M1xchange Crosses Rs 78,000 Crore in MSME Invoice Financing

A Breakthrough Year for India’s Leading TReDS Platform

In a financial year packed with milestones, M1xchange, India’s top RBI-approved TReDS platform, has clocked an astonishing Rs 78,000 crore in invoice discounting for FY 2024-25. With heavyweight backers like Jindal Stainless Limited (JSL) and Amazon, the platform hasn’t just grown—it has doubled its performance year-on-year, processing over Rs 1.7 lakh crore in total transactions.

Second Half Surge: From Rs 32,000 Cr to Rs 46,000 Cr

The real story lies in the latter half of FY25, where M1xchange’s transaction volume skyrocketed by 150%—leaping from Rs 32,000 crore in the first six months to a staggering Rs 46,000 crore in the next six.

The platform saved its best for last, hitting an all-time high in March 2025 by facilitating Rs 10,000 crore in invoice financing in a single month—a clear sign of its deepening influence in digital MSME lending.

Solving India’s Rs 25 Lakh Crore MSME Credit Crisis

A recent CRISIL study reveals a harsh truth: India’s small businesses face a credit shortfall of Rs 20-25 lakh crore, with barely 20% of 64 million MSMEs qualifying for traditional bank loans.

How M1xchange is Changing the Game

1,000+ Corporates Onboarded (800+ in just the last six months)
Tier 2 & 3 MSMEs Gaining Formal Credit Access
Faster Payments at Lower Rates, easing cash flow pains

Why MSMEs Are Switching to M1xchange

🔹 Cuts Borrowing Costs by 5-8% – Savings that trickle down to end buyers.
🔹 Safer Than Traditional Loans – Its low-default model reassures lenders to fund riskier BBB-rated firms.
🔹 Government’s TReDS Push – Policy support is driving mass adoption.

Straight from the Top: Sundeep Mohindru’s Take

The platform’s director, Sundeep Mohindru, shared his excitement:
"This isn’t just growth—it’s a validation of our mission. When we started, even getting corporates to join was tough. Today, with Rs 78,000 crore in discounts and Rs 10,000 crore in a month, we’re proving that fintech can bridge India’s MSME credit gap."

What’s Next for Digital MSME Finance?

With Amazon and Jindal Stainless in its corner, M1xchange isn’t slowing down. Its tech-driven, low-cost model is set to democratize financing—helping small businesses across India secure funds faster, cheaper, and without the red tape.