first funding news fintech company credflow raises $3.7 million in pre-series round from omidyar capital stellaris
On Thursday, November 21, SME-focused fintech CredFlow secured $3.7 million in a pre-Series B funding round, according to a company statement.
The round was led by two of CredFlow’s existing investors, Inflexor Ventures and a Singapore-based family office.
The new money raised will be used to improve CredFlow’s financial and lending services and to improve its technology.
Commenting on the latest round of funding, Kunal Aggarwal, Founder and CEO of CredFlow said, “CredFlow’s latest pre-Series B fundraising, led by Inflexor Ventures and the Singapore-based family office, demonstrates the confidence investors place in our team’s dedication to enabling -SMB and improve their cash flow.
Murali Krishna Gunturu from Inflexor Ventures said “We are thrilled to support CredFlow—a company dedicated to simplifying and empowering MSME business operations. Their automated platform enables business owners to seamlessly send invoices, collect payments, quickly track cash flow, and access credit with ease.”
Prior to this, CredFlow raised $9.2 million in two funding rounds in 2021 and 2022. Their US$2.1 Million seed round was co-led by Stellaris Venture Partners, Omidyar Network India, and Flourish Ventures. Notably, the same set of tent investment companies also jointly led CredFlow’s Series-A round of US $ 7.1 Million, which saw the participation of White Venture Capital, Inflexor, and several other investors, and was closed in December 2022.
CredFlow in Delhi helps small businesses with things like collecting money from customers, accepting payments, reminding customers to pay, managing their money, understanding their finances, and tracking their customers. After securing its previous Series B round, Credflow is now on its way to establishing its flagship platform as a full-stack solution for SMEs to help them make the most of their capital and capital management, thereby accelerating growth.
Bolstered by recent fundraising, CredFlow will now strive for high-speed growth year-over-year, while continuing to add multiple layers of mid-sized and SME financial services solutions on top of its existing accounts receivable and SaaS platform for cashflow automation.
CredFlow Business
CredFlow, founded in 2020, is a SaaS-based cash flow management solution that strives to touch every foundation of the cash flow management and capital growth process for small and medium-sized organizations.
By using the CredFlow application, businesses can reduce their working capital cycles, anticipate future cash flows, and drive smarter business decisions. We are on a mission to make MSMEs in India have cash, rather than money.
Developing startups
Recently, another startup, Doodhvale Farms, successfully raised $3 million in funding. The investment round was led by Atomic Capital, with the same early stage opportunity fund playing a key role as investors. Other donors include Bharat Founders Fund and Indigram Labs Foundation.
Read more: Dairy startup Doodhvale Farms gets $3 million in funding led by Atomic Capital
