Commits USD 100 million towards India-Mexico corridor in FY27
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 company has committed more than USD 100 million towards financing Mexican companies in FY27, supporting Indian manufacturers supplying buyers in Mexico. Bilateral trade between India and Mexico has crossed USD 11 billion.
India’s merchandise exports reached USD 173.78 billion between April and July of FY27, growing 17.04%. With MSME exporters managing longer payment cycles, export factoring can help bridge working-capital gaps by financing overseas receivables.
Rahul Garg, Founder and CEO, Credlix, said, “India’s export factoring market is still at an early stage compared with more developed markets, where factoring is significantly more established. With factoring penetration in India at below 1% of exports, there is an opportunity to build greater awareness and specialist capabilities to help MSMEs secure export finance and scale their global businesses. At Credlix, we are focused on building these capabilities and helping more Indian exporters obtain the working capital they need to grow across global markets.”
Credlix enables financing in USD, EUR and GBP and targets financing more than USD 500 million of Indian exports in FY27.
Pramit Joshi, Senior Vice President, Credlix, said, “India has made significant progress in building digital and formal financing infrastructure for MSMEs, and export financing calls for a further set of capabilities alongside it. Domestic mechanisms such as TReDS were designed for a different context, where buyer verification, KYC, recovery processes and regulatory requirements work differently from overseas trade. Building stronger participation from overseas buyers and developing the capabilities needed to manage cross-border receivables can help more Indian MSMEs access export finance, take on larger international orders and expand into new markets. This will be increasingly important as India realises the market-access opportunities created through FTAs, since the benefit of these agreements will ultimately depend on our ability to convert market access into sustained export growth.”
