Credlix Named Best Fintech Company at The 8th ASSOCHAM MSME Excellence Awards

Credlix, the digital supply chain financing platform from Moglix, has made it to the honors board at the 8th MSME Excellence Awards organized by ASSOCHAM. The supply chain financing platform was declared “the best fintech company in MSME’s financial solution” in the MSME enabler category. The award was presented by Shri Narayan Rane, Hon’ble Minister, Ministry of MSME, Government of India and Shri B. B. Swain, Secretary, Ministry of MSME, Government of India to the Credlix team.


Initiated in 2013, the MSME Excellence Awards is one of the key initiatives of ASSOCHAM to acknowledge the contribution of outstanding MSMEs toward diverse frontiers of economic growth and development such as employment generation, value creation, forex earnings, and promotion of regional balance. This year’s edition of the awards saw BFSI enterprises, tech startups from diverse industry verticals, banks, and NBFCs come together to showcase their financial products and fintech solutions for MSMEs. 


Credlix provides quick collateral-free working capital solutions for enterprises, suppliers, and exporters. Launched in February 2021, Credlix has enabled credit disbursal worth USD100 Million over the last year. 


Credlix, the digital supply chain financing arm of Moglix – the first B2B commerce unicorn and a pioneer of digital supply chain transformation, works in close collaboration with large manufacturing enterprises and exporters to provide them with tailor-made solutions for easy access to collateral-free credit. Founded by Rahul Garg in 2015, Moglix, Credlix’s parent company is one of Asia’s largest and fastest-growing digital supply chain solutions providers with interests in procurement- direct and indirect, packaging, supply chain cloud SaaS, and supply chain financing with a supply chain footprint across 120+ countries. 


Earlier this year, Credlix had acquired NuPhi, a Singapore-based fintech start-up offering invoice factoring solutions to MSME exporters in India and Southeast Asia. The company has thus far financed 26,000+ invoices for 2,500+ MSMEs across 120 cities with a clientele spread across diverse industry verticals such as metals, fashion, retail, and hospitality among others.

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