As invoice discounting gains credence, Amazon-backed M1Xchange aims to double its business

Quick Summary:

Sundeep Mohindru, Founder and CEO of trade receivables discounting platform M1Xchange, says invoice discounting helps SMEs and exporters access timely financing from multiple sources, thus increasing the cash flow in the system.

The online platform allows small and medium-sized businesses—like the vendor from Gujarat—to discount their invoices to receive payment faster.

The TReDS platform allows small and medium-sized businesses to discount their invoices to receive payment faster.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: IndiaNigerNigeria

Topics: Mohindru Discounting M1xchange Smes Invoice Financing Platform Bank Banks Crore Payment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 03:54:46 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 1664 words

Reading Time: 10 minutes read

Sentences: 80 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23753834

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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