M1xchange - About the company
M1xchange is a series A company based in Gurugram (India), founded in 2017 by Sundeep Mohindru, Anurag Chaturvedi and Amit Sachdev. It operates as an Operator of a digital marketplace for discounting trade receivable invoices. M1xchange has raised $10M in funding, with a current valuation of $*****. The company has 430 active competitors, including 126 funded and 38 that have exited. Its top competitors include companies like Ebury, Lendo and CapBay.
Company Details
Operator of a digital marketplace for discounting trade receivable invoices. This platform facilitates the exchange of invoices between suppliers and financial institutions to enable early payment. It provides a system for buyers to validate invoices and for financiers to bid on the receivables. The process allows businesses to access liquidity by converting outstanding invoices into cash. The infrastructure supports the electronic processing of trade finance transactions to improve working capital management for participants.
- Website
- m1xchange.com
- Social
- Email ID
- *****@m1xchange.com
- Phone Number
- +91 **********
- Registered Address
- F-83EAST OF KAILASH, NEW DELHI, Delhi, India, 110065
Key Metrics
Founded Year
2017
Location
Gurugram, India
Stage
Series A
Total Funding
$10M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 28, 2025
Investors
Ranked
17th among 430 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2026
Employee Count
468 as on May 31, 2026
Legal entities associated with M1xchange
M1xchange is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Mynd Solutions Private Limited CIN: U74140DL2002PTC114073 , India, Active | Feb 01, 2002 | ₹100 - ₹500 Cr (As on Mar 31, 2026) | 468 (As on May 01, 2026) |
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M1xchange's funding and investors
M1xchange has raised a total funding of $10M over 2 rounds. Its first funding round was on 2019. Its latest funding round was a Series A round on Oct 25, 2023 for $*****. 4 investors participated in its latest round. M1xchange has 1 institutional investor.
Here is the list of recent funding rounds of M1xchange:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 25, 2023 | 7994735 | Series A | 8919928 | 6420011 | 2075330 | 3459231 |
2019 | 1527 | Seed | 5684 | 9380 | 4295 |
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M1xchange's founders and board of directors
Founder? Claim ProfileThe founders of M1xchange are Sundeep Mohindru, Anurag Chaturvedi and Amit Sachdev. Sundeep Mohindru is the CEO of M1xchange.
Here are the details of M1xchange's key team members:
- Sundeep Mohindru: Co-Founder & CEO of M1xchange and founder of 2 other companies, M1 NXT and Mynd Integrated Solutions. They serve on the boards of 3 companies.Contact Info: 2 email addresses and 1 phone number
- Anurag Chaturvedi: Co-Founder & CTO of M1xchange and founder of 2 other companies, M1 NXT and Mynd Fintech. Contact Info: 1 email address and 1 phone number
- Amit Sachdev: Co-Founder & COO of M1xchange. Contact Info: 1 email address
M1xchange's Board of Directors
M1xchange's board has 8 active members. Brijesh Kumar Agrawal, Sundeep Mohindru, Vikram Suhas Godse and Rajeev Garg are part of team and Vivek Misra, Neeru Mohindru, Rajendra Kumar Saraf and Vijay Premji Thacker are independent board members.Here is the list of M1xchange's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 20y 3m | |
Investor | - | Current | 4y 4m | |
Investor | - | Current | 7y 8m | |
v{upsfp | Investor | kwxr{if | Current | 3y 4m |
Independent board member | - | Current | 24y 8m | |
osefdpr | Independent board member | - | Current | 9y 7m |
pbkjphw | Independent board member | - | Current | 8y 3m |
mqa{rqb | Independent board member | - | Past | 8y 4m |
View details of M1xchange's Founder profiles and Board Members
M1xchange's employee count trend
M1xchange has 468 employees as of May 26. The total employee count is 35.0% more than what it was in May 25. Here is M1xchange's employee count trend over the years:
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M1xchange's Competitors and alternates
Top competitors of M1xchange include Ebury, Lendo and CapBay. Here is the list of Top 10 competitors of M1xchange, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Ebury 2009, London (United Kingdom), Acquired | Provider of global payment solutions, currency risk management, and business lending | $374M | 80/100 | |
2nd |  Lendo 2019, Riyadh (Saudi Arabia), Series B | Online platform for invoice financing | $35.2M | 69/100 | |
3rd | Provider of AI-based P2P marketplace for supply chain financing solutions | $27.5M | 68/100 | ||
4th |  Mynd Fintech 2002, Gurugram (India), Series A | Online marketplace for supply chain financing | $16.3M | 64/100 | |
5th | _1580727283460.png?devicePixelRatio=2&height=30&width=30){kind=logo} First Circle 2016, Taguig (Philippines), Series B | Online platform for trade financing | $37.1M | 63/100 | |
6th | Provider of tech-led financial services and customised credit solutions for startups and their ecosystem partners | $62.6M | 63/100 | ||
7th | Online marketplace for trade financing | $71M | 60/100 | ||
8th |  Twinco Capital 2016, Alcobendas (Spain), Series B | Provider of supply chain finance solutions including purchase order funding | $36M | 60/100 | |
9th | Provider of SaaS-based trade financing solutions | $205M | 59/100 | ||
10th | Payment services, trade finance & debtor finance online for SMEs in Australia | $20M | 59/100 | ||
17th | Operator of a digital marketplace for discounting trade receivable invoices | $10M | 64/100 |
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M1xchange's Investments and acquisitions
M1xchange has made no investments or acquisitions yet.
Reports related to M1xchange
Here is the latest report on M1xchange:
News related to M1xchange
Filter this listMedia has covered M1xchange for a total of 5 events in the last 1 year, 2 of them have been about company updates.
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M1xchange Considers Equity Capital Raise Amid Geographic Expansion PlansVCCircle•Jul 03, 2026•M1xchange
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M1xchange crosses Rs 1,00,000 crore in annual throughput in FY25–26.Indiatimes•Feb 10, 2026•M1xchange
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M1xchange drives INR 100 Crore monthly volumes in deep-tier financing in IndiaMedia Bulletins•Nov 06, 2025•M1xchange
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M1xchange to nearly double trade receivables in FY26, eyes Rs 500 crore revenue before IPO, says CFOIndiatimes•Oct 09, 2025•M1xchange
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M1xchange Partners with Tata AIG to Launch Trade Credit InsuranceM1xchange•Aug 29, 2025•M1xchange, Tata AIG General Insurance
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M1xchange expects over 1 lakh MSMEs to be on its platform by the first half of the next fiscalBusiness Line•Aug 19, 2025•M1xchange
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