Mynd Fintech Expands Supply Chain Finance Through Strategic Partnership With C2FO India

Mynd Fintech, a subsidiary of M1xchange, has entered into a strategic partnership with C2FO India to significantly scale early payment and supply chain finance solutions across the country. The collaboration aims to achieve annual transaction volumes exceeding ₹50,000 crore, serving a network of over 140 large corporations and 200,000 suppliers. This move consolidates Mynd Fintech’s position as a dominant player in the Indian early payment ecosystem by integrating advanced technology with established regulatory infrastructure.

The partnership involves Mynd Fintech licensing the C2FO early payment platform and absorbing C2FO India’s existing team of more than 100 supply chain finance specialists to ensure operational continuity. By merging these resources, the combined entity will cater to nearly half of the Nifty 50 companies, providing a robust digital gateway for enterprise working capital. C2FO’s global parent, Pollen Inc., brings a track record of over $500 billion in worldwide transactions, which will now be leveraged to optimize liquidity for Indian corporates and their extensive supplier networks.

A critical component of this deal is the integration of Mynd Fintech’s UFX platform and M1xchange’s TReDS (Trade Receivables Discounting System) infrastructure with C2FO’s dynamic discounting capabilities. This allows corporate customers to transition from fragmented financing relationships to a single, unified platform that unlocks liquidity from over 80 banks and non-banking financial companies (NBFCs). For micro, small, and medium enterprises (MSMEs), this means faster and more predictable access to working capital at competitive rates, effectively reducing reliance on informal credit markets.

Leadership from both organizations emphasized the transformative potential of this ecosystem for the Indian market. Sundeep Mohindru, Promoter and Director of M1 Group, noted that the partnership advances the goal of building a comprehensive digital working capital environment by combining C2FO’s market leadership in early payments with M1xchange’s TReDS expertise. Basant Kaur, COO and Country Head of C2FO India, added that the synergy of technology and professional talent will accelerate the growth of supply chain finance, creating greater value for businesses across the corporate and financial sectors.