Company Overview
KredX enables businesses of all sizes to meet their cash flow as well as growth capital requirements by means of various high-quality, tailor made solutions. KredX came into existence in 2015 with the primary objective of facilitating growth and operations of businesses by invoice discounting to ensure optimum working capital.
With time,KredX expanded the range of services and today it enables businesses to overhaul numerous financial challenges. Simultaneously, KredX also provides optimum opportunity for investors to make substantial returns on their investments without too many risks.
Key Executives
1. Manish Kumar, Founder & CEO
Manish has graduated from IIT Kanpur- one of the premier institutions in India and worked at various positions with HSBC. He started with HSBC as Business Consulting Manager, headed the Private Label Credit Card Credit Risk Acquisition & Credit Risk Acquisition. Operations. Thereafter, he served as an Associate Director at Capital One before starting KredX.
2. Anurag Jain, Co-Founder & COO
Anurag is also a graduate from IIT Kanpur and worked as an AVP (Decisioning technology) at HSBC but he started his career working for Oracle and presently handles operations and strategies at KredX. His achievements have earned him several awards at the national and international levels, and in 2019 he was also chosen as a winner of BW 40 Under 40.
3. Devang Mundhra, Chief Tech & Product Officer
With more than 10 years of experience in the technology industry, Devang was an integral part of the team that came up with the most prominent invoice discounting solution in the country. He is a graduate from BITS Pilani and is presently enabling KredX to come with more solutions to solve cash flow issues of MSMEs.
4. DR. R. B. Barman, Advisor.
Mr. Barman serves as the Advisor at KredX and has been the Chairman of the Research Advisory Committee, IDRBT apart from being an Advisor at the National Payment Corporation of India (NPCI) and a Former Executive Director at the Reserved Bank of India.
Products & Services
Invoice Discounting
The invoice discounting solutions allow businesses to turn their receivables into cash to make sure that they are never short of working capital as long as their bills/ invoices are duly approved by the payer.
Cash Management Solutions (CMS)
The excellent CMS offered by KredX allow businesses and financial officers to streamline the financial operations and processes within an organization.Their cloud based-solutions and streamlined processes allow the leaders to optimally focus on decision making thereby increasing organizational productivity. KredX can be integrated with the existing ERP for creation of a seamless and automated set of processes.
KredX Pay Later
A closed-loop funding option that offers businesses with immediate payment and purchasers with quick credit. This is new-age technology that provides cash funding to suppliers, vendors, wholesale distributors, and retail sellers. This allows brands and companies to receive upfront payment for goods sold, while b2b buyers can receive direct credit facilities depending on their individual credit portfolio to buy goods on credit.
KredX Global Trade
You can now release capital trapped in foreign receivables, boosting your needs for cash flow. KredX Global Trade provides post-shipment funding to companies, trying to solve their cash flow issues while also enabling them to pursue expansion and establish a name for themselves in the international market.
Company Reviews
- During the NBFC and FinTech Excellence Awards 2022, KredX has been hailed as the Best MSME Finance Company of the Year.
- KredX ended up winning Gold in the segment of Excellence in Business Lending at the IAMAI (Internet and
- KredX was one of the final eight shortlisted candidates in the Amazon Web Services (AWS) Startup Architecture Challenge 2020 India finals.
- KredX has been named an Emerging Startup 2020 by Tracxn in the Top Alternative Lending Tech Startups category.
Related News
KredX announces India’s Biggest Investment Event; plans to discount invoices worth over Rs 350 Crore/day
KredX, the biggest supply chain finance solutions provider in the country announced that the 6th series of of KredX Muhurat Trading, the biggest bill discounting & investment gala will take place on 19th October, 2022. It is an ideal combination of profits for investors and companies because investors can earn high rates of returns and various rewards. On the other hand, businesses can obtain immediate cash flow by listing their unpaid bills and selling them in seconds.
KredX moves to export financing, plans to allocate $2 billion by end of next year.
KredX teamed up with Tradewind Finance, an international funding services company, to enable businesses attain improved funding for export as well as supply chain. KredX will initially concentrate on offering financing to Indian corporate entities for global trade along key trade routes such as the United States, Asia as well as the Middle East. As of now, the company has allocated over $100 million towards funds.
KredX Enters into Partnership with ICICI Bank for Commercial Card
KredX, a leading supply chain funding firm, has formed a partnership with ICICI Bank to launch the ‘ICICI Bank-KredX Commercial Card’ for B2B payouts. This is the very first cash – back card of its kind, allowing businesses to receive financial benefits instantaneously for all B2B transactions without paying any extra costs. KredX hopes to distribute up to 2,000 crore in B2B vendor transactions monthly. The company also intends to boost client base by the end of the current Financial year.
KredX In a New Avatar
KredX has finished a significant rebranding to represent its view of being a one-stop shop for supply chain funding for business owners. The corporation launched a logo and a remodeled website as components of this rebranding.
The name and logo is another step in the growth of this fintech innovator. . The reimagined corporate image captures KredX’s goal of making finance faster, credible, and dependable while constructing what the corporation envisions as the worldwide OS of supply chain funding.
KredX investors call out flawed practices
Some investors at KredX have stated that they are about to lose all of their money because of flawed ratings and unfair practises. Investors claim that many loans made to smaller companies through the invoice-discounting platform have gone wrong since February. While KredX claims that a miniscule number of investors have been affected, concerns have been brought up about risk stratification and openness in agreement.
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