Anticipates approximately 100,000 Micro, Small and Medium Enterprises (MSMEs) to join the M1xchange platform during the initial phase of the forthcoming fiscal year.
M1xchange Continues to Grow, Facilitating Trade for MSMEs
M1xchange, the leading RBI-licensed TReDS platform in India, is making significant strides in facilitating trade for Micro, Small, and Medium Enterprises (MSMEs). With over 60,000 MSMEs currently onboarded and adding around 12,000 new MSMEs monthly, M1xchange is set to continue its growth trajectory.
The platform, which started in April 2017, has already processed over ₹78,000 crore worth of total invoices in the last financial year, with a monthly peak of ₹10,000 crore in March 2025. The cumulative transaction volume since its inception exceeds ₹2 lakh crore.
M1xchange's growth focus is on MSMEs in key states and digital expansion initiatives. The platform has achieved significant geographic penetration, particularly in MSME-rich states like West Bengal, Uttar Pradesh, Rajasthan, Tamil Nadu, and Maharashtra, with transactions facilitated worth about ₹20,000 crore in West Bengal alone.
Looking ahead, M1xchange aims to significantly increase MSME participation on its platform. By the first half of the next financial year, the platform expects to have over one lakh MSMEs registered. In terms of loan disbursement, M1xchange is looking to facilitate disbursing ₹1.25 lakh crore worth of loans to MSMEs through the platform, representing a 70% year-on-year growth over the previous financial year.
The platform works by allowing MSME suppliers of goods and services to raise invoices, which are then validated by the buyer. Financiers (banks and NBFCs) bid against the verified and approved invoice on the M1xchange TReDS platform. The rate of Non-Performing Assets (NPAs) on M1xchange is low compared to all banks, with only ₹32 crore becoming NPAs out of ₹2 lakh crore financed till date.
M1xchange provides working capital to MSMEs at competitive rates of interest. Currently, more than 3000 corporates are on the M1xchange platform, including Public Sector Units (PSUs), Multinational Corporations (MNCs), and large corporates.
In summary, M1xchange is a growing force in the Indian MSME financing ecosystem, providing a digital platform for invoice discounting that has already facilitated ₹2 lakh crore worth of invoice discounting with over 60,000 MSMEs. With a focus on growth and digital expansion, M1xchange is set to continue making a significant impact in the MSME sector.
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