M1 NXT partners with Air8 to expand global trade financing for SMEs

By Gloria Methri

M1 NXT, an international trade financing platform under India’s ITFS framework at GIFT City, has announced a strategic partnership with Air8, a global supply chain financier. The collaboration aims to improve access to cross-border trade finance for small and medium enterprises (SMEs), helping them manage the complexities of global trade and mitigate risks associated with international transactions.

The Indian MSME export sector continues to show strong momentum, with exports reaching ₹12.39 lakh crore in FY 2024-25 and the number of MSME exporters rising to over 173,000 since 2020-21. Globally, the MSME credit gap is estimated at $5.7 trillion, highlighting the need for innovative trade finance solutions to support small businesses involved in international trade.

Air8, a digital venture of LFX—an affiliate of global supply chain group Li & Fung—specialises in financing SME exporters across emerging markets. Since its launch in 2021, Air8 has supported suppliers across several countries and recorded over $1 billion in annual Gross Merchandise Value (GMV).

As a subsidiary of Mynd Solutions Pvt Ltd and a licensed Trade Receivables Discounting System (TReDS) platform operator, M1 NXT connects global exporters and importers with financial institutions to facilitate seamless trade financing. The platform supports exporters by enhancing access to working capital and facilitating faster cross-border transactions.

Through the partnership, Air8 will join M1 NXT as a financing partner, offering fast, cost-effective credit solutions to global SMEs. With a focus on risk evaluation and supply chain financing, Air8 will bolster M1 NXT’s ability to deliver tailored financial offerings, enabling SMEs to optimise cash flows and scale international operations.

This alliance is expected to enhance the trade finance infrastructure for SMEs and contribute to narrowing the global trade finance gap.

“This partnership strengthens M1 NXT’s mission to bridge the global trade finance gap for SMEs,” said Munindra Verma, CEO of M1 NXT. He added, “By integrating our robust ITFS platform with Air8’s deep experience in supply chain finance, we are accelerating financial inclusion and liquidity for companies that participate in international trade. We are creating a more inclusive and streamlined ecosystem, one that allows SMEs to gain access to working capital, reduce risks, and grow into global markets with confidence.”

Ankit Verma, India Lead of Air8, said, “The global MSME credit gap of $5.7 trillion underscores the urgent need for accessible and efficient financing solutions. This gap highlights the urgent need for accessible and efficient financing solutions. Our collaboration with M1 NXT will empower businesses by providing them with the financial tools to scale operations, manage risks, and explore new opportunities. Together, we aim to bridge the credit gap and support the growth of vibrant SME ecosystems worldwide.”