CredFlow, a fintech startup focused on small and medium-sized enterprises (SMEs), has secured $3.7 million in a pre-Series B funding round. The round was co-led by two of CredFlow’s existing investors – Inflexor Ventures and a Singapore-based family office.
Prior to this, the Delhi-based company had raised $9.2 million across two previous funding rounds from prominent venture capital funds.
The latest funds will be utilized to optimize and scale CredFlow’s financial services and lending verticals, as well as enhance its technology and innovation capabilities. Launched in 2020 by Kunal Aggarwal, CredFlow provides a SaaS-based cash flow management solution tailored to the needs of SMEs.
CredFlow’s platform enables small and medium businesses to better manage their finances through features like real-time insights into pending customer payments, automated payment reminders, invoice validation, and negotiation of early payment discounts. By integrating directly with a business’s accounting software, the startup aims to help SMEs unlock more working capital and make informed decisions.
According to the company, CredFlow has already assisted over 1.5 lakh SMEs in India overcome their cash flow challenges. The startup has integrated $600 billion worth of invoices onto its platform and captured nearly 50% of India’s GST-registered businesses.
Earlier this year, CredFlow launched KuberX, an innovative credit scoring app that has already crossed 25,000 monthly active users (MAUs) and is poised to grow its MAUs tenfold by the end of 2025.
With this latest funding, CredFlow is well-positioned to further strengthen its offerings and support the financial growth of small and medium enterprises in India.
