Exim Finserve joins M1 NXT to bridge trade finance gap for Indian exporters

By Gloria Methri

In a move to enhance cross-border trade financing for Indian exporters, India Exim FinServ IFSC Pvt. Ltd. (Exim Finserve) has joined hands with M1 NXT, the International Trade Financing Services (ITFS) platform operated by M1xchange. The collaboration aims to provide receivables finance solutions to Indian exporters—especially MSMEs—enabling faster liquidity, reduced trade risk, and easier access to global markets.

This strategic partnership supports open account trade finance from GIFT City, India’s emerging international financial hub, and is aligned with the growing demand for collateral-free, risk-mitigated export finance.

India’s MSME export sector is on a significant growth trajectory, with exports reaching INR 12.39 lakh crore in 2024–25 and over 173,000 MSME exporters active since 2020–21. However, a global MSME credit gap of $5.7 trillion continues to challenge small exporters’ ability to scale and compete internationally. The M1 NXT–Exim Finserve partnership addresses this gap through structured export factoring arrangements.

In its first transaction under this partnership, India Exim Finserve financed the export of agrochemical products from Parijat Industries (India) Pvt. Ltd. to a U.S.-based buyer. This transaction, executed via export factoring, marks Exim Finserve’s first deal on an ITFS platform and demonstrates the growing traction of FinTech-led trade finance from GIFT City.

“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, “The onboarding of India Exim Finserve as a financier strengthens our ability to assist Indian exporters, especially SMEs, in accessing seamless and efficient financing solutions, and we look forward to expanding this partnership that contributes to India’s global trade growth. This transaction is a prime example of M1 NXT’s commitment to creating a more inclusive and streamlined ecosystem, allowing SMEs to gain access to working capital, reduce risks, and confidently grow in the global markets.”

Hirva Mamtora, MD & CEO, India Exim Finserve, added, “Gift City is emerging as a global hub for cross-border trade finance, and we are committed to playing a vital role in bridging the gap in cross-border trade finance, especially for MSMEs. Our association with M1 NXT will enhance trade finance access for Indian exporters. This transaction reinforces our efforts to bridge the trade finance gap and ensure that Indian exporters can expand their global reach with the right financial support.”