M1xchange Raises $10 Mn To Boost Supply Chain Financing For MSMEs

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SUMMARY

M1xchange has secured $10 Mn from investment firm Filter Capital through a secondary transaction

Founded by Sundeep Mohindru and Vivek Misra, M1xchange is a TReDS platform that facilitates financing of MSMEs based on invoice and bills

M1xchange claims to have discounted invoices and bills worth INR 1.7 Lakh Cr so far

Supply chain financing platform M1xchange has raised $10 Mn (around INR 84 Cr) from Filter Capital via secondary deal.

The startup plans to use the fresh capital to boost its digital supply chain…



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M1xchange Raises $10 Mn To Boost Supply Chain Financing For MSMEs


SUMMARY

M1xchange has secured $10 Mn from investment firm Filter Capital through a secondary transaction

Founded by Sundeep Mohindru and Vivek Misra, M1xchange is a TReDS platform that facilitates financing of MSMEs based on invoice and bills

M1xchange claims to have discounted invoices and bills worth INR 1.7 Lakh Cr so far

Supply chain financing platform M1xchange has raised $10 Mn (around INR 84 Cr) from Filter Capital via secondary deal.

The startup plans to use the fresh capital to boost its digital supply chain…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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