M1xchange is a TReDS (Trade Receivables Discounting System) platform started in April 2017. From humble beginnings it has grown manifold at a quick pace with tremendous diligence and hard work of the management and every member of M1.

M1xchange facilitate the financing of trade receivables of MSMEs from corporate buyers through ‘factoring’ or ‘invoice discounting’ by financiers (Banks and NBFC). In a relatively short span of time, M1xchange has on boarded more than 60+ Banks, 1600+ corporates, and 30,000 + MSMEs and has facilitated discounting of invoices in excess of Rs 95,000 Crores.

Transactions on TReDS platform happen digitally and starts when the MSME Supplier of Goods & Services, raises the invoice and the Buyer validates the same. This permits the financiers (Banks/ NBFCs) to bid against the verified and approved invoice. Once the supplier accepts the bid, the payment is processed in 24 hrs and credited to the MSMEs bank account. Through this platform, M1xchange promises MSMEs greater access to finance" at competitive rates and without providing any collateral, further the financing is without recourse MSMEs pass on the risk of receivables to the financiers (NBFCs/Banks) by selling their receivable. This financing is without collateral for MSME Enterprises.

M1xchange, run by Mynd Solutions Pvt. Ltd. has raised venture capital from Amazon, IndiaMart, Mayfield India, SIDBI Ventures and BeeNext Asia. This investment has enabled M1xchange to invest further into technologies like blockchain, enhance its network and boost business growth for the company.

M1xchange has integrated with multiple third party systems, e-commerce portals like GeM , ERP systems of corporations and the financiers’ core banking systems. As a result, the process of invoice discounting is fast, flexible and hassle free with full maintenance of confidentiality. Today all the stakeholders are contented with the results of the new digitalized and restructured version of Supply chain finance and the volume is growing at an average of 100% y-o-y.

To learn more, visit www.m1xchange.com

The Veefin Group is an Indian Financial Technology conglomerate, consisting of nine companies, focused on becoming the World’s #1 Working Capital Platform. Serving Corporates, Banks, NBFCs & Fintechs, Veefin offers a diverse range of tailor-made products and services.

Founded in 2020, Veefin introduced the world to the first-of-its-kind, out-of-the-box Supply Chain Finance (SCF) technology solution. Its SCF solution attracted top Banks and Financial Institutions, making Veefin the undisputed global leader in SCF technology.

Expanding its portfolio, Veefin now offers AR/AP Automation & GST Reconciliation for Corporates, a complete Transaction Banking suite, a 24/7 Transaction Monitoring System for Onboarding Risk Management, an enhanced AI-led Digital Lending suite, and more. With over 1,000 employees and 500+ clients, Veefin operates from offices in India, UAE, and Bangladesh.

Veefin’s mission is to provide cutting-edge software applications toCorporates, Financial Institutions, and Governments for them to offer MSMEs the most suitable credit products thus aiding in reducing the credit gap faced by MSMEs globally.

To learn more, visit www.veefin.com

Vayana is India's Largest Supply Chain Finance Platform offering a range of Trade credit and Trade enablement solutions for all the tiers of Supply Chains. Financing close to USD 35 Billion+ till date with over 3,00,000 enterprises across 3,000+ supply chains, Vayana is the preferred partner in supply chain finance. As an RBI licensed Payment Aggregator, Vayana operates as one of India’s largest B2B payment platforms.

Vayana connects corporates and their trade ecosystems to provide digital, convenient, and affordable access to credit for their payables and receivables. With its proprietary technology, Vayana has processed over 5 million financing transactions and offers a zero-change experience to customers. The network today spans across 600 cities and 2000+ pin codes in India and extends to 23 countries around the globe.

To enable credit flow to deep tiers of the supply chains, Vayana also offers risk assessment and monitoring solutions for supply chains. The company is increasingly catering to the smallest of MSMEs in the long tail of supply chains.

Vayana is India’s largest GSP (GST Suvidha Provider), facilitating GST, E-Way bill filing and E- invoicing for numerous corporates and lakhs of SMEs. This platform has processed over 8 billion GSP API calls, with zero downtime since its launch with 1 in every 4 e-invoices being generated through Vayana.

To help businesses assess risk in their distribution networks and supply chains, Rubix Data Sciences, a Vayana group company, offers the award-winning Rubix ARMS™ Platform for monitoring credit, supplier, and counter-party risk of their customers, distributors, dealers, suppliers, and borrowers. 1300 corporates, banks, credit insurance companies, and fintechs depend on Rubix to annually assess and monitor the risk of over 300,000 businesses in India and overseas.

Furthering its objective of bringing Supply Chain Finance to every business, Vayana is one of the first entities to operationalise its ITFS (International Trade Finance Services) platform through Vayana TradeXchange at GIFT City, under the guidelines issued by International Financial Services Centres Authority (IFSCA).

To learn more, visit www.vayana.com

Global PayEX is a US based J.P. Morgan-backed B2B Fintech SaaS that offers AI-driven platform enabling Account Receivables and Account Payables (AP) automation. We offer an innovative suite of working capital optimization solutions. Alongside our current emphasis on collaboration with banks and automation, we have also developed a product stack for B2B financing.

We empower businesses to achieve all working capital KPIs, bring in sales force effectiveness, and streamline customer relations. Our solutions bring measurable improvement in DSO, working capital efficiency, and dispute reduction and utilize intelligent automation to reduce cycle times.

Global PayEX partners with several leading global and regional banks and serves 75+ clients across multiple countries, including Fortune 500 companies such as ITC, Tata Consumers, Bridgestone, JSW, Vguard, Crompton, Marico, Hafele, Britannia, Sanmar Group, 3M, GSK, and many

Awards & Recognition:

• Awarded 'Best Accounts Payable & Receivable Solution' at the TMI Awards for Technology and Innovation (Jan 2024).
• Winner of the 'Best of the Best Fintech' competition at Sibos 2023, organized by SWIFT, emerging as a leader among fintech startups.
• Honored with the 'Leading B2B Payments Platform' award at FinTech Festival India 2024.
• Consistent technology partner for Adam Smith Award winners in 2019, 2020, 2022, and 2023.
• Featured inThe CFO Tech Stack Market Map by CB Insights in the 'Cash Application Automation' category.

To learn more, visit www.globalpayex.com

IRIS Business Services Limited [IRIS] is India’s only listed Fintech (Financial Technology) company operating in the niche of Regtech (Regulatory Technology). Headquartered in Mumbai, India with subsidiaries in USA, Singapore and Italy, IRIS provides a stack of structured data solutions for organizations globally. Recognized by Indian government as authorized Invoice Registration Portal (IRP) in 2022 to issue e-invoices to businesses and as a GST Suvidha Provider (GSP) since 2017, IRIS offers a suite of tax tech solutions for businesses of all sizes via its taxtech arm – IRISGST.

IRISGST provides a comprehensive range of services encompassing GST filing, ITC reconciliation, E-way bill management, E-invoicing, Litigation management, Notice management, GSTIN and PAN-based searches, Vendor monitoring and more. These solutions are available through cloud-based platforms as well as core and advanced APIs complemented by assisted services.

With more than 1000 satisfied customers, 2,00,000+ GSTINs processed, 5,00,000+ app downloads of Peridot – a world class GSTIN app for taxpayers for their GST compliance management and more than 35 mn+ e-invoices processed, IRISGST is the finest tax Compliance partner for any enterprise across the country.

To learn more, visit www.irisgst.com

Dice offers a seamless platform that unifies procurement, travel and expenses, invoices, and subscription payments. Built on advanced UPI and banking architectures, Dice integrates digital APIs, marketplaces, and a no-code approval workflow to ensure compliance and streamline purchasing processes. Our platform enhances control over employee discretionary spending and corporate purchases, all within a single, easy-to-navigate interface.

As India's most comprehensive spend management solution, Dice provides unparalleled visibility into financial operations, allowing finance leaders to make data-driven decisions and optimize working capital. Trusted by over 450,000 users, Dice empowers organizations to achieve substantial cost savings, improve cash flow, and boost overall profitability. Experience a strategic shift in spend management with Dice—where every transaction is transparent, every decision is informed, and every rupee is optimized.

To learn more, visit www.dice.tech