Bill discounting startups are facilitating instant payments to small and medium businesses (SMEs) against their invoices which usually wait anywhere between 45 to 90 days for clearance. Tiger Global-backed KredX, RXIL, Invoicemart and M1xchange are early-movers in the space and are gaining decent traction. Their adoption among SMEs could also be evident from M1xchange’s growth …
Continue reading “Amazon-backed fintech platform M1xchange’s scale grows 85% in FY22”
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