A Delhi-based fintech startup, CredFlow, has raised $3.7 million (around 31.2 crore) in a Pre-Series B funding round, co-led by its existing investors, Inflexor Ventures and a Singapore-based family office.

The round was co-led the company previously raised $9.2 million from prominent venture capital firms in two separate rounds.

CredFlow said in a press release that the new funds will be used to enhance and expand its financial services and lending verticals, as well as strengthen its technology and innovation capabilities.

This was founded in the year 2020 by Kunal Aggarwal and is a SaaS-based cash flow management platform designed to help small and medium-sized businesses optimize their financial operations.

The platform offers tools for better cash flow management, offering timely insights on pending customer payments, sending payment reminders, validating invoices, and negotiating early payment discounts, all aimed at unlocking additional working capital for SMEs.

CredFlow reports that it has helped over 150,000 SMEs across India in managing their cash flow challenges. Nearly half of India's GST-registered businesses have been on boarded by the platform, which has integrated invoices totaling $600 billion. KuberX, an innovative credit scoring app, has already attracted 25,000 monthly active users (MAUs). CredFlow intends to quadruple its user base by the year 2025.

Financial management for businesses is enhanced by the seamless integration with ERP systems like Tally or Busy. Business owners get real-time data and in-depth understanding of their operations with this integration.