M1xchange is India's leading RBI-licensed TReDS platform that started in 2017, connecting corporates & MSMEs to Banks/NBFCs. It is a fast & secure digital marketplace to sell receivables to financiers to facilitate bill discounting. Transactions on the TReDS platform happen digitally when an MSME supplier of goods & services raises an invoice, and the buyer validates the same. This permits the financiers(banks/NBFCs) to bid against the invoice. Once the supplier accepts the bid, the payment is processed in 24 hours and credited to the MSMEs bank account. Through this platform, MSMEs get greater access to finance at competitive rates without providing any collateral.