CredFlow, India’s leading SME lending and cash-flow platform, has received its RBI license for a new Non-Deposit Taking NBFC (ICC type 2) in record time – just four months. NBFC operates through its group entity Cashpositive Finance Pvt. Ltd., under the brand name CashFloat. The platform is already live and disbursing loans. With this, CredFlow unlocks India’s first truly data-native NBFC. It uses deep GST, banking, ERP, and supply-chain data to offer fast, structured, and transparent working-capital solutions to manufacturers, traders, and distributors.
Over the last four years, CredFlow has quietly built India’s largest cashflow and invoice-intelligence network for SMEs. The platform captures more than $800 billion in GST-verified invoices and touches a network of six million businesses, nearly half of GST-registered India. This gives CredFlow a unique, proprietary vantage point to underwrite SMEs in ways traditional lenders never could.
The NBFC licence strengthens CredFlow’s lending business, which has demonstrated steady, disciplined growth and is on track to reach ₹100 crore in AUM this year. Earlier powered by partner-led lending and LSP models, CredFlow can now lend independently, enabling faster approvals, custom credit products, program-based underwriting, and full control from acquisition to collections. This vertical integration positions the company to scale cash-flow–based financing across India.
Speaking on the milestone, Kunal Aggarwal, Founder & CEO of CredFlow, said: “With our NBFC licence, we’re doubling down on our mission to make every SME in India cash-rich by combining structured lending, data intelligence, and responsible credit with speed. India’s SMEs don’t struggle because of a lack of demand – they struggle because of a lack of timely capital. Enabling them to thrive strengthens India’s industries, supply chains, and growth story. ”
By lending from its own balance sheet, CredFlow will now expand its product suite to include purchase invoice discounting, unsecured and partially secured term loans, manufacturing expansion loans, structured SME finance, BG-backed financing, and co-lending programs with leading banks and NBFCs. These offerings will give SMEs faster access to flexible, cost-efficient credit tailored to their growth needs.
CredFlow’s unique model combines offline reach with digital underwriting. This is powered by proprietary data from GST, banking, bureaus, ERPs, its anchor network insights, plus an AI-led automation engine. Its cashflow-linked lending model adjusts credit limits in real time as businesses grow or slow, filling a long-standing gap left by collateral-heavy and slow banking processes. With this foundation, CredFlow aims to build a full-stack SME finance ecosystem offering working capital, payments, collections, and eventually even capital-market access through IPO-linked products.
The embedded SaaS presence gives it deep unparalleled underwriting visibility into real business performance. This replaces spreadsheets and guesswork with self-learning models built on actual cashflows and behaviour data. With its NBFC now active, CredFlow is set to widen access to formal credit for India’s fast-growing small and mid-sized businesses, helping them scale with more confidence and predictability.
About CredFlow
CredFlow is a full-stack SME lending and cash-flow management platform that helps India’s manufacturing, trading, and distribution businesses access fast, flexible, and data-driven credit. With deep GST, banking, and supply-chain intelligence and an RBI-approved NBFC licence, CredFlow offers structured working-capital solutions including invoice discounting, term loans, and program-based financing. The company serves over 6 million SMEs and is building one of India’s most reliable and scalable SME finance ecosystems.
