Credlix, the supply chain financing arm of B2B ecommerce unicorn Moglix, has acquired a majority stake in Delhi-based NBFC Vanik Finance for around ₹80 crore (approximately $8.9 million). The strategic move aims to strengthen Credlix’s position in India’s growing MSME credit ecosystem and accelerate its expansion into deeper supply chain financing services.
In a statement, Moglix announced that Vanik Finance will now operate completely under the Credlix brand, enabling the platform to leverage advanced analytics, digital underwriting, and automated risk assessment frameworks. This integration is expected to speed up credit decision-making and further reduce turnaround time for MSME borrowers.
Strengthening MSME Lending Through Digital Supply Chain Synergy
The acquisition is set to boost Credlix’s ability to serve India’s MSMEs and emerging exporters segments that often face liquidity gaps and delayed payments. Vanik Finance, which previously partnered with Credlix, claims to offer supply chain financing within 24 hours, without the need for hard collateral, making it a key enabler for small businesses struggling with working capital constraints.
Launched in 2021, Credlix leverages Moglix’s extensive B2B commerce network to offer supply chain financing solutions to 700+ enterprises and 16,000 SMEs across India, Singapore, the US, Mexico, and the UAE. Through its digital lending platform, it provides a suite of working capital products including purchase order (PO) financing, invoice discounting, export-import financing, and other credit solutions designed to stabilise cash flows for MSMEs.
Backed by Moglix’s Global Expansion Strategy
The acquisition comes a year after Moglix infused $50 million (₹417.5 crore) into Credlix to support its expansion in the US and Mexico. To date, Credlix claims to have served over 5,000 MSMEs and disbursed $500 million in credit, making it one of the fastest-scaling digital supply chain lenders in the region.
Meanwhile, Moglix founded by Rahul Garg in 2015 continues to strengthen its global footprint. The company sells industrial tools, electrical supplies, motors, medical equipment, and more through its B2B marketplace. Moglix joined the unicorn club in 2021 after raising $120 million in its Series E round, led by Falcon Edge Capital and Harvard Management Company.
The company is now preparing for a public listing around 2026–27, with plans to redomicile to India ahead of its IPO. Financially, Moglix reported a 15% rise in revenue to $681.5 million in FY25, while successfully narrowing its net loss from $21.7 million in FY24 to $11.3 million.
A Strategic Step Toward Dominating Digital Supply Chain Finance
The acquisition of Vanik Finance strengthens Credlix’s ambition to become a leading digital-first supply chain financing platform. As demand for agile credit solutions continues to rise, the move positions Moglix and Credlix to capture a larger share of the rapidly growing MSME lending market.
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