Credflow, a fintech startup dedicated to empowering small and medium enterprises (SMEs), has successfully raised ₹31 crore in its latest funding round. The round saw participation from prominent investors including IvyCap Ventures and Indian Angel Network, highlighting the growing confidence in Credflow’s innovative financial solutions tailored for India’s SME sector.
Since its inception in 2019, Credflow has carved a niche by addressing one of the most pressing challenges for SMEs – cash flow management. By providing businesses with tools to streamline receivables, manage payables, and optimize working capital, Credflow has become a reliable partner for over 70,000 businesses across the country. Its platform simplifies the financial complexities faced by SMEs, enabling them to focus on growth and operational efficiency.
With the fresh infusion of funds, Credflow plans to expand its product portfolio, offering advanced solutions that cater to the evolving needs of SMEs. The startup aims to enhance its cash flow management tools while introducing additional features such as credit and financing options. By leveraging technology, Credflow seeks to empower SMEs with real-time insights, enabling them to make informed financial decisions.
Karan Aggarwal, Founder and CEO of Credflow, expressed his vision for the company saying, “The funds raised in this round will primarily drive the expansion of our embedded digital lending arm, CredFlow Finance, and mark a significant step towards acquiring our NBFC license. This milestone brings us closer to our vision of becoming the ultimate financial operating system and trusted growth partner for small and medium-sized businesses across India.”