M1xchange Overview

  • Year Founded
  • 2002

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 400

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $1.25M

M1xchange General Information

Description

Developer of a trade receivables discounting system designed to facilitate secure financing at optimal cost. The company's system specializes in the digital marketplace that facilitates the discounting of trade receivables of micro, small, and medium enterprises from corporate buyers through multiple financiers, enabling businesses to access funds against their unpaid invoices at competitive rates through an open bid process.

Contact Information

Website
www.m1xchange.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • Unit No. A/04-01 to A/04-6D and A/04-07
  • 4th Floor Tower A, Reach Commercia, Sector 68
  • Gurugram, Haryana 122101
  • India
Primary Industry
Financial Software
Other Industries
Other Financial Services
Parent Company
Elpro International (Electronic Equipment and Instruments)
Vertical(s)
SaaS, FinTech, Mobile
Corporate Office
  • Unit No. A/04-01 to A/04-6D and A/04-07
  • 4th Floor Tower A, Reach Commercia, Sector 68
  • Gurugram, Haryana 122101
  • India

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M1xchange Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 27-Feb-2026 $1.25M Completed Generating Revenue
7. Secondary Transaction - Private 26-Mar-2025 Completed Generating Revenue
6. Later Stage VC 16-Nov-2022 Completed Generating Revenue
5. Secondary Transaction - Private 29-Nov-2021 Completed Generating Revenue
4. Later Stage VC (Series A2) 15-Apr-2021 Completed Generating Revenue
3. Later Stage VC (Series A2) 01-Jan-2020 Completed Generating Revenue
2. Later Stage VC (Series A) 22-Jan-2019 $4.97M $6M Completed Generating Revenue
1. Later Stage VC 30-Jun-2017 $1.03M $1.03M Completed Startup
To view M1xchange’s complete valuation and funding history, request access »

M1xchange Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A2
Series A
Ordinary 641,827 $0.136290 $0.35 $0.35 1x $0.35 1.59%
Ordinary 916,590 $0.136290 $0.74 $0.74 1x $0.74 2.27%
To view M1xchange’s complete cap table history, request access »

M1xchange Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a trade receivables discounting system designed to facilitate secure financing at optimal cost. The company
Financial Software
Gurugram, India
400 As of 2025

Bengaluru, India
 

Taguig, Philippines
 
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M1xchange Competitors (48)

One of M1xchange’s 48 competitors is Axio (Financial Services), a Formerly VC-backed company based in Bengaluru, India.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Axio (Financial Services) Formerly VC-backed Bengaluru, India
First Circle Venture Capital-Backed Taguig, Philippines
infund Venture Capital-Backed Singapore, Singapore
Fundera Formerly VC-backed New York, NY
Progcap Venture Capital-Backed New Delhi, India
You’re viewing 5 of 48 competitors. Get the full list »

M1xchange Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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M1xchange Former Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds
Amazon Smbhav Venture Fund Venture Capital Minority
Amazon.com Corporation Minority
BEENEXT Capital Management Venture Capital Minority
Filter Capital Growth/Expansion Minority
IndiaMART InterMESH Corporation Minority
You’re viewing 5 of 8 investors. Get the full list »

M1xchange Acquisitions (1)

M1xchange’s most recent deal was a Merger/Acquisition with C2FO India. The deal was made on 03-Jul-2026.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
C2FO India 03-Jul-2026 Merger/Acquisition Financial Software
To view M1xchange’s complete acquisitions history, request access »

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M1xchange FAQs

  • When was M1xchange founded?

    M1xchange was founded in 2002.

  • Where is M1xchange headquartered?

    M1xchange is headquartered in Gurugram, India.

  • What is the size of M1xchange?

    M1xchange has 400 total employees.

  • What industry is M1xchange in?

    M1xchange’s primary industry is Financial Software.

  • Is M1xchange a private or public company?

    M1xchange is a Private company.

  • What is the current valuation of M1xchange?

    The current valuation of M1xchange is .

  • What is M1xchange’s current revenue?

    The current revenue for M1xchange is .

  • How much funding has M1xchange raised over time?

    M1xchange has raised $25.4M.

  • Who are M1xchange’s investors?

    Amazon Smbhav Venture Fund, Amazon.com, BEENEXT Capital Management, Filter Capital, and IndiaMART InterMESH are 5 of 8 investors who have invested in M1xchange.

  • Who are M1xchange’s competitors?

    Axio (Financial Services), First Circle, infund, Fundera, and Progcap are some of the 48 competitors of M1xchange.

  • When was M1xchange acquired?

    M1xchange was acquired on 27-Feb-2026.

  • Who acquired M1xchange?

    M1xchange was acquired by Elpro International (Electronic Equipment and Instruments).

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