MUMBAI — Credlix, the fintech arm of Moglix, has acquired a majority stake in Vanik Finance and plans to commit ₹80 crore to the business. The company said the move is intended to expand access to working capital for micro, small and medium enterprises (MSMEs) and exporters.
Moglix founder Rahul Garg, who also serves as CEO of Credlix, said the initiative is aimed at widening credit access. “This milestone helps us widen access to timely and reliable capital for MSMEs,” Garg said, adding that the goal is to support the financial needs of small and mid-sized businesses.
Credlix said Vanik Finance will operate under the Credlix brand and use analytics-driven underwriting to streamline credit assessments and reduce turnaround times. The stake acquisition is expected to help Credlix broaden its secured and unsecured lending products while maintaining what the company described as a disciplined lending approach.
The company said its expanded offerings are designed to give MSMEs faster access to funds and greater flexibility in managing cash flows. Credlix noted that demand for digital onboarding, bank-statement analytics, GST-based assessments and collateral-light loan structures is increasing as MSMEs seek more predictable access to capital.
According to Credlix, its lending strategy is focused on reducing documentation, improving transparency and shortening approval timelines for manufacturers, traders and exporters. Garg said the company aims to combine technology, supply-chain networks and simplified credit access to support business growth.
Credlix plans to continue investing in technology-driven credit products, including digital invoice discounting, export factoring and anchor-based lending programs. The company said pilot programs in industrial clusters have shown strong demand and solid repayment trends. It is also considering partnerships with banks and financial institutions to expand its lending capacity.
Credlix added that its India–Mexico Trade Corridor initiative is helping exporters improve liquidity and connect more easily with overseas buyers, and that the strengthened capital base from the Vanik Finance acquisition will support expansion of these efforts.
