Moglix's financing arm Credlix buys majority stake in Vanik Finance
05 Dec 2025, 02:13 PMThe acquisition will help Credlix boost its credit offerings for MSMEs and homegrown exporters.
Team Head&Tale
Share the story on
Credlix, the financing division of B2B commerce company Moglix, has acquired a controlling stake in Vanik Finance, a Delhi-based non-banking financial company (NBFC), for around Rs 80 crore.
"Vanik Finance will now operate fully under the Credlix brand, leveraging advanced analytics and digital underwriting to simplify credit decisions and accelerate turnaround times," said Moglix in a statement.
The acquisition will help Credlix boost its credit offerings for MSMEs and homegrown exporters.
Vanik Finance, which previously collaborated with Credlix as a partner, specializes in providing supply chain funding within a 24-hour timeframe without requiring traditional collateral from borrowers.
Credlix, which was launched in 2021, delivers financing solutions across multiple markets, including India, Singapore, the United States, Mexico, and the UAE. The platform currently serves approximately 700 large enterprises and 16,000 smaller businesses.
The company offers various financial products such as purchase order financing, invoice-based loans, and trade finance for imports and exports, all designed to improve cash flow for smaller businesses. To date, Credlix has supported over 5,000 MSMEs with total credit disbursements reaching $500 million.
In 2024, Moglix invested $50 million into Credlix to support its North American and Mexican market expansion efforts.
Parent company Moglix, established by Rahul Garg in 2015, operates an online marketplace for industrial supplies, power equipment, motors, and medical products. The company achieved unicorn status in 2021 after securing $120 million in Series E funding from Falcon Edge Capital and Harvard Management Company.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
Related News
