New Delhi – July 2026. Mynd Fintech, the subsidiary of M1xchange, the largest RBI-regulated TReDS platform in India, has completed the acquisition of C2FO India Technologies Pvt. Ltd. The transaction strengthens Mynd Fintech’s position in India’s early payment and supply chain finance market by adding C2FO India’s technology, corporate relationships, and experienced team to its existing capabilities.

The acquisition will enable Mynd Fintech to expand its range of working capital solutions while ensuring continuity for businesses and suppliers already using C2FO India’s Early Pay program.

Continuity for existing C2FO India customers

Ensuring uninterrupted service for existing C2FO India customers is a key priority for Mynd Fintech and C2FO India.

Mynd Fintech has licensed the C2FO early payment platform and brand in India for a three-year term. C2FO India’s team of more than 100 supply chain finance specialists will continue to serve customers and manage existing programs.

This means seamless continuity for you. Everything you and your buyer use today continues exactly as is, with no changes to the platform, processes, or existing relationships. Suppliers will not be required to re-register, re-verify their bank details, or change the way they submit and bid on invoices.

Strengthening India’s working capital ecosystem

C2FO India brings its early payment and dynamic discounting solutions, technology platform, and relationships with around 140 large corporates. Its client base includes close to half of the Nifty 50 and spans sectors such as cement, pharmaceuticals, FMCG and automotive. The business supports the working capital needs of approximately 200,000 suppliers.

These capabilities complement Mynd Fintech’s UFX platform, a unified supply chain finance platform for corporates and financial institutions. They also contribute to the broader ecosystem of M1xchange, with its RBI-regulated TReDS infrastructure and a network of more than 80 banks and NBFCs.

The combined business is expected to process approximately ₹60,000 crore in annual transactions across buy-side and sell-side financing.

For Mynd Fintech, the acquisition expands the range of early payment and invoice financing options it can offer across corporate supply chains. For suppliers, access to a larger pool of financial institutions can encourage more competitive pricing on eligible invoices and provide greater choice when seeking early payment.

Leadership views on the acquisition

Leaders from M1 Group and C2FO India described the acquisition as an important step in the continued development of India’s supply chain finance market.

“This strategic partnership helps us advance towards our goal of building a comprehensive digital working capital ecosystem in India. C2FO India had already established itself as the market leader in the early payment segment, with best-in-class technology, strong enterprise relationships, and a highly talented team.”

Sundeep Mohindru, Promoter & Director, M1 Group

“Over the years, C2FO India has built a strong foundation driven by innovation, customer trust, and an exceptionally talented team. Joining hands with Mynd Fintech marks an exciting new chapter that will further accelerate the growth of supply chain finance in India.”

Basant Kaur, COO & Country Head, C2FO India

Support for existing customers

Existing C2FO India customers can continue to contact their relationship manager (SRMs) with questions about their account, rate, or buyer program. Customers may also write to support-in@c2fo.com.