M1xchange funding, investors and company details

M1xchange is an emerging Information Technology - Enterprise Technology startup from New Delhi, working in the space of a Trade Receivables Discounting System (TReDS) platform. Founded by Sundeep Mohindru, Vivek Misra.

Company: Mynd Solutions Private Limited
Sector: Information Technology - Enterprise Technology
Location: New Delhi
Founders: Sundeep Mohindru, Vivek Misra

Company overview

M1xchange is an RBI-approved digital platform facilitating invoice discounting for MSMEs through the Trade Receivables Discounting System (TReDS). By connecting MSMEs with banks and financiers, it enables quick access to working capital, reducing financing costs by 5–8%. In FY24, M1xchange processed ₹43,000 crore in invoices, doubling its throughput from the previous year. The platform aims to bridge the significant credit gap faced by Indian MSMEs.

Funding rounds

Latest round: $ 18.00 Mn (₹156.02 Cr.), 2025-11-28. Investors: Jindal Stainless
Past round: $ 10.00 Mn (₹85.53 Cr.), 2025-05-13. Investors: Filter Capital