CredFlow is an online cash flow management platform that provides financial solutions to small and medium businesses. The startup secured 3.7 million USD in its ongoing pre-series B funding round. The firm’s existing investors Inflexor Ventures and its Singapore-based family office co-led the round. The company plans to use this fresh capital to scale its lending services, improve its tech capabilities, enhance its platform, and develop its market presence.
The startup plans to use some of this investment to improve its innovation capabilities and advance its financial services network. The company offers a SaaS-based platform for cash flow management and financial growth processes in SMEs. The platform provides solutions across financial analysis, invoices, payment acceptance, insights, CRM management, payment reminders, and more. The company intends to strengthen its market presence while increasing its customer base across the fintech market.
The startup data intelligence platform, tracxn mentioned that before this funding round the firm had raised around $9.21 million across two funding rounds since its inception. The company secured 7.11 million USD during its series A funding round from CNVC Investment, White Venture Capital, and other investors in 2022. The company also raised $2.1 million from Stellaris Venture Partners, Omidyar Network India, and others in its seed funding round. CredFlow recently acquired business management startup TechBiz in an all-cash deal.
The fintech startup solves the several challenges faced by SMEs and helps them manage finances through timely insights. The company wants to make financial and lending services easily accessible, and transparent to small businesses. The development came just after the Indian fintech sector saw increased investor interest. CredFlow faces competition with other cash flow management platforms like Indebted, Satago, Sidetrade, and others.
The Delhi-based startup operates its services in various parts of India and claims to have helped 1.5 Lakh SMEs overcome cash flow problems. The firm’s flagship platform integrated $600 billion worth of invoices. The company recently launched an online credit scoring application called KuberX that crossed 25k monthly active users and is expected to grow its monthly active users by 10 times by the end of next year. The company had a post-money valuation of $24.8 million as of July 2023. The startup reported its annual revenue of Rs 7.31 crore on May 31, 2023. The investment shows the investor’s trust in the market potential and business model of CredFlow.
Conclusion :
CredFlow is an SME-focused fintech startup based in Delhi that secured $3.7 million in its pre-series B funding round co-led by Inflexor Ventures and a Singapore-based family office. The company intends to use these fresh proceeds to expand its offerings, scale its lending and financial services, and enhance its tech capabilities.
The cash flow management platform provides various solutions including financial analysis, CRM management, and more. The company aims to improve its innovation and performance capabilities. The development came just when the fintech sector saw increased investor interest. The fintech startup faces competition from other companies in the same segment including Indebted.
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