What is KredX?
KredX operates an invoice discounting platform designed to bridge the working capital gap for businesses and provide investment opportunities for financiers. Founded in 2013 and headquartered in Delhi, India, the company leverages technology to streamline the invoice financing process, making it more accessible and efficient. KredX's model allows businesses to unlock liquidity from their unpaid invoices, thereby improving cash flow, while investors gain access to short-term, high-yield debt instruments.
How much funding has KredX raised?
KredX has raised a total of $33M across 3 funding rounds:
Unspecified
$750K
Series A
$6.3M
Series B
$26M
Unspecified (2016): $750K with participation from Prime Venture Partners
Series A (2016): $6.3M led by Seqouia Capital and Prime Venture Partners
Series B (2019): $26M supported by TriplePoint Venture Growth BDC
Key Investors in KredX
TriplePoint Venture Growth BDC
TriplePoint Venture Growth BDC is a venture capital firm focused on providing financing to technology and high-growth companies, often in partnership with venture capital firms. Their investment objective is to maximize total return through current income and capital appreciation, typically by lending with warrants to venture growth stage companies.
Sequoia Capital
Sequoia Capital is a globally recognized venture capital firm with a significant presence in India, investing across venture, growth, and late-stage opportunities. They act as active partners to entrepreneurs, focusing on building market leaders and have a history of early investments in major tech companies.
Prime Venture Partners
Prime Venture Partners is an early-stage investment firm that partners with visionary founders to build game-changing companies across various sectors, including fintech. They provide initial funding and focus on startups with innovative solutions and strong collaborative teams.
What's next for KredX?
With a substantial funding history, KredX is positioned for accelerated growth in the fintech landscape. The recent strategic investment signals strong confidence from its backers and suggests a focus on scaling operations, enhancing its technological infrastructure, and potentially expanding its market reach. Future developments may include further product diversification, strategic partnerships, and an increased emphasis on serving a broader spectrum of businesses and investors within the invoice financing ecosystem.
See full KredX company page
