Rahul Garg, Founder and Chief Executive Officer, Moglix

Credlix, the global provider of supply chain financing, announced its expansion in the USA and Mexico, backed by $50 million funding from Moglix, a B2B e-commerce platform.

The expansion aims to enhance cross-border trade and boost cash flow for SME's. SMEs in India and Mexico face similar challenges such as limited access to affordable financing, operational inefficiencies, and extended payment cycles.

Credlix's expansion aims to address these challenges by providing financing solutions that improve cash flow, reduce financial burdens, and enable SMEs to scale operations.

Commenting on the expansion, Rahul Garg, Founder and Chief Executive Officer, Moglix, said, "Our investment in Credlix demonstrates our commitment to empowering global supply chains. Just as we've supported manufacturing and infrastructure businesses in India, Credlix's expansion into Mexico will enable SMEs to overcome financial challenges and capitalize on opportunities in a dynamic global trading environment." 

Credlix's expansion focuses on the manufacturing sector, including industries such as automotive, textiles and apparel, aerospace components, industrial and consumer chemicals, agriproducts, and electronics. The expansion aligns with India's broader efforts to strengthen manufacturing capabilities and foster trade ties with emerging markets.