 "fund raising")
KredX, an invoice discounting platform, on Wednesday announced it had raised $26 million (Rs 187 crore) in Series-B funding led by Tiger Global Management, with participation from existing investors.
KredX was started by Manish Kumar and Anurag Jain in 2015 to help businesses meet their short-term working capital needs by facilitating discounting of their unpaid invoices. KredX claims to have processed more than 500,000 invoices helping 5000+ suppliers across 36 cities.
The start-up had previously raised funds from Sequoia Capital and Prime Ventures Partners as part of its Series-A funding.
Scott Shleifer, Partner, Tiger Global said KredX has created an efficient and trusted
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