CredFlow, a fintech startup catering to small and medium-sized enterprises (SMEs), has successfully secured $3.7 million (approximately Rs 31.2 crore) in a pre-Series B funding round. The investment was co-led by existing backers Inflexor Ventures and a family office based in Singapore.
The Delhi-based company had previously raised $9.2 million in two rounds from prominent venture capital firms, setting the stage for further growth.
CredFlow plans to channel the new funds into enhancing its financial services and lending solutions, boosting its technology infrastructure, and fostering innovation. The company made this announcement in a recent press release.
Founded in 2020 by Kunal Aggarwal, CredFlow offers a SaaS-powered cash flow management platform designed to streamline financial processes for SMEs. The platform helps businesses gain greater control over their finances by providing real-time insights into outstanding payments, issuing automated reminders, validating invoices, and enabling discount negotiations for early payments. This approach aids SMEs in unlocking additional working capital, driving financial stability, and fostering growth.
Incorporating integrations with popular ERP systems like Tally and Busy, CredFlow provides business owners with valuable analytics and deep operational insights. By leveraging the platform, SMEs can accelerate their working capital cycles, predict future cash flow trends, and make more informed decisions. Furthermore, CredFlow serves as a bridge between MSMEs and formal sector lenders, simplifying the lending process for small businesses.
With over 150,000 SMEs across India already benefiting from its services, CredFlow has digitized $600 billion worth of invoices and captured nearly half of India’s GST-registered businesses on its platform. Earlier this year, the company launched KuberX, an innovative credit scoring app, which has already garnered 25,000 monthly active users (MAUs). The app is on track to expand its user base tenfold by 2025.