VC Fund Investments
SME-focused fintech startup CredFlow attracts $3.7 M from Inflexor, others
Delhi-based SME (small and medium enterprises)-focused fintech startup CredFlow has raised USD 3.7 million (about INR 31.2 crore) in a pre-Series B funding round co-led by two of its existing investors, Inflexor Ventures and a Singapore-based family office.The new funds will be used to optimise and scale its financial services and lending verticals, as well as to improve its tech and innovation capabilities.Founded in 2019 by Kunal Aggarwal, CredFlow provides cash flow management solutions to SMEs to help them manage their finances by providing a dashboard of pending amounts by customers, sending regular payment reminders, validating invoices and negotiating discounts for early payment.
Between Apr 21 and Dec 22, CredFlow had raised about USD 9 M from Flourish Ventures, Inflexor Ventures, InnoVen Capital, Omidyar Network, Stellaris Venture Partners, White Ventures and others.
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