Delhi-based fintech startup CredFlow has raised $3.7 million (about Rs 31.2 crore) in a pre-Series B funding round, co-led by existing investors Inflexor Ventures and a Singapore-based family office. This new infusion brings the total funds raised by CredFlow to $12.9 million, including $9.2 million from two earlier funding rounds.
The funds will be utilized to optimize and scale CredFlow’s financial services and lending verticals, alongside bolstering its technology and innovation capabilities.
Transforming SME Financial Management
Launched in 2020 by Kunal Aggarwal, CredFlow is a SaaS-based platform designed to streamline cash flow management for small and medium-sized enterprises (SMEs). By integrating with widely used accounting software like Tally and Busy ERP, CredFlow provides SMEs with:
- Real-time analytics and insights into cash flows.
- Automated payment reminders and invoice validation.
- Tools to negotiate discounts for early payments.
These features help businesses reduce working capital cycles, predict future cash flows, and make more informed financial decisions.
Driving SME Growth
CredFlow’s impact is significant, with the platform serving over 1.5 lakh SMEs across India and integrating $600 billion worth of invoices. The company also claims to have captured nearly 50% of India’s GST businesses, positioning itself as a leader in SME financial management.
Expanding Product Offerings
Earlier this year, CredFlow launched KuberX, an innovative credit-scoring app for SMEs. The app has gained traction with 25,000 monthly active users (MAUs) and aims to grow tenfold by 2025.
By addressing gaps in formal sector lending and making credit more accessible to MSMEs, CredFlow is playing a pivotal role in bridging the financial inclusion gap for Indian businesses.
This fresh round of funding is expected to accelerate CredFlow’s mission of empowering SMEs through robust financial management and advanced lending solutions.
