We understand that every business is different and we cater to your working capital requirements while making your goals our goals too. Traditional avenues of working capital assistance do not sanction larger credit limits and require assets to be pledged as collateral. KredX's services can help you take care of all your short-term liabilities without the need for physical assets through our off-the-book invoice discounting facilities.
Get timely access to working capital through KredX’s cutting-edge technology enabling you to become a verified business and receive working capital all in just 24-72 hours*
Save your assets and gain access to working capital for your services business using unpaid invoice as a pseudo-collateral for upto 90%** of invoice amount
Discount your accounts receivables on our platform at discounting rates as low as 1.2-2%**
KredX offers a zero-liability bill discounting service that doesn’t impact your balance sheet
Transparent online process, right from onboarding to funds disbursal, to ensure instant listing and quick access to working capital
We take care of every step of the invoice discounting from the time businesses approach us with invoices to facilitating working capital disbursal
Instantly upload invoices in the click of a button through KredX’s self-serve module and track the statuses in real-time
Our customer service executives are always available to help you should you face any issues or difficulties
Business raises an invoice to the customer that is payable within
30 - 90 days.
Post KYC and successful
on-boarding, business uploads unpaid invoice on the KredX platform to get financed.
Funds get credited into business’s account in
24 - 72 hours*
Free money that is tied up in future payments in just 24-72 hours* through invoice discounting.
✓ Get timely access to collateral-free working capital
✓ Keep your business running smoothly
✓ Stay ahead of other competitors in the services industry
Speed up your cash cycles with KredX and receive timely access to working capital.
✓ Take care of outstanding utilities and rent bills, operational costs, employee salaries and other expenses
✓ Pay labour wages and fuel costs well before the receivables due date
✓ Crank up your delivery cycles
Use your unpaid delivery invoices to keep your business functioning effortlessly.
✓ Improve your business’s profitability through better efficiency
✓ Keep every aspect of your business running smoothly, from wages to sales
✓ An efficient process gives you more time to focus on your customers and better customer satisfaction
Say hello to business growth and expansion with working capital assistance.
✓ With timely access to money comes an increase in the number of orders
✓ Increased sales leads to business success
✓ Expand into newer markets and grow your business
Invoice discounting is the practice of using company's unpaid invoices to raise working capital & fulfil its business needs. Traditionally, financial institutions including banks and NBFCs have been discounting invoices for MSMEs. Invoice discounting involves transfer of rights on an asset (invoice) from the business to the investor at an agreed value.
KredX is an online invoice discounting platform where business owners get an opportunity to raise funds for their working capital needs at attractive terms by selling their unpaid invoices raised on blue chip companies. KredX aims to remove operational inefficiencies around the invoice discounting space by extensively using technology and its data analytics & credit underwriting capabilities.
Any business that supplies goods/services to large blue-chip companies can avail the bill discounting services provided by KredX. Eligibility and amount of discounting is governed by the creditworthiness of the business and therefore they should be willing to share their financial information and other related documents.
As we provide short-term investment facility to our investors, we only offer tenures upto 90 days as of now.
We have no upper limit for sanctioned amounts for your invoices and it is solely dependent on the businesses requirements. The upper limit depends on the business requirement and the eligibility as per KredX’s criteria.
KredX provides businesses with a facility to extend the number of days. For each additional day, a rate of interest will be charged on a pro rata basis. However, if the payment is received earlier than the extended period, the remaining amount will be refunded back to the business.
No. We offer a zero-liability bill discounting service. Since the working capital is availed using invoices, it bears no impact on your balance sheet.
We help businesses gain quick access to working capital in 24-72 hours* by discounting their unpaid receivables.
“KredX helped me smoothen out my business’s regular operations. With KredX’s bill discounting platform, we now get funds immediately thus reducing the working capital interest as opposed to bank loan.”
“KredX’s technology platform is very good and has helped me to receive funds within 1 week of product shipment to our clients. This has really made our lives very simple.”
“KredX has helped us unlock the potential of our business receivables shortening our cash-to-cash cycle, thereby giving us business owners flexibility to work more efficiently.”
“Invoice discounting helps fill the gap in working capital cycles. Through KredX, we have achieved customer satisfaction due to on-time delivery.”
CEO Manish Kumar won the 'Entrepreneur of The Year' in Business Services - Money Services at the 7th Annual Entrepreneur India Awards 2017
KredX was featured among the top 100 leading global Fintech innovators in the KPMG-H2 Ventures 2017 Fintech100 list
KredX was among the top 50 ventures in The Smart CEO-Startup50 India 2016 Program
Sutra HR’s Top 100 Startups to Watch in 2017
