Moglix-owned Credlix acquires Singapore-based EXIM fintech startup NuPhi

Credlix, the digital supply chain financing platform from Moglix, the industrial business-to-business firm for manufacturing, has entered the EXIM financing space, with its acquisition of NuPhi. The acquisition comes shortly after Moglix’s entry into the Middle East region. As Moglix continues to expand globally, it is focusing on strengthening its supply chain financing solutions to enable manufacturers easy access to cash flow for their growth.

Moglix has been working with suppliers and manufacturers across more than 120 countries. As part of its Covid-19 response, Moglix supported PPE and medical equipment deliveries to organizations to mitigate global supply chain disruptions in 53 countries. The value of the transactions was not revealed by the firms. Credix has now grown its supply chain financing business to $100 million.