M1 NXT Partners with Singapore-based Air8 to Expand Global Trade Financing for SMEs

April 28, 2025: M1 NXT, an international trade financing platform, has announced its strategic partnership with Air8, a global supply chain financier, to enhance cross-border trade finance accessibility for small and medium enterprises (SMEs) worldwide. This strategic partnership aims to make cross-border trade financing more accessible, helping businesses navigate the complexities of cross-border trade and mitigate risks associated with international buyers.

The Indian MSME export sector has witnessed remarkable growth, with total export value reaching ₹12.39 lakh crore in 2024-25. The number of MSME exporters has surged to 173,350, since 2020-21. On the global front, the MSME credit gap is estimated at $5.7 trillion, highlighting the urgent need for accessible trade financing solutions presenting a vast opportunity for Trade finance.

Air8 is a digital venture of LFX, an affiliate of the world’s leading supply chain solutions manager, Li & Fung group, nurturing SME exporters in the emerging markets for a sustainable future. Since its inception in 2021, Air8 has achieved over USD 1 billion in annual Gross Merchandise Value (GMV) and has financed suppliers across multiple countries.

M1 NXT is a subsidiary of Mynd Solutions Pvt Ltd, India’s leading TReDS platform operator. M1 NXT, operating under the International Trade Financing Services (ITFS) framework at GIFT City, connects exporters and importers with global financial institutions, simplifying access to working capital.

Through this partnership, Air8 joins M1 NXT as a financier, expanding financing opportunities for businesses engaged in global trade. With expertise in risk assessment and supply chain financing, Air8 will provide fast, reliable, and cost-effective financing solutions, enabling SMEs to optimize working capital and scale their international operations. This will further allow M1 NXT to offer tailored financial solutions, ensuring greater access to trade finance for SMEs navigating global markets.

“This partnership strengthens M1 NXT’s mission to bridge the global trade finance gap for SMEs,” said Munindra Verma, CEO of M1 NXT. He added, “By integrating our robust ITFS platform with Air8’s deep experience in supply chain finance, we are accelerating financial inclusion and liquidity for companies that participate in international trade. We are creating a more inclusive and streamlined ecosystem, one that allows SMEs to gain access to working capital, reduce risks, and grow into global markets with confidence.”

Ankit Verma, India Lead of Air8 said, “The global MSME credit gap of $5.7 trillion underscores the urgent need for accessible and efficient financing solutions. This gap highlights the urgent need for accessible and efficient financing solutions. Our collaboration with M1 NXT will empower businesses by providing them with the financial tools to scale operations, manage risks, and explore new opportunities. Together, we aim to bridge the credit gap and support the growth of vibrant SME ecosystems worldwide.”

The collaboration with Air8 reinforces M1 NXT’s commitment to driving financial inclusion in cross-border trade.