Tech
Moglix-Owned Credlix Acquires Majority Stake In NBFC Vanik Finance
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Credlix, the supply chain financing arm of B2B ecommerce unicorn Moglix has acquired a majority stake in Delhi-based NBFC Vanik Finance for around INR 80 Cr (about $8.9 Mn).
“Vanik Finance will now operate fully under the Credlix brand, leveraging advanced analytics and digital underwriting to simplify credit decisions and accelerate turnaround times,” Moglix said in a statement.
The acquisition will help Credlix expand its credit offerings for MSMEs and homegrown exporters. Vanik Finance…
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