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.
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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.
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