Based on the Indian market potential, M1xchange, one of the TReDS online platform for discounting trade receivables, is planning to double its customer base and reach transaction of INR 30,000 crore (US$3.9bn) in the next fiscal year, according to the company.
Since beginning its operations in 2017, M1xchange has onboarded 11,000 MSMEs on its platform and plans to reach until end of this fiscal year about 12,000-13,000 companies. For next fiscal year the company expect to serve in total 22,000 -23,000 companies.
