CredFlow Gets NBFC Licence from RBI
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CredFlow receives NBFC licence from RBI for SME lending. CashFloat operates under Cashpositive Finance. Data-native NBFC for working capital.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Dec 10 (PTI) CredFlow, an SME lending and cash-flow platform, on Wednesday said it has received an RBI licence for a new Non-Deposit Taking NBFC (ICC type 2).
NBFC operates through its group entity Cashpositive Finance Pvt Ltd, under the brand name CashFloat, CredFlow said in a statement.
The platform is already live and disbursing loans, it said, adding that with this, CredFlow unlocks India's first truly data-native NBFC.
It uses deep GST, banking, ERP, and supply-chain data to offer fast, structured, and transparent working-capital solutions to manufacturers, traders, and distributors, it said.
Over the last four years, CredFlow has built India's largest cashflow and invoice-intelligence network for SMEs.
NBFC operates through its group entity Cashpositive Finance Pvt Ltd, under the brand name CashFloat, CredFlow said in a statement.
The platform is already live and disbursing loans, it said, adding that with this, CredFlow unlocks India's first truly data-native NBFC.
It uses deep GST, banking, ERP, and supply-chain data to offer fast, structured, and transparent working-capital solutions to manufacturers, traders, and distributors, it said.
Over the last four years, CredFlow has built India's largest cashflow and invoice-intelligence network for SMEs.
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