CredFlow raises $3.7 Million in Pre-Series B Round Funding

A pre-Series B funding round headed by two of CredFlow's current investors, Inflexor Ventures and a Singaporean family office, has collected $3.7 million (about Rs 31.2 crore) for the fintech business.

The Delhi-based startup has previously raised $9.2 million from well-known venture capital funds in two rounds.

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According to a news release from CredFlow, the money raised will be used to enhance its tech and innovation capabilities, as well as to optimize and scale its lending and financial services sectors.

Through timely insights via a dashboard of pending amounts from customers, regular payment reminders, invoice validation, and negotiating discounts for early payments, the platform helps SMEs manage their finances more effectively and unlock more working capital. 

CredFlow claims

CredFlow claims that by connecting directly with the company's Tally or Busy ERP, it enables strong financial management and gives business owners significant insights into their operations as well as real-time statistics.

Businesses can anticipate future cash flows, shorten working capital cycles, and make more informed business decisions by utilizing its app. It also closes the gaps between MSMEs and formal sector lending, which facilitates a smoother funding process for SMBs. 

CredFlow asserts that it has assisted more than 1.5 lakh small and medium-sized enterprises (SMEs) in India with their cash flow problems, integrated $600 billion worth of invoices into its flagship platform, and added approximately 50% of India's GST firms to the network.

With over 25K monthly active users (MAUs) currently, the startup's cutting-edge credit scoring software KuberX was introduced earlier this year. By the end of 2025, it hopes to have at least 10 times as many MAUs. 

About CredFlow

CredFlow is a SaaS-based cash flow management system that was introduced by Kunal Aggarwal in 2020 with the goal of addressing every facet of the financial growth and cash flow management process in small and medium-sized businesses.

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