So far, four private entities have been licensed to operate on the invoice discounting platform viz., M1xchange, Invoicemart, RXIL, and C2FO. (Image: Freepik) In FY24, 41.6 lakh invoices amounting to ...

Bank of Ireland UK has invested £4m ($5.01m) in technology, aimed at improving its invoice finance proposition. This move provides corporate, business, and commercial customers with new self-serve ...

M1xchange, which facilitates invoice discounting for MSMEs to provide them working capital at competitive rate of interest, expects over one lakh MSMEs to be registered on this platform by the first ...

A small vendor from Gujarat supplying chemicals to a large petroleum corporation listed its invoice worth Rs 1.5 lakh on the M1xchange discounting platform. After the corporation approved the invoice, ...