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Milestone · Financial Services

Credlix crosses $1 billion in export financing

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Date
Company
Credlix
What it does
Export financing for MSMEs
Kind
Milestone
Sector
Financial Services

What they do

Credlix provides export financing to small and medium exporters

What happened

It has surpassed $1 billion in financing and aims for $10 billion in five years

Why it matters

India's factoring penetration is below 1% of exports, showing huge headroom

The details

  • Credlix has surpassed $1 billion in export financing for MSMEs.
  • It targets $10 billion in export financing over the next five years.
  • It aims to expand its base to more than 10,000 MSMEs.
  • Credlix has supported over 1,000 MSME exporters across India, Mexico, the US, West Asia, and Singapore.
  • It committed more than $100 million in 2026-27 towards financing Mexican companies.
  • Credlix targets financing over $500 million in exports in FY27 from India alone.
  • The company offers purchase-order financing, invoice discounting, factoring, vendor finance, and business loans.

The bigger picture

  • MSMEs account for about 45% of India's exports.
  • Factoring penetration in India is below 1% of exports, indicating huge untapped demand.
  • The government launched a ₹25,060 crore Export Promotion Mission with interest subvention on export factoring.
  • India signed multiple trade deals in 2025-26, opening new markets for exporters.

About the business

  • Credlix provides export financing to small and medium exporters.
  • It primarily works with exporters in India and Mexico.
  • Its financing has supported exports to more than 70 countries.
  • Typical financing starts at around $50,000.
  • Financing is linked to a 60-90 day shipment-to-payment cycle.
  • It primarily finances sales and receivables, not inventory.
  • Credlix does not restrict itself to Moglix's customer base.

What happens next

  • Credlix aims to grow export financing tenfold to $10 billion over five years.
  • It plans to expand its base to more than 10,000 MSMEs.
  • It targets financing over $500 million in exports in FY27 from India alone.

Founders

  • Rahul Garg, founder and CEO

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