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Delhi-based fintech startup CredFlow raises $3.7 million in a funding round

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  • Funding Achievement: Delhi-based fintech startup CredFlow has raised $3.7 million in a pre-Series B funding round, led by Inflexor Ventures and a Singapore-based family office, bringing its total funding to over $13 million.

  • Platform Expansion: The raised capital will be used to scale its financial services and lending operations, enhance technology, and foster innovation, specifically aiming to support small and medium enterprises (SMEs) in India.

  • Innovative Financial Solutions: Founded in 2020, CredFlow offers a SaaS platform for cash flow management, integrating with ERP systems to provide real-time analytics, which helps SMEs manage invoices, payments, and financial planning effectively.

  • Growth in Lending Services: The funds will also support the growth of CredFlow Finance, its digital lending arm, and assist in obtaining an NBFC (Non-Banking Financial Company) license, thereby expanding its lending capabilities.

  • New Product Introduction: Alongside scaling existing services, CredFlow has launched KuberX, a credit-scoring app for SMEs that has attracted over 25,000 monthly active users, with plans for significant growth by 2025.

Delhi-based fintech startup CredFlow has raised $3.7 million in a pre-Series B funding round led by Inflexor Ventures and a Singapore-based family office.

The startup plans to use the raised capital for scaling financial services and lending operations, advancing technology, and fostering innovation.

Prior to this round, CredFlow raised $9.2 million in two separate funding rounds. The latest round brings its total raised capital to over $13 million as it positions itself as a comprehensive financial solution provider for India’s small and medium enterprises (SMEs).

Empowering SMEs through technology

Founded in 2020, CredFlow’s SaaS-based platform offers tools for managing cash flows, such as invoice collection, payment tracking, automated reminders, and financial analytics.

It aims to address critical challenges faced by SMEs in cash flow management and financial planning. By integrating with enterprise resource planning (ERP) software like Tally and Busy, the platform provides real-time analytics to help businesses unlock working capital, reduce payment cycles, and make data-driven decisions.

CredFlow claims to have integrated $600 billion worth of invoices onto its platform and supports nearly 50% of India’s GST-compliant businesses.

According to CEO Kunal Aggarwal, the new funds will facilitate the growth of its digital lending arm, CredFlow Finance, and contribute to obtaining an NBFC (Non-Banking Financial Company) license, which will expand its lending capabilities. 

Leveraging opportunities in embedded finance

The startup is capitalizing on the rapidly growing embedded finance market, which includes digital lending and payment solutions.

In addition to scaling existing services, CredFlow recently introduced KuberX, a credit-scoring app for SMEs that boasts over 25,000 monthly active users. The app is projected to reach 10 times this user base by 2025. 

“Their automated platform enables business owners to seamlessly send invoices, collect payments, fast-track cash flow, and access credit with ease. Our decision to invest in them stems from our confidence in Kunal’s extensive SME experience, combined with the team’s passion and commitment to providing cutting-edge digital tools that have the potential to revolutionize the way MSMEs operate in India,” said Murali Krishna Gunturu, Principal from Inflexor Ventures.


Here’s the information extracted from the provided text regarding the funds, investors, startup, founders, and fundraising series:

Startup

  • Name: CredFlow
  • Founded: 2020
  • Location: Delhi, India
  • Sector: Fintech (Financial Technology)

Founders

  • Kunal Aggarwal (CEO)

Investors

  • Inflexor Ventures
  • Singapore-based family office (specific name not mentioned)

Fundraise Series

  1. Latest Funding Round:

    • Amount Raised: $3.7 million
    • Series Type: Pre-Series B
    • Lead Investors: Inflexor Ventures and a Singapore-based family office.
  2. Prior Funding Rounds:
    • Total Amount Raised in Previous Rounds: $9.2 million
    • Total Amount Raised to Date: Over $13 million

Key Features of the CredFlow Platform

  • Services:
    • Tools for cash flow management (invoice collection, payment tracking, automated reminders, financial analytics)
    • Integration capabilities with ERP software like Tally and Busy
  • Market Focus: Small and medium enterprises (SMEs) in India

Future Plans

  • Use of Funds: Scaling financial services and lending operations, advancing technology, fostering innovation, and facilitating the growth of CredFlow Finance.
  • Objective: To obtain an NBFC (Non-Banking Financial Company) license and enhance lending capabilities.
  • New Product Introduction: KuberX – a credit-scoring app for SMEs with projected growth in user base.

Notable Quote

  • Murali Krishna Gunturu (Principal at Inflexor Ventures): "Their automated platform enables business owners to seamlessly send invoices, collect payments, fast-track cash flow, and access credit with ease."

This summary encapsulates the critical details from the provided article regarding CredFlow’s fundraising and operations.

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