Liquidity Events
CredFlow acquires debt-tracking enabler for SMEs TechBiz
Cash flow management platform CredFlow has acquired the Delhi-based, Y Combinator-backed startup TechBiz in an all-cash deal. Founded by IIT graduates Pratyush Sharma and Vikramaditya Patil, TechBiz helps SMEs track outstanding debtors and send timely payment reminders to customers. Sharma and Patil will join CredFlow's team to assist with the transition of the product. CredFlow - backed by the likes of Omidyar Network India, Stellaris Venture Partners and Flourish Ventures - helps small and medium enterprises (SMEs) manage their finances by providing an overview of cash flows, improving outstanding receivables, and embedding contextual financial services to reduce their working capital cycles by 25-30%.
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