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Moglix launches supply chain finance platform Credlix

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NEW DELHI: B2B commerce company Moglix has announced its foray into the supply chain financing space launching its digital platform Credlix. The platform provides quick collateral-free working capital solutions, exclusively to its suppliers, pan-India through its collaboration with banks. Currently the service is available to its 15,000+ suppliers, most of whom are MSMEs.
Credlix helps in access to collateral-free credit from enterprise buyers and banks/NBFCs through invoice discounting. Suppliers will be able to request for early payments from enterprise buyers at affordable discount rates to keep their supply chain up and running. It allows suppliers to monitor all stages …

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