M1xchange’s record business growth shows MSMEs’ credit gap is narrowing, says director of invoice discounting platform
Invoice discounting platform M1xchange has seen a 100% year-on-year growth in business, at Rs 32,000 crore, in the first half of FY24-25. The company says this underscores its role in reshaping alternative financing for micro, small and medium enterprises (MSMEs) and addressing the credit gap.