M1xchange Pioneers Seamless DIY Digital Onboarding as Rs.250 Cr+ Corporates Rush to Meet TReDS Mandate

Bangalore, March, 2025: With just 10 days left for mandatory registration on the Trade Receivables Discounting System (TReDS) for companies with an annual turnover of more than INR 250 crore as announced by the Ministry of MSME vide notification CG-DL-E-07112024-258523 dated November 7, 2024, M1xchange, India’s leading RBI-licensed TReDS platform, has recorded a 150% growth in corporate registrations nationwide over the past three months. The platform anticipates a similar surge from Bangalore-based enterprises as the deadline approaches.

Bangalore, a central economic hub and the technology capital of India is home to 126,714 active registered companies. Beyond its IT dominance, Bangalore has a thriving ecosystem of MSMEs and large enterprises spanning multiple industries. The city’s strong industrial base includes key sectors such as Information Technology, Biotechnology, Aerospace & Defence, Manufacturing, and E-commerce. As companies seek to ensure compliance and optimize cash flow, M1xchange is at the forefront of enabling seamless, collateral-free financing solutions.

To accelerate the adoption of TReDS, M1xchange has launched a seamless DIY Digital Buyer Onboarding process, enabling corporates to register effortlessly. This fully digital experience ensures that companies can complete the process in under 30 minutes, eliminating manual paperwork and simplifying compliance.

Key Features of the DIY Digital Buyer Onboarding Process:

· Fully Digital & DIY – No physical paperwork, complete registration at your convenience

· 30-Minute Registration – Fast and hassle-free onboarding

· Automated Data Fetching – Business details and KYC auto-verified from trusted sources

· Seamless Digital MSA Signing – Sign the Master Services Agreement instantly.

· Secure & Compliant – Fully adheres to RBI and regulatory guidelines.

By leveraging real-time KYC verification, automated data fetching, and digital agreement signing, M1xchange is redefining efficiency and ease of use for corporate buyers.

Commenting on the development, Sundeep Mohindru, Promoter & Director, M1xchange, said:

“The government’s decision to mandate TReDS registration for corporates with a turnover of ₹250 Cr+ is seeing wider adoption of the platform. M1xchange is committed to empowering corporates and their MSME vendors by ensuring effortlessly comply with the mandate. Our Seamless Digital Buyer Onboarding process enables enterprises to self-register without the hassle of physical documentation, unlocking the full potential of invoice financing. At M1xchange, our vision is to become the most trusted business partner for our stakeholders by simplifying access to working capital through digital innovation. With the government mandating TReDS registration, our focus remains on making financial inclusion seamless and efficient for businesses across India.”

With a pan India presence, M1xchange has partnered with over 65 Banks, more than 2,100 corporates, and over 50,000 MSMEs to date. The TReDS platform has facilitated the discounting of over ₹1.6 lakh crore worth of invoices. Additionally, M1xchange is the first to expand the scope of TReDS with its innovative small-to-small financing initiative, tested in RBI’s Third Cohort under the Regulatory Sandbox (RS). This initiative has successfully brought tier 2 and tier 3 MSMEs into the formal credit system, enabling them to benefit from early payments at competitive rates.