B2B e-commerce unicorn Moglix has announced a $50 million investment to drive the expansion of its supply chain financing arm, Credlix, into the US and Mexico. Credlix aims to provide collateral-free financing solutions to enhance cash flow, alleviate financial pressures, and support SMEs in scaling their operations across these regions.

According to an announcement, “Credlix is extending its reach to the USA and Mexico with the backing of $50 million from Moglix.” Founder and CEO Rahul Garg remarked, “This investment choice was made during the current fiscal year and will be implemented in stages. Moglix stays committed to long-term investments.

“Just as we’ve supported manufacturing and infrastructure businesses in India, Credlix’s expansion into Mexico will enable SMEs to overcome financial challenges and capitalize on opportunities in a dynamic global trading environment,” Garg said.

Credlix’s expansion will focus on the manufacturing sector, which includes significant industries such as automotive, textiles and apparel, aerospace components, industrial and consumer chemicals, agriproducts, and electronics, according to the announcement.

Valued at $2.6 billion, Moglix claims to provide services to over 1,000 large manufacturers and more than 3,000 factories.