November 17

Credlix Acquires Nuphi, Grows Supply Chain Financing Business to $100 Million

Credlix, the digital supply chain financing platform from Moglix, has entered the EXIM financing space, with its acquisition of NuPhi. The acquisition comes after Moglix’s entry into the Middle East region. As Moglix continues to expand globally, it is focusing on strengthening its supply chain financing solutions to enable manufacturers easy access to cash flow for their growth. Moglix has been working with suppliers and manufacturers across 120 countries. As part of its COVID19 response, Moglix supported PPE and medical equipment deliveries to organizations to mitigate global supply chain disruptions in 53 countries.

Photo courtesy of lirneasia.

Source: The Economic Times (link opens in a new window)

Finance, Technology
financial inclusion, fintech, manufacturing, MSMEs