CredFlow secures NBFC license from RBI
10 Dec 2025, 01:55 PMThe new NBFC license enhances CredFlow's existing lending operations, which is projected to hit Rs 100 crore in assets under management this year.
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CredFlow, an SME lending and cash management company, has received regulatory approval from the Reserve Bank of India (RBI) to operate as a Non-Deposit Taking non banking financial company (NBFC).
The NBFC, which operates under its group company Cashpositive Finance Pvt Ltd under the brand CashFloat, has already begun disbursing loans to small and medium enterprises, it said in a statement.
It added the license is ICC type 2, which refers to an NBFC–Investment and Credit Company (NBFC-ICC) registered with the RBI whose principal business is providing finance.
The new NBFC license enhances CredFlow's existing lending operations, which is projected to hit Rs 100 crore in assets under management this year. Previously dependent on partnerships and lending service provider arrangements, the company can now issue loans directly, allowing for quicker approvals, customized credit solutions, and complete oversight of the lending process from start to finish.
The company, which was founded in 2020 by Kunal Aggarwal, said that it leverages comprehensive GST records, banking information, ERP systems, and supply-chain analytics to provide quick and transparent working capital to manufacturers, traders, and distributors across the country.
CredFlow has spent the past four years building a cashflow tracking and invoice monitoring network for SMEs. The system it said processes over $800 billion worth of GST-verified invoices and connects with around six million businesses, representing nearly half of all GST-registered entities in India. This data access provides the company with insights into SME creditworthiness that conventional lenders typically lack.
"The real challenge for India's small businesses isn't demand -- it's accessing capital when they need it. Supporting these enterprises strengthens the entire economic ecosystem," said Aggarwal, founder and CEO, CredFlow.
Credflow has raised venture capital funding from Omidyar Network India, Stellaris Venture Partners and Flourish Ventures.
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