Gandhinagar, May 3 -- M1xchange, an invoice discounting platform, announced a strategic partnership with the Gujarat government on Friday to provide collateral-free working capital access to MSMEs based in Gujarat.

The partnership will benefit small businesses supplying to state government departments, public sector undertakings (PSUs), and private enterprises.

Under the memorandum of understanding (MoU), M1xchange and the Gujarat government will collaborate to enable early payment solutions for MSMEs at competitive rates.

This initiative aims to address the persistent challenge of delayed payments that often constraints MSME growth and operations.

M1xchange operates as one of the Trade Receivables Discounting System (TReDS) platforms...