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MSME-focussed fintech startup M1xchange raises fresh funding from Beenext Asia, Mayfield

Shortpedia

Content Team
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M1xchange, a digital invoice discounting platform for micro, small and medium enterprises (MSMEs), has raised $4.5 Mn of funding led by VC firms Beenext Asia and Mayfield. Delhi-based Maple Capital Advisors acted as the financial advisors for this round of funding in M1xchange, which holds a Reserve Bank Of India license for operating a Trade Receivables Discounting System (TReDS) platform.