The Latest From KredX

  • Vibha
  • 31 Aug 18
  • Bill-Discounting,business

KredX has seen a 15X over the course of the past year. We have had many industry “Firsts” and created new benchmarks. Since this is the first of the quarterly newsletter, we thought it fitting to bring you up to speed with our story over the past one year. From our little accomplishments to our growing family, here’s a quick look at our milestones.

Our Growth Story

  • KredX has till date discounted over 2 Lakh invoices and helped 3000+ businesses
  • Our investor base has grown to 5000+ of which 60% are returning customers
  • Headquartered in Bangalore, KredX now has a pan-India presence with offices in Mumbai and Delhi too to cater to the growing demand
  • On an average, we have been able to achieve average month-on-month (MoM) growth of 25%
  • KredX works with a loyal network of 60+ large multinational corporates and their 3000+ vendors
  • We have been able to achieve a 100% retention rate in the industry and our latest NPS score shows a customer satisfaction rate of >78%
  • We also added a new product to our product line, KredX Early – a cloud-based early payments technology product, targeted at large enterprises

Key Highlights

  • Integration of eKYC and e-Sign (Both DSC and Aadhaar based) within the system catering to India specific Legal and Compliance requirements
  • Integration with multiple banks for seamless processing of transactions
  • Deal diversification across various industries
  • KredX successfully completed our first Muhurat Trading session with over 20 deals listed on a single day amounting to over INR 9 Crore

Awards And Recognitions

  • KredX received ISO 27001:2013 certification
  • KredX was featured among the top 100 leading global Fintech innovators in the KPMG-H2 Ventures 2017 Fintech100 list
  • KredX was featured among Sutra HR’s Top 100 Startups to Watch in 2017
  • CEO Manish Kumar won the ‘Entrepreneur of The Year’ in Business Services
  • CEO Manish Kumar was featured in The Smart CEO Magazine list of India’s most exciting fintech entrepreneurs
  • CEO Manish Kumar was featured in an interview by Be Bold People

Humans Of KredX

  • From a team of 20, we have now grown to a family of 60+ spread across Bangalore, Mumbai and Delhi
  • KredX Bangalore moved to a bigger, “greener” office
  • We recently introduced a Rewards & Recognitions policy to encourage our stellar team and the amazing work they do

We would like to thank each and every one of you who stood by us and contributed to our growth story. This wouldn’t have been possible without your support and patronage.