Moglix to invest $50M in Credlix expansion to US, Mexico

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The story "Moglix to invest $50M in Credlix expansion to US, Mexico" was covered 1 weeks ago by YourStory, a news publisher based in India.

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Moglix to invest $50M in Credlix expansion to US, Mexico - YourStory

Quick Summary:

Credlix will offer collateral-free financing solutions that improve cash flow, reduce financial burdens, and enable SMEs to scale operations in the US and Mexico.

"Just as we've supported manufacturing and infrastructure businesses in India, Credlix's expansion into Mexico will enable SMEs to overcome financial challenges and capitalise on opportunities in a dynamic global trading environment," Garg said.Valued at $2.6 billion, Moglix claims to provide services to over 1,000 large manufacturers and more than 3,000 factories.

The investment will be phased within the year.