About M1xchange
M1xchange is a company based in Gurugram (India) founded in 2017 by Amit Sachdev, Anurag Chaturvedi, and Sundeep Mohindru. M1xchange has raised $23.52 million across 6 funding rounds from investors including IndiaMART, Amazon and Jindal Stainless. The company has 222 employees as of April 06, 2024. M1xchange offers products and services including TReDS Platform and Invoice Discounting Service. M1xchange operates in a competitive market with competitors including mFactor, Walbing, FactorCloud, Kalypso and SOFT4Factoring, among others.
- Headquarter Gurugram, India
- Employees 222 as on 06 Apr, 2024
- Founders Amit Sachdev, Anurag Chaturvedi, Sundeep Mohindru
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Mynd Solutions Private Limited
- Date of Incorporation 01 Feb, 2002
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$39.77 (USD)-100as on Mar 31, 2023
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Net Profit
-$9.53 (USD)100as on Mar 31, 2023
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EBITDA
-$10.47 (USD)100as on Mar 31, 2023
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Total Equity Funding
$23.52 M (USD)
in 6 rounds
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Latest Funding Round
Not available
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Investors
IndiaMART
& 6 more
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Employee Count
222
as on Apr 06, 2024
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Products & Services of M1xchange
M1xchange offers a comprehensive portfolio of products and services, including TReDS Platform and Invoice Discounting Service.
Digital system for invoice discounting and quick payments to businesses.
Facilitates non-recourse funding for sellers within 24 hours.
Funding Insights of M1xchange
M1xchange has successfully raised a total of $23.52M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in M1xchange
M1xchange has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include IndiaMART, Amazon and Jindal Stainless.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital fund
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Mayfield is focused on AI innovation and venture capital investments.
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Venture capital management for SMEs and startups in India.
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Locked | Locked | Locked |
Investor details for M1xchange
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Investments & Acquisitions by M1xchange
Investment portfolio details for M1xchange
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- Transaction dates
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Financial Statements - M1xchange
Detailed financials for M1xchange
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M1xchange Comparisons
Peer comparison for M1xchange
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Competitors of M1xchange
M1xchange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as mFactor, Walbing, FactorCloud, Kalypso and SOFT4Factoring, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Develops specialized software solutions for mobile banking applications.
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Offers B2B invoice financing and embedded finance for mid-sized businesses.
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Provider of cloud-based invoice factoring software for finance companies
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Cloud-based factoring software is provided for invoice financing processes.
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Software automates invoice factoring, portfolio management, and financial reporting for businesses.
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Detailed competitors of M1xchange
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Latest news on M1xchange
Complete news archive for M1xchange
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Frequently Asked Questions about M1xchange
M1xchange was founded in 2017 and raised its 1st funding round 2 years after it was founded.
M1xchange is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Sundeep Mohindru is the current CEO of M1xchange. They have also founded this company.
M1xchange is a funded company, having raised a total of $23.52M across 6 funding rounds to date.
As of Apr 06, 2024, the latest employee count at M1xchange is 222.
Annual revenue of M1xchange is $39.77 as on Mar 31, 2023.
Provider of a digital invoice discounting platform connecting MSMEs, corporates, and financiers. The platform facilitates trade receivables discounting, offering solutions for buyers and sellers. It enables large corporate buyers to achieve savings on interest costs and MSME buyers to unlock growth through supply chain financing. Sellers can access non-recourse funding and enhance transparency in public procurement. The platform also allows financiers to fulfill PSL requirements through receivables factoring.
M1xchange's top competitors include Kalypso, FactorCloud and ibylit.
M1xchange offers TReDS Platform and Invoice Discounting Service.
M1xchange has 7 investors. Key investors include IndiaMART, Amazon, Jindal Stainless, SIDBI Venture Capital, and Beenext.