Kredx

  • Total Funding$33.1 M

OverviewSuggest Edit

KredX (previously known as Mandii) (also known as Minions Ventures) is a provider of invoice discounting services. It delivers an invoice discounting marketplace helping businesses gain access to working capital by selling their unpaid receivables while providing investors with an opportunity to earn low-risk high returns through a short-term investment. KredX's offerings include KredX- invoice discounting, KredX-CapeX discounting, and KredXEarly - an early payment technology platform.

TypePrivate
Founded2015
HQBengaluru, INMap
Websitekredx.com
Employee Ratings4
Overall CultureA+More

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2022)106(-2%)
Cybersecurity ratingBMore
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Kredx Office Locations

Kredx has offices in Bengaluru, Ahmedabad, Chennai, Indore and in 3 other locations
Bengaluru, IN (HQ)
Salarpuria Softzone, Ground floor, Tower A, Wing 'A, Outer Ring Rd, Green Glen Layout, Bellandur
Ahmedabad, IN
C-201, 2nd Floor, The First, B/h Keshav Baugh Party Plot Nr. Shivalik High-Street, I I M, Vastrapur
Chennai, IN
2nd floor, ALTIUS Olympia Technology Park, Guindy Industrial Estate, SIDCO Industrial Estate, Guindy
Chennai, IN
Level 6 Chennai Citi Centre 10, 11th St, Loganathan Colony, Mylapore
Indore, IN
Race Course Road, Janjeer Wala Chouraha, Narayan Kothi, Near Janjeerwala Square, New Palasia
Kolkata, IN
4th Floor, Sri Manjari, 1, Camac Street, Park Street area
Show all (9)

Kredx Financials and Metrics

Summary Metrics

Founding Date

2015

Kredx total Funding

$33.1 m

Kredx latest funding size

$26 m

Time since last funding

2 years ago

Kredx investors

Sequoia Capital, Tiger Global Management, Prime Venture Partners, Sequoia Capital India
Kredx's latest funding round in December 2019 was reported to be $26 m. In total, Kredx has raised $33.1 m
Show all financial metrics

Kredx Operating Metrics

Dec, 2019

Cities

36

Invoices Processed to Date

500 k

Kredx Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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Kredx Online and Social Media Presence

Kredx's Trends

Embed Graph

Kredx Company Culture

  • Overall Culture

    A+

    99/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Kredx News and Updates

August 24, 2021

[Techie Tuesday] From the Bay to Bengaluru: How Devang Mundhra of KredX found his calling in Indian startups

Devang Mundhra started his journey in San Francisco at Lattice Engines. Today, he is leading technology and product at Bengaluru-based fintech startup KredX.
December 13, 2019

Sequoia-backed fintech startup KredX raises $26m from Tiger Global, others

KredX will use the fresh funds to make key hires, build new products, and go for strategic acquisitions, among others.
December 11, 2019

Tiger Global leads $26m funding in invoice discounting startup KredX

KredX previously raised capital from Sequoia Capital and Prime Ventures Partners in Series A round. The post Tiger Global leads $26m funding in invoice discounting startup KredX appeared first on DealStreetAsia.
December 11, 2019

[Funding alert] Invoice discounting platform KredX raises $26M in Series B round led by Tiger Global

KredX will use the new capital to accelerate its expansion by hiring across functions including senior leadership, and step up the development of new products.

Kredx Blogs

May 09, 2022

Tips To Boost Your Accounts Receivables And Get You Customers To Pay In Time

Cash flow is an essential component for the success of any business. Realising timely payments from customers can be challenging, especially when the market is sluggish. In addition, businesspersons often deal with delinquent accounts and are well aware of the struggle to squeeze money from such acc…
April 29, 2022

Is Buy Now Pay Later A Type Of Consumer Loan?

Consumer loans are advances that lending institutions offer to finance different purchases. These loans can be secured (backed by assets) or unsecured (not backed by assets). Mortgage loans, auto loans, personal loans, student loans or even credit cards qualify as consumer loans.  During the pandemi…
April 28, 2022

How to Calculate Working Capital Needs Based on Business Cycles?

Having sufficient working capital is a measure of a company’s success. To operate a business effectively, one needs liquid assets to repay short-term liabilities within a limited time. Therefore, working capital is an indicator of an organisation’s liquidity levels required for day-to-day expenditur…
April 21, 2022

Ways To Use Retail Financing For Your Business

Retail financing can be of immense help if utilised efficiently. Budding business persons or entrepreneurs must know the perfect usage of retail financing to benefit from the borrowed money and repay easily. Read along to know about the different uses of retail financing for a business. Different Wa…
April 19, 2022

What Are The Aspects Of Working Capital Management?

Working capital is the difference between a company’s current assets and current liabilities. It is a crucial metric that helps evaluate the business’s long-term financial health. Individuals involved in business must know the components of working capital movements quickly. Therefore, it requires p…
April 12, 2022

Why Is Working Capital Still A Challenge For Businesses?

To run a business successfully, entrepreneurs must have sufficient working capital. Working capital refers to the cash available to a company after repaying the current liabilities. Businesses require working capital to purchase inventory, hire staff, pay salaries, and complete other essential tasks…
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 Kredx Frequently Asked Questions

  • When was Kredx founded?

    Kredx was founded in 2015.

  • How many employees does Kredx have?

    Kredx has 106 employees.

  • Who are Kredx competitors?

    Competitors of Kredx include Groww, Beacon and Limonetik.

  • Where is Kredx headquarters?

    Kredx headquarters is located at Salarpuria Softzone, Ground floor, Tower A, Wing 'A, Outer Ring Rd, Green Glen Layout, Bellandur, Bengaluru.

  • Where are Kredx offices?

    Kredx has offices in Bengaluru, Ahmedabad, Chennai, Indore and in 3 other locations.

  • How many offices does Kredx have?

    Kredx has 9 offices.