Credlix, the fintech arm of Moglix, a B2B e-commerce company, has acquired a two-thirds stake in Vanik Finance, a Delhi-based non-banking finance company (NBFC), for ₹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.
The majority stake in Vanik Finance enhances Credlix’s ability to offer a wider range of secured and unsecured lending products while maintaining a disciplined and customer-focused approach.
The focus is on reducing documentation, improving transparency and enabling quicker sanctions so that manufacturers, traders and exporters can access working capital without friction. Credlix is building a unified system that brings together technology, credit intelligence and sector understanding to deliver reliable liquidity solutions tailored to the needs of growing businesses.
Credlix will continue investing in technology-led credit products, including digital invoice discounting, export factoring, and anchor-based programs. Pilot initiatives across major industrial clusters have demonstrated strong demand and consistent repayment performance. The company is also exploring partnerships with banks and financial institutions to expand reach and capacity.
Through initiatives such as the India–Mexico Trade Corridor, Credlix is enabling exporters with smoother liquidity flows and better access to international buyers. With a stronger capital base and expanded lending capability through Vanik Finance, Credlix is now positioned to scale these efforts across markets and contribute to India’s participation in global trade.
Rahul Garg, Founder and CEO of Moglix and Credlix, said, “This milestone helps us widen access to timely and reliable capital for MSMEs. Our goal is to support the complete financial lifecycle of small and mid-sized businesses in a way that is simple, transparent, and aligned with their growth needs.”
“MSMEs are the backbone of India’s economy. They need financial partners who understand their realities. By bringing together technology, supply chain networks, and simplified credit access, we aim to help them grow with confidence,” Garg added.
Founded by Rahul Garg, Moglix has built one of India’s leading B2B commerce ecosystems. Credlix, the financial arm of Moglix, is a global supply-chain financing platform that enables SMEs (manufacturers, suppliers, and exporters across industrial sectors) to access fast, collateral-free working capital. With operations across India, the United States, Mexico, and the UAE, Credlix helps businesses scale sustainably and participate in global markets.
