- $50 Million Investment
from Moglix Powers Credlix Expansion
MEXICO
CITY, Sept. 12, 2024 /PRNewswire/ -- Credlix, a
leading global provider of supply chain financing solutions, has
expanded its operations into Mexico with the backing of a $50 million investment from Moglix, Asia's largest B2B e-commerce brand. Having
established a strong presence in the US market, Credlix is
broadening its reach into Mexico,
enabling SME exporters to access swift, collateral-free financing,
addressing critical working capital challenges and supporting
business growth.
The rise of cross-border trade, nearshoring, and SME growth in
Mexico has increased demand for
supply chain finance and export factoring. However, many SMEs face
challenges like limited financing, raw material price volatility,
currency fluctuations, and buyer default risks. Credlix addresses
these issues by offering collateral-free, tailored financing
solutions that provide up to 90% of invoice value upon shipment,
boosting cash flow, easing financial pressures, and ensuring smooth
operations.
Credlix's expansion into Mexico
enhances trade between developing markets and the US, offering
American businesses a more resilient supply chain, diversified
sourcing, and faster access to quality goods, reinforcing
nearshoring trends.
Credlix focuses on the growing manufacturing sector in
Mexico across industries such as
automotive and auto-parts, textiles and apparel, aerospace
components, industrial and consumer chemicals, produce and
agriproducts, electronics and more. The company addresses
challenges faced by exporters, including delayed payments urgent
liquidity needs, and buyer bankruptcy risk.
"We are excited to enter the Mexican market and introduce a
new approach to supply chain financing for SMEs," said
Yash Mahendra, Americas Market
Leader at Credlix . "Our collateral-free, digital-first
approach is designed to support the growth of exporters and help
them make the most of strong nearshoring tailwinds that
Mexico is experiencing."
"Our investment in Credlix demonstrates our dedication to
empowering global supply chains," stated Rahul Garg, Founder & CEO of Moglix.
"Credlix expansion into Mexico
is a strategic move aimed at enabling exporters to overcome
financial obstacles and prosper in the dynamic trading
landscape."
About Credlix
Credlix is a global leader in supply chain financing,
dedicated to providing innovative financial solutions to SMEs
worldwide. With a focus on rapid, collateral-free access to working
capital, Credlix helps businesses optimize cash flow and
achieve their growth potential.
For further information, please contact:
Yash Mahendra,
+52 55 4544 9526
https://www.Credlix .com/es
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Logo:
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