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MSME-focussed fintech startup M1xchange raises $10 Mn led by Amazon

Shortpedia

Content Team
Image Credit: Inc42

M1xchange, a digital invoice discounting platform for micro, small and medium enterprises (MSMEs), has raised $10 Mn in a fresh funding round led by ecommerce giant Amazon India, along with participation from existing investors BEENEXT and Mayfield. Launched in 2017 by Sundeep Mohindru, M1xchange connects MSMEs with NBFCs and banks to facilitate financing based on invoices and bills.