Fintech startup CredFlowhas raised $3.7 million (around Rs 31.2 crore) in a pre-Series B subsidizing circular co-led by two of its existing financial specialists, Inflexor Venturesand a Singapore-based family office.

Prior to this, the Delhi-based company had raised $9.2 million over two rounds from noticeable VC funds.

The continues will be designated towards optimizing and scaling its money related administrations and loaning verticals, as well as moving forward its tech and development capabilities, CredFlow said in a press release.

Launched in 2020 by Kunal Aggarwal, CredFlow is a SaaS-based cash stream administration arrangement that points to address each single perspective of the cash stream administration and money related development prepare in little and medium-sized organizations. The stage empowers SMEs to use innovation to open more working capital by making a difference them oversee their accounts superior through timely insights by means of a dashboard of pending sums from clients, sending customary installment updates, approving solicitations, and arranging discounts for early payments.

According to CredFlow, it offers vigorous budgetary management by specifically joining with the business’s Count or Busy ERP, which, in turn, gives commerce proprietors with real-time analytics and profound bits of knowledge into their operations. By utilizing its app, businesses can diminish their working capital cycles, anticipate future cash streams, and drive more astute commerce choices. Also, it bridges the holes between formal sector lending and MSMEs, making the loaning prepare more seamless for SMBs.

CredFlow claims to have made a difference over 1.5 lakh SMEs over India overcome their cash stream issues, whereas joining $600 billion worth of solicitations onto its lead stage and capturing about 50% of India’s GST businesses onto the organize. Prior this year, the startup launched an inventive credit scoring app called KuberX, which has already crossed 25K monthly active users (MAUs) and is set to develop its MAUs to at slightest 10x by the conclusion of 2025.

source: entrackr.