OUR STORY

Overview

MYND FINTECH PRIVATE LIMITED (“Mynd Fintech”) was set up in 2021 and is the third key business line of the Mynd Group. It was founded with a vision to enable businesses to access efficient credit with best-in-class user experience. While these enterprises have a huge financing need, most financial institutions have found it a challenge to serve this need due to the lack of a credible, scalable, and efficient risk assessment model. Mynd Fintech is addressing this challenge through a sharp focus on effectively leveraging public and private data and technology to develop digital risk algorithms that enable real-time risk assessment with a high level of accuracy and the ability to learn from each instance. Mynd Fintech offers a range of easy-to-access, customized supply chain financing solutions to ensure businesses remain focused on healthy scale-up. We collaborate with multiple lending partners – Banks and NBFCs – to enable access to capital across a wide risk spectrum, ensuring a win-win for all entities involved – large enterprises, their associated vendors or dealers, lending partners, and Mynd Fintech.

Mynd Group

Mynd group has three other business lines – M1xchange, M1 NXT and Mynd Integrated Solutions – in addition to Mynd Fintech Private Limited.

M1xchange is one of India’s leading TReDS (Trade Receivable electronic Discounting System) platform that was licensed by the Reserve Bank of India (RBI) in 2015 to facilitate the discounting of invoices and bills of exchange of MSME vendors on a PAN India basis. M1xchange has facilitated 1,50,000 Cr+ invoices discounting, has 1700+ corporates, 45,000+ MSMEs and 65+ Banks registered on M1xchange.

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M1 NXT (Next Generation Trade Finance) will help small and midsize businesses (SMEs) access working capital by auctioning invoices to a global network of institutional Financiers who compete to buy receivables through a real-time marketplace. The concept is an alternative to traditional factoring solutions targeting specific buyer-led programs. Bank-led platforms in specific countries (China, Singapore, UAE, etc.) have been met with some success but have not yet made an impact globally.

M1 NXT as a process will significantly change the way international trade is financed today for a better tomorrow. Moreover, due to the complexities of pandemic and rising inflation, M1 NXT will serve as a tool to de-risk the businesses globally.

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Mynd Integrated Solutions is a leading global service provider in business process and technology management, offering a broad spectrum of services in Finance and Accounting (FAO), Human Resource Outsourcing (HRO), Information Technology (IT) and Consulting. Established in 2002, Mynd Integrated offers services to 500+ clients Pan India, processes 5 Mn+ payslips and 10 Mn+ transactions every year.

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Meet the Team

Sundeep Mohindru

Board Member

Vivek Misra

Board Member

Anurag Chaturvedi

Co-Founder & CTO

Rahul Srivastava

Director