Credflow, an India-based fintech, announced on Thursday it raised $2.1 million through its seed funding round, which was led by Stellaris Ventures Partners, Omidyar Network India, and Flourish Ventures. Founded in 2019, Credflow states it enables small businesses to “unlock” working capital by helping them manage their finances better with timely insights through a dashboard of pending amounts by customers, sending regular payment reminders, validating invoices, negotiating discounts for early payment.
“Businesses are able to reduce their working capital cycles, foresee future cashflows and drive smarter business decisions enabling them to unlock 25-30% capital and use that to fuel growth. With an aim to help businesses grow exponentially, Credflow is building a one stop solution for business owners to manage their banking, payments, treasury and get access to cashflow based financing.”
Kunal Aggarwal, Founder of Credflow, spoke about the investment round by reportedly stating:
“We’re excited to partner with Omidyar Network India, Stellaris Venture Partners, and Flourish Ventures in helping us leverage technology to realise this mission of making Indian SMEs truly Aatmanirbhar.”
CredFlow is planning to use the seed round’s funds to develop its platform, strengthen its tech capabilities, and build new products.