a digital marketplace. It's subsidiary M1 NXT, an ITFS platform has expanded the trade finance services into global factoring to improve access to working capital for cross-border businesses.” said Sundeep Mohindru, Promoter and Director at M1xchange.
SME Finance Forum: Innovation & Partnership for MSMEs Growth
The SME Finance Forum, backed by G20 and IFC/World Bank, is the leading global network of 300+ members/affiliates operating in 190 countries. Network comprises of SME focused institutions providing and enabling finance and services- banks, non-banks financial institutions, fintech, payment platforms, development institutions, credit guarantee companies, insurers, investment funds, supply chain linked players, banking and SME associations, policy advocates, regulators, academia, consulting houses, knowledge aggregators.
Our member, affiliates, and associated stakeholders benefit from learning/replicating best practices from across the world, innovating new products for business growth, acquiring risk mitigation tools, establishing partnerships, attracting investors, and being recognized amongst a peer group of global innovators. Our products consist of “members only” solutions (like innovation hubs, solutions clinics, peer group networks, study tours, specialized tools and trainings, member portal repository, partnered initiatives) as well as public good services (200+ publications library, 500+ videos, webinars, newsletters, trainings, annual awards, annual event etc.)
Discover the SME Finance Forum members/affiliates:
About M1xchange
M1xchange is India’s first RBI-approved TReDS (Trade Receivables Discounting System) platform, revolutionizing access to working capital for MSMEs. M1xchange provides a fully digital, transparent, and collateral-free mechanism for MSMEs to get paid faster by enabling invoice financing through competitive bidding by Banks and NBFCs.
To date, M1xchange has facilitated the financing of trade receivables worth over $21 billion, supporting a vibrant ecosystem of 50,000+ MSMEs across 2,200+ cities in India. It streamlines the receivables financing process—where suppliers upload invoices, buyers approve them, and financiers bid in real-time. Upon acceptance, funds are disbursed to MSMEs within 24 hours, without collateral and with no recourse—transferring the risk of default to buyers.
Built on a robust technology backbone, M1xchange is empowering small businesses with liquidity, improving supply chain efficiency, and contributing to India’s vision of a digitally inclusive economy. Its continued focus is to expand credit access for underserved segments while ensuring speed, transparency, and trust.
Building on this foundation, M1 NXT extends M1xchange’s mission to the global stage. As its wholly owned subsidiary, M1 NXT operates under the IFSCA framework at GIFT City, Gandhinagar, to offer international trade financing services for exporters and importers. Leveraging M1xchange’s trusted technology and MSME expertise, M1 NXT connects Indian businesses with a global network of financiers, enabling seamless access to cross-border working capital through export/import factoring, supply chain finance, and other receivables-based instruments—ensuring the same commitment to speed, transparency, and trust.
Learn more:
Website: https://www.m1xchange.com/
Facebook: https://www.facebook.com/M1xchange/
Twitter: https://twitter.com/M1xchange
Instagram: https://www.instagram.com/m1.xchange/
