Company Market Research Report: KredX
Company Overview
- Name: KredX
- Mission: Making finance quick, reliable, and transparent
- Founded: 2015
- Founders: Manish Kumar (Founder & CEO) and Anurag Jain (Co-Founder & COO)
- Key People:
- Manish Kumar: Founder & CEO
- Anurag Jain: Co-Founder & COO
- Devang Mundhra: Chief Tech & Product Officer
- Headquarters: Bellandur, Bengaluru, Karnataka, India
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known for: KredX is India's largest supply chain finance platform, offering solutions to startups, large enterprises, MSMEs, retailers, and distributors to resolve their working and growth capital challenges.
Products
KredX offers a diverse range of products tailored to various business needs:
Enterprise Solutions
- Invoice Discounting
- Provides immediate funds against receivables
- Collections Automation
- Streamlines debt collection processes
- PO-to-Pay Automation
- Automates procurement to payment cycles
- Dynamic Discounting
- Offers discounts for early payments
- Import Financing
- Supports import-related financial requirements
- Export Financing
- Caters to export-related financial operations
- Order-to-Cash Automation
- Manages end-to-end order to payment cycles
- B2B Payments
- Facilitates seamless business transactions
SME Solutions
- Quick Cash Flow Management
- AI-ML powered management for better cash liquidity
- Invoice Discounting
- Same service as enterprise but scaled for SMEs
- Order-to-Cash Automation
- Similar to its enterprise counterpart tailored for SMEs
- Dynamic Discounting
- Offers dynamic discounting services
- PO-to-Pay Automation
- Process automation from purchase order to payment
Export/Import Solutions
- Licensed Exchange for Global Trade Businesses
- Offers platforms for trade finance automation
- Export Financing
- Exclusive financing solutions for exporters
- Import Financing
- Financing services for importers
- Receivables Automation
- Automates and manages account receivables
Banks & Financial Institutions Solutions
- Loan Origination & Management Systems
- Comprehensive system for loan issuance and management
- Supply Chain Finance Management
- Manages funding across the supply chain network
Recent Developments
- New Products and Features:
- KredX secured approval from IFSCA to launch cross-border trade finance, which includes invoice discounting for Indian exporters and importers.
- Introduction of the Global Trade Exchange (GTX) to facilitate cross-border trade transactions.
- New Partnerships:
- Mastercard partnered with KredX to streamline B2B payments by integrating commercial card services, enhancing features like dynamic discounting and early payment options.
- Collaboration with ICICI Bank to launch the ICICI Bank-KredX Commercial Card for B2B payments, aiming to disburse ₹2,000 crore in business-to-business vendor payments monthly.
- Key Achievements:
- Launch of commercial operations in GIFT City, Gujarat via the International Trade Financing Services (ITFS) platform.
- Successful early live trade finance transactions with a $50 million annualized value over 4-5 months. Plans to facilitate $2 billion in trade finance through its platform by the end of 2023.
- Awards and Recognition:
- Recognized as ‘Best MSME Finance Company of the Year’ at the NBFC and FinTech Excellence Awards 2022.
This structured and detailed report provides a comprehensive overview of KredX's market presence, leadership, product offerings, and recent strategic developments.
