Credlix Crosses USD 1 Billion in Export Financing for MSMEs
Mumbai: Credlix, the cross-border trade financing platform by Moglix, has crossed USD 1 billion in export financing, supporting more than 1,000 MSME exporters across India, Mexico, the US, the Middle East and Singapore.
The platform combines an RBI-regulated NBFC in India with an IFSCA-regulated GIFT City entity, enabling financing support for manufacturers in India and overseas buyers.
USD 100 million committed to India-Mexico corridor
Credlix has committed more than USD 100 million towards financing Mexican companies in FY27, supporting Indian manufacturers supplying buyers in Mexico.
The commitment comes as bilateral trade between India and Mexico has crossed USD 11 billion.
The Embassy of India recently brought together Rahul Garg, Founder and CEO of Moglix, Credlix and Cognilix, with India’s Ambassador to Mexico Dr Pankaj Sharma, Jose Mora Medina, President, Coparmex, and Juan Pablo Medina Mora Icaza, CEO of the organisation, to discuss opportunities for strengthening India-Mexico business ties.
Export financing needs grow with overseas trade
India’s merchandise exports reached USD 173.78 billion between April and July of FY27, registering a 17.04% increase.
As Indian businesses expand into international markets, working capital requirements have become increasingly important, particularly for MSME exporters dealing with longer payment cycles.
Export factoring allows exporters to obtain financing against overseas receivables, helping them manage cash flow and support larger international orders.
Rahul Garg, Founder and CEO, Credlix, said India’s export factoring market remains at an early stage compared with more developed markets. He noted that factoring penetration in India is below 1% of exports, indicating scope for greater awareness and specialised capabilities in export finance for MSMEs.
Credlix targets USD 500 million in India exports
Credlix’s export factoring model supports financing in major export currencies, including USD, EUR and GBP.
For FY27, the company is targeting financing of more than USD 500 million of exports from India.
Pramit Joshi, Vice President, Credlix, said export financing requires additional capabilities alongside India’s existing digital and formal MSME financing infrastructure.
He pointed to differences between domestic mechanisms such as TReDS and overseas trade, including buyer verification, KYC, recovery processes and regulatory requirements. According to Joshi, greater participation from overseas buyers and stronger capabilities for managing cross-border receivables could help more Indian MSMEs access export finance and expand into international markets.
He also noted that such capabilities could become increasingly relevant as India seeks to convert market access created through free trade agreements into sustained export growth.
