CredFlow Bags INR 31 Cr To Bolster Its SME Offerings

Fintech startup CredFlow has raised INR 31.2 Cr (around $3.7 Mn) in its     Pre-Series B funding round co-led by existing investors Inflexor Ventures and a Singapore-based family office.

The New Delhi-based startup plans to use the fresh capital for scaling up its financial and lending services as well as to improve tech and innovation stacks.

Founded in 2019 by Kunal Aggarwal, CredFlow is a cash flow management SaaS platform that helps SMEs manage their finances by providing a dashboard of pending amounts by customers, sending timely payment reminders, validating invoices and negotiating discounts for early payment. 

“This milestone brings us closer to our vision of becoming the ultimate financial operating system and trusted growth partner for small and medium-sized businesses across India” said Aggarwal.

In June last year Credflow acquired Y Combinator-backed business management startup TechBiz in an all-cash deal. 

(The story will be updated soon)