Trade discounting platform M1xchange attracts $10-M from Filter Capital via secondary deal

Gurugram-based M1xchange has raised INR 84 crore (USD 10 million) from Filter Capital through a secondary transaction to support its digital supply chain finance operations targeting micro, small, and medium enterprises (MSMEs).Founded by Sundeep Mohindru and Vivek Misra, M1xchange operates as a Trade Receivables Discounting System (TReDS) platform, facilitating invoice financing of approximately INR 10,000 crore (USD 1.2 billion) monthly for MSMEs, corporates, and financiers.