CredFlow Raises $2.1 Million in Seed Funding Round

New Delhi: CredFlow, a startup that offers cash flow management solutions for Indian SMEs, has raised $2.1 million (Rs 15.2 crore) in its seed round funding led by Stellaris Venture Partners, Omidyar Network India, and Flourish Ventures.

The SaaS (software as a service) platform, launched in May last year, helps SMEs manage their finances by providing a dashboard of pending amounts by the customer, sending timely payment reminders, validating invoices, and negotiating discounts for early payment.

It claims to reduce the working capital cycles of smaller enterprises by 25-30%.

Since its launch, over 5,000 businesses have used CredFlow to process and sync invoices worth more than Rs 70,000 crore.