Filter Capital Pumps In Rs.85 Crores In Trade Discounting Platform M1xchange

Filter Capital Pumps In Rs.85 Crores In Trade Discounting Platform M1xchange

It averred that India’s supply chain finance sector was transforming rapidly

Filter Capital, the growth-stage investment firm, has invested Rs.85 crore (USD 10 million) in M1xchange, the trade receivables discounting system platform.

The financing highlights Filter's belief in the digital supply chain’s potential to drive financial access for India's micro, small and medium (MSME) businesses.

Established by Sundeep Mohindru and Vivek Misra, Filter facilitates invoice financing of Rs.10,000 crore a month. It enables MSMEs with prompt access to working capital and drives adoption across corporates, vendors, and financial institutions.

The firm illustrated that India's supply chain finance sector was witnessing accelerated growth. This was driven by the need for faster-working capital access for MSMEs and digital transformation across industries.

It added that with the TReDS framework of the Reserve Bank of India (RBI), digital platforms were becoming the backbone of MSME financing.

Zareer Shroff, Principal at Filter Capital, said, "M1xchange has consistently demonstrated the ability to keep innovating while delivering revenue growth coupled with financial discipline. It has built a scalable, three-sided exchange with network effects and a clear win-win proposition for all stakeholders.”

M1xchange stated that it had facilitated over Rs.1.75 lakh crore (USD 20 billion) of invoice discounting.

Nitin Nayar, Co-founder and Managing Director, Filter Capital, remarked, "India has over 60 million MSMEs, contributing 30 percent to the country's GDP. However, this segment remains severely underserved when it comes to access to formal credit.”