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FinancierM1xchange launches the first TReDS mobile application in India
Kolkata, Feb 16 (UNI) M1xchange, among the three official license holders in India to set-up a digital marketplace that can sell the receivables of MSMEs to banks/NBFCs to facilitate the discounting of invoices and bills of exchange on a PAN India basis has just launched its mobile application.
TReDS platform M1xchange crosses Rs 10,000 crore worth of bills discounting serving MSMEs across 352 cities in India
Kolkata, Dec 30 (UNI) M1Xchange, among the three official license holders in India to set-up a digital marketplace that can sell the receivables of MSMEs to banks/NBFCs to facilitate the discounting of invoices and bills of exchange on a PAN India basis has crossed Rs10,000 crore recording the fastest growth & contributing to 37pc of the sector’s growth.
MSME-Focussed Fintech Startup M1xchange Raises Fresh Funding From Beenext Asia, Mayfield
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.
TReDS a good alternate source of funding for MSMEs, say experts at PHDCCI Virtual Conference
CHANDIGARH: “Trade Receivables Discounting System TReDS a good alternate source of funding for MSMEs” said experts while deliberating at a Video Conference on Trade Receivables Discounting System organized by PHD Chamber of Commerce and Industry (PHDCCI).
Digital technology helps MSMEs to reach TReDS platforms: M1xchange CEO
New Delhi, July 27 (KNN) The digital technology has helped Micro, Small and Medium Enterprises (MSMEs) to reach Trade Receivables Discounting System (TReDS) for bill discounting, said M1xchange CEO Sundeep Mohindru.
M1xchange offering free registration to MSMEs on TReDS platform
New Delhi, Jun 29 (KNN) In a bid to solve liquidity issues of Micro, Small and Medium Enterprises (MSMEs), M1xchange is offering free registration to MSMEs on trade receivables discounting system (TReDS) platform.
Corporates miss vendor payments, bill discounting platforms see red
Several large corporates which have issued ‘bills of credit’ are now demanding additional 30 to 60 days to honour their commitment. According to leading players in this segment, repayment has been delayed in 50 – 60% of the invoices due this month.
Defaults start rearing its ugly head on TReDs platform
Cash flow hiccups, confusion over terms of moratorium on term loans and working capital facilities trigger defaults Severe cash flow challenges faced by large corporates coupled with confusion over applicability of Reserve Bank of India’s three-month moratorium on term loans and working capital facilities have triggered defaults in payments to small vendors registered on the Trade Receivables Discounting System (TReDS), the online bills discounting platform.
TReDS Platform M1xchange sets benchmark by crossing Rs 5000 crores worth transaction in business volume to support MSMEs
Invoice discounting on Trade Receivables Discounting System (TReDS) platform by M1xchange has crossed Rs 5000 crores worth transaction which nearly occupies forty percent of the cumulative transaction conducted by all three platforms, making M1xchange India’s trusted and
फैक्टरिंग रेगुलेशन में बदलाव के लिए सरकार कर रही है विचार, जानिए क्या होंगे नए नियम
नई दिल्ली : अर्थव्यवस्था में सुस्ती और घटती नौकरियों के बीच केंद्र सरकार ने ढुलमुल विकास दर को तेज करने के लिए एमएसएमई (सूक्ष्म, लघु और मध्यम उद्यमों) के क्षेत्र में नई जान फूँकने…..