Beenext Asia, Singapore and Mayfield have jointly made an investment of USD 4.5 Million in the current equity round in M1xchange, largest among the three holders of the Trade Receivables Discounting System (TReDS) licenses issued by RBI. The round was led by incoming investor BeeNext from Japan and existing investor Mayfield followed on in this round as well. The utilisation of funds by M1xchange will be to expand its network across India and emerge as a comprehensive supply chain finance leader.

(India Web2)