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M1 For Financiers

M1 For Financiers


financiers, trade receivables financing

Financiers - Banks and other accounts receivable financing companies are the third pillar of TReDS Exchange. The financiers have the task of bidding on invoices which have been uploaded by the suppliers and approved by the buyer. The financiers bid on the Factoring Units giving suppliers a choice to select the most favourable bid to receive funds.

With M1 Exchange acting as trade receivables service provider, Financiers get the opportunity to get quality assets in the MSME Space across a wide geography in minimal time, cost and effort. M1 automates the entire lending process, thereby bringing down turnaround time and enhancing customer experience. Financiers can also bank on this Mynd’s TReDS platform since it allows them to participate in an evolving market scenario that's increasingly being driven by new Financial Technology initiatives and solutions.

Benefits for Financiers


Fulfil PSL targets more efficiently in less time

With the initiation of TReDS, Financial institutions have the opportunity to build a quality PSL asset portfolio in MSME space. Earlier, most banks used to meet PSL targets at the end of the fourth quarter. This trend has now got a much needed boost as banks, especially the small finance banks, find TReDS to be a key business opportunity in their bid to reach out to more customers.

Reduced operational cost

Since M1 is a centralised system that invites an improved client base, banks as well as NBFCs it benefits them immensely in the form of cost reduction. Also, the platform is an online exchange service for receivables, this ensures less paperwork and hence a faster rate of completing necessary official processes. On top of that financiers also get access to a readymade client base to connect with more bankable leads.

Informed decisions for enhanced profitability

M1 provides financiers with a facility to make better decision making through key information availability. The three key participants - Suppliers, Buyers and Financiers in the TReDS process ensure effective data collection and analysis which make it possible for each player - including financiers to take decisions on key business aspects in a more productive manner.

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