SignCatch, a Platform-as-a-Service provider, has successfully executed the world s first export order on the Open Network for Digital Commerce (ONDC). SignCatch collaborated with Proxtera, a Singapore-based platform, to enable B2B sellers on Bech.app to receive export orders from Proxtera s B2B buyer platform.
M1xchange raises USD 10 million led by Amazon ANI | Updated: Apr 15, 2021 17:11 IST
New Delhi [India], April 15 (NewsVoir): M1xchange has raised USD 10 million in its current funding round, which was led by Amazon and had participation from BEENEXT and existing investor Mayfield.
M1xchange is the leader amongst the holders of the three Trade Receivables Discounting System (TReDS) licenses issued by RBI, in terms of cumulative value of invoices discounted. Since the launch of the exchange, a little over 3 years ago, M1xchange has discounted invoices totaling USD 1.7 billion across 10,000 MSME suppliers. These suppliers access the website from 352 cities digitally to finance their receivables and enjoy a rate of interest that is 6%-10% per annum; which is lower than the bilateral funding rate available outside M1xchange.