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M1Xchange: Trade Receivables Discounting System

It is the first trade receivables exchange licensed by RBI. It has 2500+ Enterprises transacting; 31 Banks financing. IT has funded $550 million in last 18 months. A Platform tested and adopted by global banks.

Highlights

  • A blockchain enabled Trade Receivables Discounting System
  • Reduced Procurement Cost
  • Improved Vendor Management
  • Working Capital Lifecycle Management
  • Increased Business Volumes
  • Lower Cost of Financing
  • Collateral Free Financing
  • Customers include- TVS, Daikin, IOC, GAIL, Apollo Tyres, Toyota, Sandhar

Product Overview

  • Strong KYC & AML Controls
  • Fraud Checks
  • (Pattern, VAT, E-Way Bill)
  • Duplicate Invoice check using Blockchain
  • Digital Signatures
  • S OCR
  • ERP integration Security Best Practices