Total amount raised
$5.7 Millions
Latest funding date
11/1/2024
Location
CredFlow has successfully raised funding through multiple rounds, currently reaching the Series B stage. The platform offers financial solutions designed to automate cashflows and enhance business operations.
Keep reading to explore the intricacies of CredFlow's fundraising journey and the investors backing this innovative platform.
What Is CredFlow?
Founded in 2019, CredFlow is headquartered in New Delhi, India. The company specializes in providing financial solutions to automate cashflows, aiming to revolutionize credit flow through the supply chain.
CredFlow was founded by Kunal Aggarwal. The platform offers a range of services, including automated payment reminders, business analytics, and cash flow management, tailored to enhance business operations.
With a team of 101-250 employees, CredFlow continues to grow, leveraging technology to build customized credit solutions and automate receivable collections.
How Much Funding Has CredFlow Raised?
- Seed Round
- Amount Raised: ₹152M (approximately $2M)
- Date: April 2021
- Lead Investors: Flourish Ventures, Omidyar Network India, Stellaris Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and expand CredFlow’s platform and services for SMEs.
- Series A
- Amount Raised: Not publicly disclosed
- Date: January 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at supporting the company's growth and development of its payment-related services for small and medium businesses.
- Series B
- Amount Raised: $3.7M
- Date: November 2024
- Lead Investors: Inflexor Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale and optimize CredFlow's lending and financial services, and enhance technological and innovative capabilities.
Total Amount Raised: $5.7M
Current Valuation: Not publicly disclosed
Key Investors
- Inflexor Ventures
- Details: Inflexor Ventures is a venture capital firm that invests in early-stage technology startups. They focus on companies that provide innovative solutions with the potential to revolutionize their respective industries.
- Investment Focus Areas: Technology startups, innovative solutions, early-stage companies.
- Notable Investments: Not publicly disclosed.
- Flourish Ventures
- Details: Flourish Ventures is a global venture capital firm investing in entrepreneurs whose innovations help people achieve financial health and prosperity. They are known for supporting fintech innovations that drive financial inclusion.
- Investment Focus Areas: Financial health, fintech innovations, financial inclusion.
- Notable Investments: Chime, Aspiration, ZestMoney.
- Omidyar Network India
- Details: Omidyar Network India is a philanthropic investment firm established by eBay founder Pierre Omidyar. They focus on social impact investments that drive financial inclusion and digital identity.
- Investment Focus Areas: Social impact, financial inclusion, digital identity, education.
- Notable Investments: LenddoEFL, Aspiring Minds.
- Stellaris Venture Partners
- Details: Stellaris Venture Partners is an early-stage venture capital firm that invests in technology and technology-enabled businesses in India. They support companies that have the potential to become market leaders.
- Investment Focus Areas: Technology, technology-enabled businesses, early-stage companies.
- Notable Investments: Mamaearth, Whatfix, LoadShare.
- Singaporean Family Office
- Details: This prominent family office based in Singapore is an investor in CredFlow. Specific details about this family office are not provided.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
What's Next for CredFlow?
CredFlow stands at the cusp of significant growth opportunities. With the recent $3.7 million funding, the company aims to scale its financial services and lending verticals, enhancing its technological capabilities. The potential acquisition of an NBFC license could further solidify its position in the fintech sector, allowing it to offer a broader range of services to SMEs.
Future fundraising rounds seem likely as CredFlow continues to expand its user base and service offerings. However, the company may face challenges such as regulatory hurdles and competition from other fintech startups. Maintaining technological innovation and ensuring seamless integration with various ERP systems will be crucial for sustained growth.
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