M1 NXT, India Exim Finserve Partners to Support MSME Exporters
M1 NXT, the International Trade Financing Services (ITFS) platform, has announced the onboarding India Exim Finserve IFSC Pvt. Ltd (Exim Finserve) as a Financer. As part of this collaboration, M1 NXT and India Exim Finserve aims to expand receivables finance solutions for Indian exporters, particularly MSMEs, who are vital contributors to the country’s economic growth. By […]
M1 NXT, India Exim Finserve Partners to Support MSME Exporters
Under this partnership, India Exim Finserve has successfully financed the export of agrochemical products by Parijat Industries (India) Pvt Ltd, a leading Indian agrochemical company, to a Buyer based in the United States of America under an export factoring arrangement. M1 NXT, the International Trade Financing Services (ITFS) platform, has announced the onboarding India Exim […]
M1 NXT Partners with Singapore-based Air8 to Expand Global Trade Financing for SMEs
M1 NXT, an international trade financing platform, has announced its strategic partnership with Air8, a global supply chain financier, to enhance cross-border trade finance accessibility for small and medium enterprises (SMEs) worldwide. This strategic partnership aims to make cross-border trade financing more accessible, helping businesses navigate the complexities of cross-border trade and mitigate risks associated […]
M1 NXT Expands Trade Financing for SMEs with Air8 Partnership
The Indian MSME export sector has witnessed remarkable growth, with total export value reaching ₹12.39 lakh crore in 2024-25. The number of MSME exporters has surged to 173,350, since 2020-21. On the global front, the MSME credit gap is estimated at $5.7 trillion, highlighting the urgent need for accessible trade financing solutions presenting a vast […]
How can supply chain finance serve as a catalyst for growth in the textile industry
Supply Chain Finance is revolutionising the textile industry by tackling key challenges such as cash flow constraints and delayed payments,informs Munindra Verma. India’s textile industry is a key driver of economic growth, contributing 2.3 per cent to GDP, 13 per cent to industrial production, and 12 per cent to exports. In the first half of FY […]
How digital trade finance is driving economic growth in emerging markets
Emerging markets such as India, Brazil, and Bangladesh are experiencing rapid economic expansion, with production and exports reaching new highs since mid-2023, according to PMI data. These markets are accelerating the global economy’s growth as demand for their products and services increases across sectors. Yet, for micro, small, and medium-sized enterprises (MSMEs) access to affordable […]
Old ways, new needs: Why banks need to change lending systems for exporters
MSMEs in India do not have any shortage of export orders but are unable to move forward as financing options have not kept up with the changes in a disruptive global market. Last November, Pankaj Prakash Sharma decided to take his organic baby food brand Happa Foods global, encouraged by the rising demand for organic […]
Mynd IFSC launches M1NXT in GIFT City to Push Trade Finance
Mynd IFSC Pvt. Ltd. has received permission from International Financial Services Centres Authority (IFSCA) for commencement of commercial operations of its International Trade Financing Services (ITFS) Platform. Mynd IFSC Pvt Ltd, a subsidiary of Mynd Solutions Pvt Ltd, the operator of India’s leading TReDS platform will operate its ITFS platform in the brand name M1NXT. […]
Centre Developing Platform To Connect MSMEs, Govt Agencies, Exporters
Aimed at providing information on trade events taking place in different parts of the world, the Centre has notified about the creation of a trade connect e-platform to connect Indian exporters, micro, small and medium enterprises (MSMEs) and entrepreneurs with various stakeholders. This includes Indian missions abroad, export promotion councils and various partner government agencies. […]
M1 NXT Appoints Munindra Verma as CEO
M1 NXT has appointed Munindra Verma as the Chief Executive Officer. Mr. Verma, earlier worked with YES Bank wherein he served as Chief Product Officer and Head of Strategy & Transformation in Transaction Banking Group at YES Bank. Mr. Verma, a seasoned banking professional with over 26 years of experience in Corporate and Transaction Banking, […]