E-commerce giant Amazon has led a $10 million funding round for Gurugram-based M1xchange operated by Mynd Solutions Private Limited.

M1xchange offers a fintech platform where small businesses can auction their trade receivables to get capital from banks.

AZB & Partners advised Amazon on their acquisition of stake in M1xchange.

The firm was led by Partners Hardeep Sachdeva and Ravi Bhasin along with Senior Associate Kriti Singhania.