Credlix US expands supply chain finance offering into Mexico

By Gloria Mathias

Credlix, a global provider of supply chain financing solutions, has expanded its operations into Mexico with the backing of a $50 million investment from Moglix, Asia’s B2B e-commerce brand.

Having established a presence in the US market, Credlix is broadening its reach into Mexico. It will enable SME exporters to access swift, collateral-free financing, address critical working capital challenges, and support business growth.

Rahul Garg, Founder and CEO of Moglix, invested $50 million in Credlix to fuel its expansion in Mexico.

The rise of cross-border trade, nearshoring, and SME growth in Mexico has increased demand for supply chain finance and export factoring. However, many SMEs face challenges like limited financing, raw material price volatility, currency fluctuations, and buyer default risks. Credlix addresses these issues by offering collateral-free, tailored financing solutions that provide up to 90% of invoice value upon shipment, boosting cash flow, easing financial pressures, and ensuring smooth operations.

Credlix’s expansion into Mexico enhances trade between developing markets and the US, offering American businesses a more resilient supply chain, diversified sourcing, and faster access to quality goods, reinforcing nearshoring trends.

Credlix focuses on Mexico’s growing manufacturing sector, including industries such as automotive and auto parts, textiles and apparel, aerospace components, industrial and consumer chemicals, produce and agriproducts, electronics, and more. The company addresses challenges faced by exporters, including delayed payments, urgent liquidity needs, and buyer bankruptcy risk.

“We are excited to enter the Mexican market and introduce a new approach to supply chain financing for SMEs,” said Yash Mahendra, Americas Market Leader at Credlix. “Our collateral-free, digital-first approach is designed to support the growth of exporters and help them make the most of strong nearshoring tailwinds that Mexico is experiencing.”

“Our investment in Credlix demonstrates our dedication to empowering global supply chains,” stated Rahul Garg, Founder & CEO of Moglix. “Credlix expansion into Mexico is a strategic move aimed at enabling exporters to overcome financial obstacles and prosper in the dynamic trading landscape.”