M1xchange: Funding, Investors & Team (Aug 2026)
The Reserve Bank of India (RBI) approved the establishment of the Trade Receivables Discounting System (TReDS), or MYND Online National Trade, to enable discounting of invoices and bills of exchange on a PAN India basis. Micro, Small & Medium-sized Enterprises ("MSME"), large corporations, including PSUs and government departments ("the Buyer"), and banks/NBFCs ("the Financier") will be key participants. M1 promises to provide cash flow financing for MSMEs' supply chains at affordable rates through an open bid procedure involving several lenders. According to RBI standards, M1 financing shall be "Without Recourse" to MSME suppliers. To secure the validity of the underlying transaction, M1 will make use of the most recent technologies.
M1xchange has raised $4.7M across 1 funding round on record, the most recent an undisclosed round of $4.7M announced in Nov 2022.
That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
M1xchange Company Profile and Key Stats
Latest funding round on record: Nov 2022.
M1xchange Funding Rounds
M1xchange Founders and Leadership Team
No contact details are on record for this team yet.
M1xchange Funding Compared to Other Financial Services Startups
M1xchange's latest round of $4.7M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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M1xchange Funding FAQs
What does M1xchange do?
The Reserve Bank of India (RBI) approved the establishment of the Trade Receivables Discounting System (TReDS), or MYND Online National Trade, to enable discounting of invoices and bills of exchange on a PAN India basis. Micro, Small & Medium-sized Enterprises ("MSME"), large corporations, including PSUs and government departments ("the Buyer"), and banks/NBFCs ("the Financier") will be key participants. M1 promises to provide cash flow financing for MSMEs' supply chains at affordable rates through an open bid procedure involving several lenders. According to RBI standards, M1 financing shall be "Without Recourse" to MSME suppliers. To secure the validity of the underlying transaction, M1 will make use of the most recent technologies.
How much funding has M1xchange raised?
M1xchange has raised $4.7M across 1 round on record. The most recent is an undisclosed round of $4.7M announced in Nov 2022.
When did M1xchange last raise funding?
M1xchange's most recent funding round on record is an undisclosed round of $4.7M, announced in Nov 2022.
Who is the CEO of M1xchange?
Sundeep Mohindru is listed as CEO at M1xchange.
Where is M1xchange headquartered?
M1xchange is based in Gurgaon, Haryana, India.
How many employees does M1xchange have?
M1xchange is in the 51-100 employee band.
How does M1xchange's funding compare to other Financial Services startups?
M1xchange's latest round of $4.7M is below the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's M1xchange Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for M1xchange is left off this page rather than filled in.
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