KredX Raises $6.25M in Series A Funding

AAEAAQAAAAAAAAWeAAAAJDVhOGQ3OGIwLWYyOGMtNGU4My1iMzIxLTYxM2FiZDI2NDgyNwKredX, a Bangalore India-based invoice discounting marketplace, raised $6.25m in Series A funding.

The round was led by Sequoia India with participation from Prime Venture Partners.

The company intends to use the funds to strengthen the technology, data and sales teams.

Co-founded in 2015 by IIT & Stanford alumni Manish Kumar, Anurag Jain & Puneet Agarwal, KredX is a marketplace for businesses to discount their unpaid invoices (raised against blue-chip companies) to a network of buyers/financiers including banks, NBFCs, wealth managers and retail investors.
The company has developed a proprietary credit risk assessment model for its borrowers along with back-end technology that ensures secure transactions.



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