Latest news with #Credlix
Time of India
30-06-2025
- Business
- Time of India
Future of B2B supply chains is digital: Moglix's Rahul Garg
Moglix , the Singapore-headquartered e-commerce company, is focused on transforming supply chains within the manufacturing and infrastructure sectors. The company, valued at $2.6 billion, currently provides support to over 1,000 large manufacturers and more than 3,000 factories. In an interaction with ET Digital, on the sidelines of an event in New Delhi, Founder & CEO Rahul Garg talks about global ambitions, tech strategy, and their $50-million push in Credlix—Moglix's digital supply chain finance company in India. Edited excerpts: ET: What are your criteria for selecting new international markets and assessing readiness for B2B e-commerce? Rahul Garg (RG): We follow a structured, research-driven approach. We prioritise countries with growing manufacturing bases, a strong infrastructure focus, and high digital adoption; key factors include robust internet connectivity, mobile penetration, and digital payment adoption. Ease of doing business, regulatory clarity, and a predictable policy environment are also essential. Additionally, we assess local talent, logistics capabilities, and economic indicators like GDP growth (gross domestic product) trends and currency stability. Importantly, we gauge procurement maturity and the willingness of enterprises to embrace digital transformation . ET: What opportunities and challenges do you see in emerging markets like the Middle East, Southeast Asia, and Africa? RG: These regions offer significant growth, especially with rising industrial activities and digital adoption. In the Middle East and Southeast Asia, infrastructure and SME digitisation are gaining momentum, supported by government initiatives. Africa, with its young, mobile-first population, is also seeing early movement in manufacturing and industrial services. However, these markets pose unique challenges. The regulatory environments differ significantly. The logistics infrastructure may be underdeveloped, leading to delivery delays. Trust in digital payments is uneven, and cultural differences demand localised strategies. We address these issues by investing in regional partnerships, adapting our tech, and building local capabilities. Live Events ET: Moglix recently invested $50 million in Credlix . Tell us how this move aligns with your global expansion strategy. RG: Our latest bet on Credlix will drive our expansion into the US and Mexican markets, as it plays a crucial role in our global operations. Credlix provides financial tools such as invoice discounting, supply chain finance, and purchase order financing to help in managing working capital. In new markets, these services allow both suppliers and customers to scale confidently. Embedded finance makes procurement more accessible: suppliers get quicker payments while buyers enjoy more flexible terms. This strengthens supply chain reliability and makes entry into new geographies smoother. ET: How does Credlix's tech edge strengthen your supplier and customer relationships? RG: Credlix's presence in over 50 countries boosts our credibility as a global partner. For suppliers, early payments reduce working capital constraints, improving delivery consistency and trust. For customers, especially in capital-heavy industries, Credlix provides flexibility by financing purchases without straining balance sheets. It enables cross-border payments, mitigates currency risks, and ensures timely execution. This resilience and financial support help us maintain consistent service and expand our global footprint. ET: Tell us about technological innovations tailored for international markets. RG: We've invested heavily in adaptable platforms to drive international growth. Our tools include real-time inventory management, AI-driven demand forecasting, and automated procurement workflows. The system supports multiple languages, currencies, and compliance frameworks, making it region ready. In the Middle East, the platform aligns with local procurement and reporting standards. In Southeast Asia, we've prioritised mobile-first features. Catalogue-based buying, dynamic pricing, and robust analytics offer localised relevance and insight into buyer behaviour and supplier performance. These innovations help lower costs, speed up transactions, and improve transparency. ET: How do you navigate regulatory challenges in foreign markets? RG: Entering new countries involves dealing with complex compliance norms. We tackle this through a mix of local legal partners, compliance consultants, and automated tools that track regulatory changes. Understanding trade policies, customs norms, and content requirements is key, especially in the Middle East and Southeast Asia. Data privacy and e-commerce laws are also evolving fast. To stay ahead, we use localised onboarding, readiness checklists, and flexible models that adapt to regional legal frameworks. This keeps our operations compliant and disruption-free. ET: What are your target regions for future growth? RG: Our international expansion depends on a blend of industrial momentum, digital maturity, and regulatory clarity. We look for regions with stable trade laws, efficient logistics, and a supportive financial ecosystem. At the same time, we're mindful of challenges like local regulations, varied customer needs, and tech adoption barriers. Currently, we operate in the Middle East, the US, and Mexico. Going forward, we aim to replicate our tech-enabled procurement model in other regions—backed by local operations and embedded financial solutions—to fuel industrial efficiency and growth.
The Wire
26-06-2025
- Business
- The Wire
India–Mexico Trade Corridor: Credlix Launches India Sourcing to Strengthen Bilateral Trade and Financing for Mexican Manufacturers
Introduced at the Embassy of India event in Mexico, the initiative deepens economic collaboration between the two countries New Delhi, Delhi, India (NewsVoir) Credlix, a global fintech platform for cross-border supply chain financing, has announced the launch of its India–Mexico Connect service. This new offering enables Mexican buyers to source industrial products directly from Indian manufacturers via the deep B2B network of Moglix—Credlix's parent company—while accessing seamless, collateral-free trade financing. This marks the first time an Indian B2B startup is introducing such a service in Mexico, strengthening collaboration between Mexican importers and Indian exporters, and accelerating supply chain diversification for Mexican businesses. The service was formally introduced at the IndMex Chamber event hosted by the Embassy of India in Mexico on Thursday, June 19, in the presence of H.E. Pankaj Sharma, Ambassador of India to Mexico. Organized by the Trade and Commerce Council of India and Mexico (IndMex), the event convened key stakeholders from business, trade, and diplomacy to foster stronger bilateral ties. 'With the launch of India Sourcing for Mexico, we are enabling a new chapter in India–LATAM trade,' said Rahul Garg, Founder & CEO of Moglix and Credlix. 'As Mexico grows as a nearshoring hub and India expands its manufacturing base, this initiative bridges both supply and capital gaps, creating stronger global value chains.' Ambassador Dr. Pankaj Sharma, along with Daniel Becker Feldman, CEO of Banca Mifel, emphasized the shift from diplomatic goodwill to concrete business outcomes. Dr. Sharma reiterated the growing momentum in bilateral cooperation and stressed the importance of enabling tangible economic engagement. Becker Feldman highlighted Mexico's untapped potential in digital finance, noting that 'over half of Mexican transactions remain cash-based,' and praised India's digital payments infrastructure as a model Banca Mifel already leverages. Through India–Mexico Connect, Mexican buyers can access a wide range of industrial products—including automotive components, engineering goods, chemicals, bulk packaging, textiles, and electronics—from over 20,000 Indian suppliers in the Moglix network. Backed by Credlix's invoice-based export financing, these imports are eligible for up to 90% working capital at the time of shipment, all without collateral. The platform addresses long-standing challenges such as payment security, sourcing complexity, and limited access to trade finance. By integrating procurement and financing into a digital-first platform, it delivers a frictionless cross-border trade experience. Aligned with global trends such as China 1 diversification, nearshoring, and Indo-Pacific economic cooperation, this initiative aims to rapidly grow the relatively smaller USD 11 billion trade between India and Mexico, which stands in sharp contrast to Mexico's USD 120 billion trade with China. India–Mexico Connect positions India as a reliable sourcing partner and Credlix as the financial backbone of this evolving trade corridor. Credlix Credlix is a global supply chain financing platform that enables SMEs to access fast, collateral-free working capital. With operations across India, the United States, Mexico, and the UAE, Credlix helps businesses scale sustainably and thrive in global markets. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Business Standard
25-06-2025
- Business
- Business Standard
India-Mexico Trade Corridor: Credlix Launches India Sourcing to Strengthen Bilateral Trade and Financing for Mexican Manufacturers
NewsVoir New Delhi [India], June 25: Credlix, a global fintech platform for cross-border supply chain financing, has announced the launch of its India-Mexico Connect service. This new offering enables Mexican buyers to source industrial products directly from Indian manufacturers via the deep B2B network of Moglix--Credlix's parent company--while accessing seamless, collateral-free trade financing. This marks the first time an Indian B2B startup is introducing such a service in Mexico, strengthening collaboration between Mexican importers and Indian exporters, and accelerating supply chain diversification for Mexican businesses. The service was formally introduced at the IndMex Chamber event hosted by the Embassy of India in Mexico on Thursday, June 19, in the presence of H.E. Pankaj Sharma, Ambassador of India to Mexico. Organized by the Trade and Commerce Council of India and Mexico (IndMex), the event convened key stakeholders from business, trade, and diplomacy to foster stronger bilateral ties. "With the launch of India Sourcing for Mexico, we are enabling a new chapter in India-LATAM trade," said Rahul Garg, Founder & CEO of Moglix and Credlix. "As Mexico grows as a nearshoring hub and India expands its manufacturing base, this initiative bridges both supply and capital gaps, creating stronger global value chains." Ambassador Dr. Pankaj Sharma, along with Daniel Becker Feldman, CEO of Banca Mifel, emphasized the shift from diplomatic goodwill to concrete business outcomes. Dr. Sharma reiterated the growing momentum in bilateral cooperation and stressed the importance of enabling tangible economic engagement. Becker Feldman highlighted Mexico's untapped potential in digital finance, noting that "over half of Mexican transactions remain cash-based," and praised India's digital payments infrastructure as a model Banca Mifel already leverages. Through India-Mexico Connect, Mexican buyers can access a wide range of industrial products--including automotive components, engineering goods, chemicals, bulk packaging, textiles, and electronics--from over 20,000 Indian suppliers in the Moglix network. Backed by Credlix's invoice-based export financing, these imports are eligible for up to 90% working capital at the time of shipment, all without collateral. The platform addresses long-standing challenges such as payment security, sourcing complexity, and limited access to trade finance. By integrating procurement and financing into a digital-first platform, it delivers a frictionless cross-border trade experience. Aligned with global trends such as China+1 diversification, nearshoring, and Indo-Pacific economic cooperation, this initiative aims to rapidly grow the relatively smaller USD 11 billion trade between India and Mexico, which stands in sharp contrast to Mexico's USD 120 billion trade with China. India-Mexico Connect positions India as a reliable sourcing partner and Credlix as the financial backbone of this evolving trade corridor.
Fashion Value Chain
25-06-2025
- Business
- Fashion Value Chain
India-Mexico Trade Corridor: Credlix Launches India Sourcing to Strengthen Bilateral Trade and Financing for Mexican Manufacturers
Credlix, a global fintech platform for cross-border supply chain financing, has announced the launch of its India-Mexico Connect service. This new offering enables Mexican buyers to source industrial products directly from Indian manufacturers via the deep B2B network of Moglix-Credlix's parent company-while accessing seamless, collateral-free trade financing. This marks the first time an Indian B2B startup is introducing such a service in Mexico, strengthening collaboration between Mexican importers and Indian exporters, and accelerating supply chain diversification for Mexican businesses. Credlix announces the launch of its India-Mexico Connect service at the IndMex Chamber The service was formally introduced at the IndMex Chamber event hosted by the Embassy of India in Mexico on Thursday, June 19, in the presence of H.E. Pankaj Sharma, Ambassador of India to Mexico. Organized by the Trade and Commerce Council of India and Mexico (IndMex), the event convened key stakeholders from business, trade, and diplomacy to foster stronger bilateral ties. 'With the launch of India Sourcing for Mexico, we are enabling a new chapter in India-LATAM trade,' said Rahul Garg, Founder & CEO of Moglix and Credlix.'As Mexico grows as a nearshoring hub and India expands its manufacturing base, this initiative bridges both supply and capital gaps, creating stronger global value chains.' Ambassador Dr. Pankaj Sharma, along with Daniel Becker Feldman, CEO of Banca Mifel, emphasized the shift from diplomatic goodwill to concrete business outcomes. Dr. Sharma reiterated the growing momentum in bilateral cooperation and stressed the importance of enabling tangible economic engagement. Becker Feldman highlighted Mexico's untapped potential in digital finance, noting that 'over half of Mexican transactions remain cash-based,' and praised India's digital payments infrastructure as a model Banca Mifel already leverages. Through India-Mexico Connect, Mexican buyers can access a wide range of industrial products-including automotive components, engineering goods, chemicals, bulk packaging, textiles, and electronics-from over 20,000 Indian suppliers in the Moglix network. Backed by Credlix's invoice-based export financing, these imports are eligible for up to 90% working capital at the time of shipment, all without collateral. The platform addresses long-standing challenges such as payment security, sourcing complexity, and limited access to trade finance. By integrating procurement and financing into a digital-first platform, it delivers a frictionless cross-border trade experience. Aligned with global trends such as China+1 diversification, nearshoring, and Indo-Pacific economic cooperation, this initiative aims to rapidly grow the relatively smaller USD 11 billion trade between India and Mexico, which stands in sharp contrast to Mexico's USD 120 billion trade with China. India-Mexico Connect positions India as a reliable sourcing partner and Credlix as the financial backbone of this evolving trade corridor. Credlix Credlix is a global supply chain financing platform that enables SMEs to access fast, collateral-free working capital. With operations across India, the United States, Mexico, and the UAE, Credlix helps businesses scale sustainably and thrive in global markets.
Yahoo
24-06-2025
- Business
- Yahoo
India–Mexico Trade Corridor: Credlix Launches India Sourcing to Strengthen Bilateral Trade and Financing for Mexican Manufacturers
Introduced at the Embassy of India event in Mexico, the initiative deepens economic collaboration between the two countries MEXICO CITY, June 24, 2025--(BUSINESS WIRE)--Credlix, a global fintech platform for cross-border supply chain financing, has announced the launch of its India–Mexico Connect service. This new offering enables Mexican buyers to source industrial products directly from Indian manufacturers via the deep B2B network of Moglix—Credlix's parent company—while accessing seamless, collateral-free trade financing. This marks the first time an Indian B2B startup is introducing such a service in Mexico, strengthening collaboration between Mexican importers and Indian exporters, and accelerating supply chain diversification for Mexican businesses. The service was formally introduced at the IndMex Chamber event hosted by the Embassy of India in Mexico on Thursday, June 19, in the presence of H.E. Pankaj Sharma, Ambassador of India to Mexico. Organized by the Trade and Commerce Council of India and Mexico (IndMex), the event convened key stakeholders from business, trade, and diplomacy to foster stronger bilateral ties. "With the launch of India Sourcing for Mexico, we are enabling a new chapter in India–LATAM trade," said Rahul Garg, Founder & CEO of Moglix and Credlix. "As Mexico grows as a nearshoring hub and India expands its manufacturing base, this initiative bridges both supply and capital gaps, creating stronger global value chains." Ambassador Dr. Pankaj Sharma, along with Daniel Becker Feldman, CEO of Banco Mifel, emphasized the shift from diplomatic goodwill to concrete business outcomes. Dr. Sharma reiterated the growing momentum in bilateral cooperation and stressed the importance of enabling tangible economic engagement. Becker Feldman highlighted Mexico's untapped potential in digital finance, noting that "over half of Mexican transactions remain cash-based," and praised India's digital payments infrastructure as a model Banco Mifel already leverages. Through India–Mexico Connect, Mexican buyers can access a wide range of industrial products—including automotive components, engineering goods, chemicals, bulk packaging, textiles, and electronics—from over 20,000 Indian suppliers in the Moglix network. Backed by Credlix's invoice-based export financing, these imports are eligible for up to 90% working capital at the time of shipment, all without collateral. The platform addresses long-standing challenges such as payment security, sourcing complexity, and limited access to trade finance. By integrating procurement and financing into a digital-first platform, it delivers a frictionless cross-border trade experience. Aligned with global trends such as China+1 diversification, nearshoring, and Indo-Pacific economic cooperation, this initiative aims to rapidly grow the relatively smaller USD 11 billion trade between India and Mexico, which stands in sharp contrast to Mexico's USD 120 billion trade with China. India–Mexico Connect positions India as a reliable sourcing partner and Credlix as the financial backbone of this evolving trade corridor. View source version on Contacts Genette Herrera, Associate Director, Credlix, +52 55 4544 9526 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
