M1xchange, an online invoice discounting and factoring solutions provider, has exceeded Rs 1,00,000 crore in throughput value. The platform's Small-to-Small (S2S) financing initiative is bridging the credit gap for tier 2 and tier 3 MSMEs, integrating them into the formal credit ecosystem. With a consistent 100% year-on-year growth, M1xchange discounted invoices worth INR 43,000 crores in FY24. The company aims to boost MSME growth by providing competitive interest rates, prompt disbursals, and streamlined processes. They have also signed MoUs with state governments to offer liquidity to local MSMEs.
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