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Credlix, the supply chain financing arm of B2B ecommerce unicorn Moglix has acquired a majority stake in Delhi-based NBFC Vanik Finance for around INR 80 Cr (about $8.9 Mn).
“Vanik Finance will now operate fully under the Credlix brand, leveraging advanced analytics and digital underwriting to simplify credit decisions and accelerate turnaround times,” Moglix said in a statement.
The acquisition will help Credlix expand its credit offerings for MSMEs and homegrown exporters. Vanik Finance…
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Credlix, the supply chain financing arm of B2B ecommerce unicorn Moglix has acquired a majority stake in Delhi-based NBFC Vanik Finance for around INR 80 Cr (about $8.9 Mn).
“Vanik Finance will now operate fully under the Credlix brand, leveraging advanced analytics and digital underwriting to simplify credit decisions and accelerate turnaround times,” Moglix said in a statement.
The acquisition will help Credlix expand its credit offerings for MSMEs and homegrown exporters. Vanik Finance…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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