Kaustubh Srivastava, Senior Director, M1xchange
M1xchange, which facilitates invoice discounting for MSMEs to provide them working capital at competitive rate of interest, expects over one lakh MSMEs to be registered on this platform by the first half of the next financial year.
The platform has till date facilitated ₹2 lakh crore worth of invoice discounting with more than 60,000 MSMEs.
“On our platform, we are adding about 1000 MSMEs every month, which means by the end of this financial year, we should have about 70,000 MSMEs on our platform. Hopefully, we should be able to cross one lakh MSMEs by H1FY27,” Kaustubh Srivastava, Senior Director, M1xchange, told businessline.
The country’s leading RBI-licensed TReDS platform is looking to facilitate disbursing of ₹1.25 lakh crore worth of loans to MSMEs through the platform for this financial year.
“Backed by increasing numbers of MSMEs and corporates on our platforms, we are looking to disburse ₹1.25 lakh crore worth of loans in FY26. It would be around 70 per cent growth year-on-year over FY25,” Srivastava said.
The platform had processed over ₹78,000 crore worth of total value of invoices in FY25.
“More than 3000 corporates are there on the platform right now. It includes a lot of PSUs, a lot of MNCs, and very large corporates. On this platform, we have over 69 banks and NBFCs,” Srivastava said.
“This platform has a very low rate of NPAs compared to all the banks. Out of ₹2 lakh crore that we have financed till date, only ₹32 crore has become NPAs. If you compare with any bank, this is better than the NPA ratio of even the best of banks,” he added.
M1xchange is a TReDS (Trade Receivables Discounting) exchange that started in April 2017. It facilitates the financing of trade receivables of MSMEs from corporate buyers through ‘factoring’ or ‘invoice discounting’ by financiers (Banks and NBFC). Transactions on the TReDS platform happen digitally and start when the MSME supplier of goods and services raises the invoice, and the buyer validates the same. This permits the financiers to bid against the verified and approved invoice.
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Published on August 19, 2025
