Kolkata: Cross-border trade financing platform Credlix has crossed the USD 1 billion mark in export financing, supporting more than 1,000 MSME exporters across India, Mexico, the United States, the Middle East and Singapore.
Credlix, the cross-border trade financing arm of Moglix, has also committed more than USD 100 million towards financing Mexican companies in FY27, with a focus on supporting Indian manufacturers supplying buyers in Mexico.
The move comes as economic and trade ties between India and Mexico continue to expand, with bilateral trade between the two countries crossing USD 11 billion.
The India-Mexico corridor is emerging as an important market for Credlix, which combines an RBI-regulated NBFC in India with an IFSCA-regulated entity in GIFT City. The structure allows the platform to provide financing support across both sides of an international transaction—helping Indian manufacturers manage working capital while also supporting overseas buyers.
The company’s growing engagement with Mexico was also highlighted during a recent meeting involving Rahul Garg, Founder and CEO of Moglix, Credlix and Cognilix, India’s Ambassador to Mexico Dr Pankaj Sharma, Coparmex President Jose Mora Medina, and Coparmex CEO Juan Pablo Medina Mora Icaza. The meeting focused on opportunities to deepen business and trade ties between India and Mexico.
Export growth increases demand for working capital
The expansion comes at a time when India’s merchandise exports have started FY27 on a strong footing. Between April and July, India’s merchandise exports reached USD 173.78 billion, registering a 17.04 per cent growth.
For MSME exporters, however, international growth often brings longer payment cycles and increased working-capital requirements. Export factoring is designed to address this gap by providing finance against overseas receivables, enabling exporters to maintain cash flow while taking on larger international orders.
Rahul Garg said India’s export factoring market remains relatively underdeveloped compared with more mature global markets.
“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,” Garg said.
He added that Credlix is focusing on developing these capabilities and helping more Indian exporters access the working capital required to expand into global markets.
Credlix’s export factoring platform supports financing in major international currencies, including USD, EUR and GBP. For FY27, the company has set a target of financing more than USD 500 million worth of exports from India alone.
Credlix seeks stronger cross-border financing ecosystem
According to Pramit Joshi, Senior Vice President, Credlix, India’s digital and formal financing infrastructure for MSMEs has developed significantly, but cross-border trade requires additional capabilities because overseas transactions involve different buyer-verification, KYC, recovery and regulatory processes.
He said stronger participation from overseas buyers and improved systems for managing cross-border receivables could help Indian MSMEs access export finance more easily.
Joshi also pointed to the growing importance of export financing as India seeks to convert the market-access opportunities created by Free Trade Agreements (FTAs) into sustained export growth.
With its USD 1 billion financing milestone and an aggressive FY27 target, Credlix is now looking to expand its role in supporting Indian MSMEs as they enter and scale across international markets.
