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. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
