On Thursday, November 21, SMB-focused fintech startup CredFlow secured $3.7 million in a pre-Series B funding round, according to the company’s release.
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 services and lending and to improve its technology.
Speaking about the latest funding round, Kunal Aggarwal, Founder and CEO of CredFlow, said: “CredFlow’s latest pre-Series B fundraising, led by Inflexor Ventures and a Singapore-based family office, reflects the trust that investors place in our team’s dedication to empowering SMEs and improving their cash flow.
Murali Krishna Gunturu of Inflexor Ventures said, “We are delighted to support CredFlow, a company dedicated to simplifying and empowering business operations for MSMEs. Their automated platform allows business owners to send invoices, collect payments, accelerate cash flow, and easily access credit with complete transparency.
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 group of renowned investment firms also co-led CredFlow’s US$7.1 million Series A round, which included White Venture Capital, Inflexor and a few other investors, and which was closed in December 2022.
Delhi-based CredFlow helps small businesses in areas such as collecting money from customers, accepting payments, reminding customers to pay, managing their money, understanding their finances and tracking their customers. Having secured its latest pre-Series B round, Credflow is now on track to establish its flagship platform as a complete end-to-end solution for SMEs to help them optimize their cash flow and financial management, thereby accelerating their growth.
Building on the recent fundraising, CredFlow will now aim to grow at an exponential rate year over year, while continuing to add multiple layers of SMB-centric financial services solutions on top of its existing Account SaaS platform. customers and cash flow automation.
CredFlow’s activity
CredFlow, established in 2020, is a cash flow management SaaS solution that strives to touch every aspect of cash flow management and financial growth process in small and medium-sized organizations.
Using the CredFlow app, businesses can reduce their working capital cycles, forecast future cash flows, and make smarter business decisions. We are on a mission to ensure that MSMEs in India become cash rich rather than cash strapped.
Boosting startups
Recently, another startup, Doodhvale Farms, managed to raise $3 million in funding. The investment round was led by Atomic Capital, with the singularity early opportunities fund also playing a key role as a co-investor. Other contributors included the Bharat Founders Fund and the Indigram Labs Foundation.
Learn more: Dairy startup Doodhvale Farms secures $3 million in funding led by Atomic Capital