Moglix Infuses $50 Mn In Its Financing Arm Credlix For Expansion In US And Mexico

Moglix Infuses $50 Mn In Its Financing Arm Credlix For Expansion In US And Mexico

SUMMARY

In the new market, Credlix will focus on providing “collateral-free financing solutions” to small and medium enterprises (SMEs) in the manufacturing sector

Launched in 2021, Credlix provides working capital solutions for enterprises and exporters

Credlix claims to serve 700 enterprises and 16,000 SMEs in India and South East Asia

B2B marketplace unicorn Moglix has invested $50 Mn (INR 417.5 Cr) in its supply chain financing arm Credlix to fuel its expansion into the US and Mexico markets. 

In the new market, Credlix will focus on providing “collateral-free financing solutions” to small and medium enterprises (SMEs) in the manufacturing sector, including industries like automotive, textiles and apparel, aerospace components, electronics.

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