KredXIndia

lendingsme financing

FOUNDING YEAR: 2015
LOCATION: India
Last Update: 01/05/2020

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About

Mandii was renamed as kredx, it is an online marketplace for Micro Small & Medium Enterprises - MSMEs to raise funds against their unpaid invoices or post-dated instruments from financiers. On this platform, financiers have the option to select borrowers (MSMEs) from a list of pre-verified borrowers available at Mandii and spread their funds to achieve an optimum balance of risk and returns through a systematic bidding process. Borrowers get the benefit of location independence, easy financing terms and availability of funds at comparatively lower rates than local grey market.

Focus

PRODUCTS & SERVICES

SME Financing platform - Invoice discounting marketplace. Funding to MSME based on unpaid invoice of large clients

REVENUE MODEL

The company charges a share (fixed percent) of the trading value as brokerage charge from both the borrower and the financier.

MAIN CLIENTS

Small- and medium-sized businesses and Retail investors

COMMENT

A marketplace platform that frees up cash tied in invoices for SMEs. Provides alternative investment option for retail investors who buy the SME's invoice at a discounted price.

People

FOUNDERS

Manish Kumar

Anurag Jain

BOARD MEMBERS AND ADVISORS

R B Barman

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Prime Venture Partners

Sequoia Capital

Momentum

FUNDED

YES

TOTAL FUNDING

$7 M

DATE OF LAST FUNDING

Oct 2016

SEED & PRIOR FUNDING

$750 K

SEED CLOSED ON

Apr 2016

FUNDING SERIES

SERIES A  · $6.25 M  · Oct 2016

LISTED

NO

BASICS

FOUNDING YEAR:

2015

LOCATION:

India

Views:

139 VISITORS | 261 VIEWS
LATEST FUNDING ROUND

$7 M

TOTAL EMPLOYEES
51-200

About

Mandii was renamed as kredx, it is an online marketplace for Micro Small & Medium Enterprises - MSMEs to raise funds against their unpaid invoices or post-dated instruments from financiers. On this platform, financiers have the option to select borrowers (MSMEs) from a list of pre-verified borrowers available at Mandii and spread their funds to achieve an optimum balance of risk and returns through a systematic bidding process. Borrowers get the benefit of location independence, easy financing terms and availability of funds at comparatively lower rates than local grey market.

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