Mynd FinTech unveils UFX to consolidate supply chain finance

By Vriti Gothi

Mynd FinTech, a subsidiary of M1xchange, has launched UFX (Unified Financing Xperience), a consolidated supply chain finance (SCF) platform aimed at large corporates seeking to streamline working capital management across payables and receivables.

The launch comes as supply chain finance programmes expand in scale and complexity, often spanning multiple banks, NBFCs, and technology portals. For CFOs and treasury teams, this fragmentation has translated into operational inefficiencies, limited real-time visibility, and challenges in optimising liquidity across the value chain. UFX is positioned to address these gaps by bringing multiple SCF instruments onto a single, integrated digital platform.

UFX supports a wide range of financing options across both sides of the balance sheet. On the accounts payable side, the platform enables management of TReDS, dynamic discounting, payable finance, reverse factoring, import factoring, and buyer’s credit. For accounts receivable, it offers dealer finance, sales invoice discounting, export factoring, export letters of credit, and bill discounting. By consolidating these programmes, corporates can manage diverse working capital strategies without navigating multiple systems.

A central feature of UFX is its connectivity. The platform integrates with enterprise ERPs and connects to more than 70 banks, NBFCs, factors, and TReDS platforms, enabling automated, largely touchless transaction flows. This level of integration is intended to improve visibility across programmes and reduce manual intervention, particularly for enterprises operating across geographies and business units.

Flexibility is another focus area. UFX allows corporates to dynamically switch between early payment and dynamic discounting models to capture cash discounts or arbitrage opportunities, while also supporting pay-later and days-payable-outstanding (DPO) extension strategies when liquidity preservation is a priority. On the receivables side, real-time insights into financed invoices are designed to improve cash flow forecasting and decision-making.

The platform also incorporates machine learning-driven discount prediction, analysing historical vendor behaviour, demographic data, and invoice-level information to improve the likelihood of offer acceptance. Configurable workflows are designed to support complex, multi-entity enterprise structures, while automated scheduling, posting, and clearing of invoices aim to support audit-ready operations.