Credlix, the fintech arm of B2B commerce platform Moglix, has acquired a two thirds stake in Delhi based NBFC Vanik Finance for Rs 80 crore. Following the transaction, Vanik Finance will be fully integrated into the Credlix brand, enabling the platform to deepen its technology driven lending capabilities.
With this acquisition, Credlix will expand its portfolio of secured and unsecured credit offerings designed for manufacturers, traders and exporters. The company plans to leverage advanced analytics, digital underwriting and a unified lending system to simplify documentation, enhance transparency and speed up sanction timelines for MSMEs.
Credlix said it aims to solve working capital challenges by bringing together technology, credit intelligence and sector expertise, allowing small and mid sized businesses to access reliable liquidity with minimal friction. The firm will continue to invest in products such as digital invoice discounting, export factoring and anchor based financing programs. Pilot projects across industrial hubs have shown strong demand and healthy repayment trends.
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The company also plans to scale its partnerships with banks and financial institutions to expand lending capacity. Through initiatives like the India–Mexico Trade Corridor, Credlix is working to provide exporters smoother access to liquidity and international buyers.
Rahul Garg, Founder and CEO of Moglix and Credlix, said the acquisition reinforces the company’s mission to widen access to timely and dependable capital for MSMEs. He added that India’s small businesses need financial partners who combine technology with an understanding of on ground realities, and Credlix aims to be that enabler.
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Moglix, founded by Rahul Garg, has built one of India’s largest B2B commerce ecosystems. Credlix serves as its global supply chain financing arm, providing collateral free working capital solutions to SMEs across India, the United States, Mexico and the UAE.
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Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
