KredX
| Private | |
| ISIN | 🆔 |
| Industry | Finance |
| Founded 📆 | 2015 |
| Founders 👔 |
|
| Headquarters 🏙️ | Bangalore |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
KredX is a Bangalore-based business finance intermediary platform, which provides SMBs an invoice discounting service. The platform is operated by Minions Ventures Pvt. Ltd, which is headquartered in India and established in 2015.[1][2]
KredX, allows SMBs to raise working capital finance. It does so by discounting invoices which have not been paid, from corporate as well as to a network of financiers operating on its platform, for a short tenure of 30-60 days.[3] SMEs get the required working capital for their businesses in 24-72 hours and investors get decent returns on their investments with high liquidity.[4][5][6]
The company operate a credit risk assessment model for borrowers on the platform, together with back-end technology that ensures that a secure platform for initiating transactions is offered.[7][8]
The Indian Institute of Technology Kanpur alumni Anurag Jain and Manish Kumar are the founders of the company.[9]
References[edit]
- ↑ Kulkarni, Anjum Dhir (14 June 2016). "How Startup KredX is Solving a Herculean Investment Problem Brilliantly". India.com. Retrieved 19 July 2017.
- ↑ "KredX Company Profile | PitchBook". pitchbook.com. Retrieved 19 July 2017.
- ↑ "KredX acquires New York headquartered startup Hummingbill". Finextra Research. 2 March 2017. Retrieved 19 July 2017.
- ↑ "1000 Invoices And Counting: How FinTech Startup Kredx Is Aiming To Democratise Invoice Discounting - Inc42 Media". inc42.com. Retrieved 19 July 2017.
- ↑ 27, Apr; Ist, 11 28 Pm. "Startup central: Kredx's growth strategy | The Economic Times Video | ET Now". Retrieved 19 July 2017.
- ↑ Chopra, Arushi (30 November 2016). "Priority Vendor uses cloud-based platform to optimize invoice discounting". Retrieved 19 July 2017.
- ↑ "KredX nets $6.25 mln Series A - PE Hub". PE Hub. 27 October 2016. Retrieved 19 July 2017.
- ↑ "Digital lending firms to present a united front to deal with govt regulations - ETtech". ETtech.com. Retrieved 19 July 2017.
- ↑ "KredX, CreditMate, MPOWER & Pickrr raise funding". www.dealstreetasia.com. Retrieved 19 July 2017.
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