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The Reserve Bank of India granted approval to Mynd Solutions Pvt Limited to set up and operate the TReDS platform named M1xchange, the first trade receivable exchange in India
M1xchange TReDS
by Mynd Solutions Private Limited
What is it about?
The Reserve Bank of India granted approval to Mynd Solutions Pvt Limited to set up and operate the TReDS platform named M1xchange, the first trade receivable exchange in India. M1xchange has digitally transformed the process of gaining access to working capital for MSMEs via invoice discounting through multiple financiers. It helps MSMEs to get their funds in quick time to control their financial health and allow them to focus on their business growth. M1xchange provides a digital platform that connects MSMEs and their buyers to provide cash flow finance at competitive rates through an open bid process via multiple financiers. Financing on M1xchange is “Without Recourse” to the MSME supplier as per RBI guidelines.
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App Store Description
The Reserve Bank of India granted approval to Mynd Solutions Pvt Limited to set up and operate the TReDS platform named M1xchange, the first trade receivable exchange in India. M1xchange has digitally transformed the process of gaining access to working capital for MSMEs via invoice discounting through multiple financiers. It helps MSMEs to get their funds in quick time to control their financial health and allow them to focus on their business growth. M1xchange provides a digital platform that connects MSMEs and their buyers to provide cash flow finance at competitive rates through an open bid process via multiple financiers. Financing on M1xchange is “Without Recourse” to the MSME supplier as per RBI guidelines.
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AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to takedown@appadvice.com and your information will be removed.
