KredX

KredX (formerly Mandii) is an online invoice discounting marketplace for SME lending. The platform connects enterprises looking for financing with investors looking to earn higher short-term yields with lesser risk. Borrowers can sign up, upload payment pending invoices or post date instruments of their customers, select from among the best bids available and receive funds. Investors can view invoices/PDIs from companies along with credit profiles to post their bids against them. Post the tenure, investors can get the funds directly to their account. The company receives a commission from both the parties once the trade is settled. The company acquired HummingBill, an invoicing platform for SMBs, in March 2017.

SECTOR

Fintech

TAGS

Financial Services, Startup

TEAM SIZE

51-200

We know KredX is based in Bengaluru, but no public street address was found — its pin on the map is indicative only. Know the address?