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M1xchange, the Amazon-backed digital invoice discounting marketplace, staged a remarkable turnaround in FY25 by swinging to profitability after ending the previous year in losses. The company reported a net profit of Rs 12 crore in FY25, compared to a loss of Rs 4 crore in FY24.
Founded in 2016, M1xchange TReDS is a digital marketplace to sell receivables to banks/NBFCs set up under the approval of the Reserve Bank of India (RBI) to facilitate the discounting of invoices and bills of exchange on a PAN India basis.
The revival was powered by strong…
