M
M1xchange
A digital marketplace to sell the receivables to banks
About M1xchange
M1xchange is a digital marketplace operating as a TReDS (Trade Receivables Discounting System) platform in India, licensed by the Reserve Bank of India (RBI). The company facilitates the financing of trade receivables for Micro, Small, and Medium Enterprises (MSMEs) by connecting them with a network of banks and Non-Banking Financial Companies (NBFCs).
The platform enables MSMEs to sell their invoices raised against large corporates to financial institutions, thereby receiving early payment and improving their working capital cycle. M1xchange supports both factoring and reverse factoring, providing a comprehensive solution for supply chain finance. The business model is based on facilitating these transactions through its online platform, likely earning a fee for each successful transaction.
The company serves a diverse client base that includes MSMEs as sellers of receivables, and large corporations, banks, and NBFCs as buyers. By providing a transparent and efficient mechanism for invoice discounting, M1xchange addresses a critical need for timely and affordable credit for the MSME sector in India. The platform's integration with enterprise resource planning (ERP) systems and features like real-time bidding enhance its value proposition for all participants.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- Gurugram, India
- Employees
- 390
- Open positions
- None listed
- Dealroom signal
- 91.4/100
- Industry
- Fintech
- Sub-industry
- Financial Management Solutions
- Sector
- Fintech, B2b Online Marketplace, Lending Intermediary
- Business model
- Marketplace & ecommerce
- Client focus
- b2b
Knowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SECONDARY✓Other financing | May 2025 | $10M | — | Filter Capital | ↗ |
| EARLY VC✓Equity / VC | Mar 2025 | $18M | $187M | Jindal Stainless · Jindal Stainless Steelway | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for M1xchange is 170K monthly website visits, down 22.7% over the last three months. M1xchange's team grew 19.3% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A6 investors entered at this stage
Series B and later2 investors entered at this stage
IndiaMART
Filter Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about M1xchange on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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