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    CredFlow- Is It One of the Fintech Startups in India?

    As we already know, the industry Financial Technology, which is also known as FinTech is a combination of innovation and technology whose objective is to improve financial activities by using technology. Be it net banking or using mobile for financial services, everything comes under Fintech innovation. As this sector of the industry is emerging in the market, there are many fintech companies in India and most of them are a startup. One such start-up is Credflow.

    In this article, we will talk about Credflow and some other startup companies similar to it.

    Credflow, The Start-Up Company

    Every day, we hear about one or the other new start-up companies in Delhi but not all can survive in the emerging market. But, credflow is a fintech company founded by Kunal Agarwal who is a chemical engineer and alumni of IIT, Delhi gave his best to make this company reach a new par.

    Image Source- Linkedin

    What Was The Reason The CEO Established Credflow?

    It was the experience of Kunal in the B2B aggregation field that helped the establishment of CredFlow. He understood that the very first financial problem is procurement which is further followed by cashflow management and working capital. Kunal is also the co-founder of, which is a B2B platform for raw material aggregation. It was that made him understand that what are the core problems that affect a business in the process of selling materials and procurement.

    What Does Credflow Do?

    Credflow is a plug-and-play model for B2B commerce to lessen their working capital requirements and increase growth and profits. They automate account receivables and increase growth and profits. The vision of the company is to help one vertical of a business grow at a time by transforming the credit flow through the supply chain. Their aim is to use data and develop the underwriting mechanism efficiently and enabling a business model in order to make the working capital lighter.

    How Does Credflow Do What They Do?

    Credflow helps its customer by solving their core problem which is collecting the payments on behalf of them from their debtors. They collect the money for their clients 15% faster than what the client would have originally taken. The company captures the payables and receivables data end to end through its product and supply chain of one vertical independently. They further leverage the number using ML and AI to develop intelligence and insights. Zoho, SAP, Facebook, and Oracle are some of the famous companies that trust Credflow.

    Features Of The Credflow Product

    Apart from helping its clients to collects payments faster from the debtors, the other important features include:

    • Powerful Automation

    Be it payment reminders, invoice sharing with debtors or allocation of the amount due to the bills/invoices, everything is automated. The client does not have to be dependant on their collection manager.

    • Understanding the finances

    It analyses the debtors and their behaviour, the collection time on average, and the projected cash flow. The analysis of all this helps to make a better decision in business. It also views and organizes the receivables in one single place.


    • Hassle-free team collaboration

    The user gets access anytime and anywhere and also the information can be shared with the customers through one single click. It manages as well as creates a chore in CRM and also keeps a track of all the conversation happened between the client and the customer. These features help to distribute information by not being dependant on the accounts team even when working remotely.Team Collaboration

    • Powerful management of the cashflow

    It makes the cash flow management process very smooth by creating incentive schemes for the debtors, avoiding bad debts, controlling credit extended, and generating reports automatically for partners.

    The Raising Of Million-Dollar By Credflow In Seed Funding

    On 14th April 2021, Credflow raised around INR 15.2 Crores in a seed capital round which was led by Flourish Network, Omidyar Network India, and Stellaris Venture Partners. An official statement was made by the companies officials which implied that the fund would be used for developing the Credflow platform, building new products, expanding its customer base, and strengthening its tech capabilities. Nitin Gupta who is the founder of Uni. money as well as an angel investor was also part of the seed funding round. The company claimed that they have had more than 5000 businesses and have till now synced invoices worth INR 70,000 crores.

    Most of the people who are not in the financial sector must be finding it very difficult to under what is seed funding?

    Seed Funding

    The terms, ‘seed capital’, ‘seed money, or ‘seed funding’ is heard by the common public very frequently especially when there is a start-up context. An early investment that aims to help a start-up grow and generate capital of its own is known as seed funding. The investors get a stake in the startup’s equity as a result of investing capital. The investors don’t need to be an outsider but they can be a founder who wishes to use their savings as seed money and this process is known as bootstrapping.


    Importance Of Seed Funding For Startups In India

    Seed Funding helps startups when there are money constraints but it helps in further advancement of infrastructure, market strategies, expansion of a business, and covering the hiring expansions. It helps to bring strategic partners to the firm and it even helps to accelerate growth.

    Crowdfunding, Corporate seed funds, Incubators, Accelerators, Angel investors, Personal Savings, Debt Funding, Convertible Securities, VC Funding, and Angel Funds are the different types of seed funding.

    Investors tend to fund businesses that they think have the potential to expand globally.

    Fintech Start-Up In India 

    In the past ten years, the fintech industry has experienced a major change and growth. Many companies have been founded and are still sustaining despite the pandemic. As of 2020, India has almost 400 fintech companies. But policy bazaar, Paytm, MobiKwik and PhonePe are some fintech start-ups that are ruling the Indian market.

    • Paytm

    It helps to transfer money to the bank, pay bills, recharge phones, pay fees, make UPI transactions, and many more. In 2010, it was Vijay Shekhar Sharma who founded the firm but it gained recognition post demonetization in India.


    • Policy Baazar

    This company was founded by Alok Bansal and Yashish Dahiya to help the customers get authentic information about insurance.


    • MobiKwik

    It is a digital wallet that allows making transactions hassle-free on multiple platforms. The payment dashboard is very easy to use.


    • PhonePe

    Founded in December 2015 in India, this company has an app and a website that allows its users to make transactions.


    As seen above, there are many startups in India and despite the pandemic, they are continuing to grow. Credflow, if given a chance will be something that every company uses in the future.

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    Kiara Dutta
    Kiara Dutta comes from an Engineering background, with a specialization in Information Technology. She has a keen interest and expertise in Web Development, Data Analytics, and Research. She trusts in the process of growth through knowledge and hard work.

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