Credlix, the digital supply chain financing platform from Moglix, has entered the EXIM financing space, with its acquisition of NuPhi. The acquisition comes shortly after Moglix’s entry into the Middle East region. As Moglix continues to expand globally, it is focusing on strengthening its supply chain financing solutions to enable manufacturers easy access to cash flow for their growth. Moglix has been working with suppliers and manufacturers across more than 120 countries. As part of its COVID-19 response, Moglix supported PPE and medical equipment deliveries to organizations to mitigate global supply chain disruptions in 53 countries.
NuPhi is a Singapore based fintech start-up offering invoice factoring solutions to MSME exporters in India and South-East Asia. Founded in 2019, by Pramit Joshi and Mayur Totla, NuPhi offers cross border financing and SaaS applications to digitalise & automate EXIM workflows.
Elaborating on the decision to enter