KredX is a 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.
KredX is India’s leading invoice discounting marketplace helping businesses gain quick access to working capital in 24-72 hours by selling their unpaid receivables while providing investors with an opportunity to earn low-risk high returns through a unique short-term investment.
KredX was founded in 2015 by Manish Kumar & Anurag Jain and is based in Bangalore with two additional offices in Mumbai & Delhi.
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.SMEs get the required working capital for their businesses in 24-72 hours and investors get decent returns on their investments with high liquidity.
KredX’s technology platform connects investors, both institutional and individual, with high-growth businesses looking for working capital through invoice discounting.
KredX is backed by Tiger Global Management, Sequoia Capital, Prime Ventures Partners and others. The company raised $26M in a Series B financing on Dec 11, 2019. This latest round brings KredX's total funding to $33M to date.
KredX was ranked 71st on the 2017 Fintech100 List.