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Quick Verdict — KredX Review 2026

3.8

★★★★★

out of 5 — InvoiceFollowups Editorial Rating

KredX is a Bengaluru-based invoice discounting marketplace founded in 2015 by Manish Kumar and Anurag Jain. It has raised $33 million from Tiger Global Management, Peak XV Partners, and Prime Venture Partners. For businesses supplying large corporate buyers, it provides working capital against unpaid invoices at advertised rates of 1.2–2% per month, with funds credited within 24–72 hours.

Bottom line: KredX works well for established vendors supplying blue-chip companies who need faster access to working capital than a bank loan allows. The main drawbacks are opaque pricing (no public fee schedule), a 2024 pattern of reported investor-side defaults affecting platform liquidity, and a 49% headcount reduction (Tracxn data, March 2025). Businesses with buyers registered on RBI's TReDS platform should compare RXIL and M1xchange first — they typically offer lower effective rates through competitive bidding.

What Is KredX?

KredX is an online invoice discounting marketplace headquartered at Gayathri Mansion, Bellandur, Bengaluru, Karnataka 560103. It was incorporated in 2015 under the name Minions Ventures Pvt. Ltd. (later rebranded) by co-founders Manish Kumar (CEO) and Anurag Jain.

The platform connects Indian businesses — primarily vendors and suppliers to large corporations — with a network of institutional and individual investors who purchase their unpaid invoices at a discount. The business gets early access to working capital; the investor earns a return when the buyer pays on the invoice due date.

Company Facts — Verified May 2026

Founded2015

FoundersManish Kumar & Anurag Jain

HeadquartersBengaluru, Karnataka, India

Total Funding$33 million (3 rounds)

InvestorsTiger Global, Peak XV Partners, Prime Venture Partners

Latest RoundSeries B — $26M (Nov 2019, Tiger Global)

Revenue (FY2025)₹14.1 Cr (Tracxn, Mar 2025)

Employees~69 (Mar 2025, ↓49% YoY, Tracxn)

RegulatoryRBI-licensed TReDS + IFSCA-licensed ITFS

MCA RegistrationRegistered — Minions Ventures Pvt. Ltd.

Sources: Tracxn (May 2026), Business Standard, KredX official website, MCA records. Verified by InvoiceFollowups Editorial Team, May 20, 2026.

Over the years, KredX has evolved beyond pure invoice discounting. Its current product suite includes supply chain finance, B2B BNPL (Buy Now, Pay Later), import-export financing via its IFSCA-licensed ITFS platform, and a KredX Cashback Card (co-branded with ICICI Bank) for vendor payments.

How KredX Invoice Discounting Works

The KredX invoice discounting process follows a straightforward five-step model. Here is exactly what happens from invoice upload to fund receipt, based on information verified from KredX's official FAQ (May 2026):

Business Registration & KYC

Register on kredx.com as a business. Submit company PAN, GSTIN, director KYC (Aadhaar/PAN), last 2 years of ITR, GST returns, and 6–12 months of bank statements. KredX's credit team evaluates the buyer's creditworthiness — not just the vendor's. Timeline: 3–7 business days.

Invoice Upload

Once onboarded, upload unpaid invoices raised on approved blue-chip buyers through KredX's self-serve module. Include invoice copy, delivery confirmation, and PO if required. Invoices must be on buyers approved by KredX (typically large-cap companies).

Listing & Investor Bidding

KredX lists the invoice on its platform. Investors (institutional and individual) bid to purchase it. The discount rate is determined by the tenor (30–90 days) and buyer risk profile. KredX advertises starting rates of 1.2–2% per month.

Fund Disbursement

Upon successful listing, the business receives up to 90% of the invoice value within 24–72 hours. The remaining 10% is held as a buffer against payment risk.

Buyer Payment & Balance Release

On the invoice due date, the buyer pays the full invoice amount to KredX. KredX releases the remaining balance (10% buffer) to the business, minus the agreed discounting fee and platform charges.

💡 KredX vs TReDS: a key structural difference

On KredX, investors bid on invoices — this is a marketplace model. On RBI's TReDS platforms (RXIL, M1xchange, Invoicemart), regulated banks and NBFCs bid competitively. TReDS financiers are RBI-regulated lenders operating under strict rate guidelines, which is why TReDS rates (8–15% p.a.) are structurally lower than KredX's marketplace rates (14.4–24% p.a.). If your buyer is on TReDS, check that first. Check TReDS eligibility →

KredX Key Features — 2026

KredX has expanded significantly from its original invoice discounting core. Here are the platform's current features relevant to businesses seeking invoice financing in India:

⚡Core

Invoice Discounting

Core product. Upload invoices on blue-chip buyers, receive up to 90% of face value within 24–72 hours. Tenures of 30–90 days. Rates from 1.2–2% per month.

🔗Enterprise

Supply Chain Finance (SCF)

Buyer-initiated program. If the corporate buyer adopts KredX SCF, vendors get access to early payment at typically lower rates. Requires buyer on-boarding.

🏦RBI-Licensed

TReDS Platform

KredX operates an RBI-licensed TReDS platform — separate from its primary marketplace. Businesses can access regulated invoice discounting through this licensed entity.

🌐Export

Import/Export Financing (ITFS)

IFSCA-licensed ITFS platform for post-shipment export financing. Exporters can discount invoices raised on international buyers without collateral.

💳B2B Payments

KredX Cashback Card (ICICI Bank)

Co-branded credit card for B2B vendor payments. Provides cashback and rewards on business-to-business payment transactions. Announced 2023.

🛒B2B Payments

B2B BNPL (Buy Now Pay Later)

Extended credit terms for business buyers — enables buyer-side financing so vendors receive payment on delivery while buyers get extended payment terms.

KredX Pricing and Discount Rates — 2026

KredX does not publish a fixed public fee schedule. The following figures are sourced directly from KredX's official website, its FAQ page, and MediumKredX India publications, verified May 2026. All rates are indicative — your actual rate depends on buyer creditworthiness and invoice tenor.

KredX Invoice Discounting — Pricing Summary

Verified from kredx.com — May 2026. Rates are indicative; actual charges depend on buyer profile and invoice tenure.

Discount rate (monthly)

1.2% – 2% per month

Advertised starting rate. Higher-risk buyers / longer tenures attract higher rates.

Annualised effective rate

~14.4% – 24% p.a.

Simple monthly rate × 12. Does not include platform fees.

Invoice advance (% of face value)

Up to 90%

Remaining 10% released after buyer payment on due date.

Platform / processing fee

Not publicly disclosed

KredX FAQ states fees cover legal documentation, operational charges, and deal processing. Ask for all-in quote before proceeding.

Invoice tenure

30 – 90 days

Maximum invoice tenure on the platform is 90 days.

Collateral requirement

None

Zero-liability facility — the invoice itself acts as pseudo-collateral. No impact on balance sheet.

TDS on discounting income

10% (Section 194A)

TDS deducted by KredX on the discounting benefit (investor income). Businesses can claim TDS certificate.

⚠️ No public fee schedule — ask for all-in cost

KredX does not publish its platform fee publicly. Before signing any agreement, ask for the complete effective annual cost including the discount rate, platform fee, and any documentation charges. Our Invoice Discounting Cost Calculator → helps you compute the true annualised cost from any set of charges.

KredX Eligibility Requirements

KredX's eligibility criteria are buyer-centric — the creditworthiness of the company on which the invoice is raised matters more than the vendor's own credit score. The following requirements are sourced from KredX's FAQ and website (verified May 2026):

✓ You Likely Qualify If…

✓You supply goods/services to large blue-chip or listed companies
✓Your invoices have clear payment terms (30–90 days)
✓Your business is registered (Pvt. Ltd., LLP, or Partnership Firm)
✓You have clean delivery documentation and POs
✓Your buyer is willing to confirm invoices
✓You have 2+ years of business operations
✓You have filed GST returns regularly

✗ You Likely Won't Qualify If…

✗Your buyers are small or unrated companies
✗Your invoices are with individuals (B2C businesses)
✗Invoice tenor exceeds 90 days
✗You cannot provide financial statements or bank records
✗Your buyer disputes invoices frequently
✗You are a startup with under 1 year of operations
✗Your invoices are below ₹5 lakh (platform may decline)

Documents Required for KredX Onboarding

→Company PAN Card

→GSTIN and GST return copies (last 12 months)

→Director/Partner KYC (Aadhaar + PAN)

→Certificate of Incorporation / LLP deed

→ITR — last 2 financial years

→Audited financials (P&L + Balance Sheet)

→Bank statements — last 6–12 months

→Sample invoices and purchase orders from buyers

→Udyam registration certificate (if applicable)

→Board resolution authorising the transaction

KredX Funding Timeline — First Use to Disbursement

KredX advertises 24–72 hours to funds. That refers to an existing, onboarded customer uploading a new invoice. For first-time users, the realistic timeline is longer:

StageActivityTimelineNotes

Day 1–2Registration & document submission1–2 daysOnline process; upload docs to portal

Day 2–7KYC & credit underwriting3–7 daysKredX verifies buyer creditworthiness

Day 7–8Platform approval & limit sanction1–2 daysLimit set based on buyer credit profile

Day 8First invoice uploadSame dayUpload via self-serve module

Day 8–11Investor bidding on invoice24–72 hrsInvestors bid; best rate accepted

Day 9–12Fund disbursement (90%)24–72 hrsNEFT/RTGS to registered bank account

Invoice dueBalance (10%) releasedDue dateAfter buyer pays KredX in full

📌 First-time users: plan for 10–14 days end-to-end

The 24–72 hour claim applies only after full onboarding. Budget 10–14 days total for first-time use. If you need funds urgently and haven't started onboarding, KredX is not a same-week solution. Consider an NBFC bridge loan for genuine emergencies. Compare all working capital options →

Example: ₹10,00,000 Invoice Discounting on KredX

Here is a worked example using KredX's published rates (1.2–2% per month) for a ₹10,00,000 invoice raised on a blue-chip buyer with a 60-day payment term.

₹10,00,000 Invoice · 60-Day Tenure · KredX Invoice Discounting

Based on published KredX rates (kredx.com, verified May 2026). Platform fee not included — add 0.3–1% for total effective cost.

Invoice face value

₹10,00,000

Advance (90% of invoice)

₹9,00,000

Received within 24–72 hrs

Discount rate (monthly)

1.2%—2.0%

Range from KredX website

Discounting fee (60 days = 2 months)

₹21,600—₹36,000

On ₹9,00,000 advance

Platform fee (estimated)

₹3,000—₹9,000

Not disclosed; approx. 0.3–1%

Total cost

₹24,600—₹45,000

2.46%–4.5% of invoice value

Cash received on Day 1

₹9,00,000

Guaranteed 90% advance

Balance on due date

₹75,400—₹55,000

After deducting all fees

Annualised effective cost

~14.7%—~27%

Including est. platform fee

Key takeaway

On a ₹10 lakh invoice with a 60-day term, KredX costs approximately ₹24,600 (best case, 1.2%/month) to ₹45,000 (worst case, 2%/month + fees). Compare this with RXIL/TReDS at 8–15% p.a. on the same ₹10 lakh, 60-day invoice: cost would be approximately ₹13,333–₹25,000. If your buyer is on TReDS, that platform is cheaper in almost every scenario.

KredX Pros and Cons — 2026

✅ Pros

+Fast funding: 24–72 hour disbursement once onboarded — materially faster than bank loans (2–4 weeks).
+Zero collateral: No need to pledge property, machinery, or fixed assets. Invoice is the only security.
+No balance sheet impact: Invoice discounting is off-balance-sheet. Doesn't affect your debt-to-equity ratio.
+Multiple products: TReDS, SCF, BNPL, export finance, B2B payments card — comprehensive platform for growing businesses.
+RBI-licensed TReDS entity: KredX operates a regulated TReDS platform, providing an additional regulated option.
+Established platform: Operating since 2015 with $33M raised — meaningful institutional validation.
+Sector diversity: Serves manufacturing, logistics, FMCG, retail, pharma, printing & packaging.

⚠️ Cons

−No public fee schedule: Platform fees not disclosed upfront. Investors and reviewers report undisclosed charges on maturity. Always request a full cost breakdown.
−Higher rate vs TReDS: At 1.2–2%/month (14.4–24% p.a.), KredX is materially more expensive than RBI TReDS platforms (8–15% p.a.).
−2024 investor defaults: Multiple investor reviews (Google Play, RandomDimes, June 2024) report defaults and delayed payments on the investor side, raising questions about underlying asset quality.
−Headcount decline: 49% year-on-year employee reduction to ~69 staff (Tracxn, March 2025). Revenue of ₹14.1 Cr for a platform claiming to process crores of invoices warrants scrutiny.
−Buyer dependency: You can only discount invoices on KredX-approved buyers. Invoices on smaller or unrated companies won't be accepted.
−No funding since 2019: Last institutional round was Series B in November 2019. No further disclosed funding rounds in 5+ years.
−TDS complexity: 10% TDS deducted by KredX on the discounting benefit under Section 194A. Adds administrative overhead for businesses.

KredX vs Alternatives — Full Comparison 2026

How does KredX stack up against the main invoice financing India alternatives? The table below compares KredX with RXIL (TReDS), Drip Capital, and CredAble across the metrics that matter most to a business seeking working capital.

PlatformTypeRate p.a.SpeedBest For

KredXMarketplace (private)14.4–24%+24–72 hrs (post-onboarding)Established vendors to blue-chip corporates

RXIL (TReDS)★ Lowest rateRBI-licensed TReDS8–15%24–72 hrsMSMEs with large corporate / PSU buyers

M1xchange (TReDS)RBI-licensed TReDS (BSE)9–18%24–72 hrsManufacturing & services MSMEs

Drip CapitalExport invoice financing12–18%24–48 hrsExport-focused SMEs with overseas buyers

CredAbleEnterprise SCF platform10–16%24–48 hrsVendors to large enterprise buyers with SCF programs

Invoicemart (TReDS)RBI-licensed TReDS (A.TReDS)9–16%24–72 hrsMSMEs with PSU / government buyers

Rates verified May 2026 from published platform data and regulatory filings. Actual rates vary by business profile and buyer creditworthiness. Full MSME working capital comparison →

✅ When KredX wins: buyers not on TReDS

KredX's key advantage over TReDS platforms is buyer coverage. TReDS currently mandates registration for companies above ₹500 Cr turnover — but hundreds of mid-market corporates (₹50–₹500 Cr) are not yet on TReDS. For vendors supplying these buyers, KredX may be the best available invoice financing option, especially at the 1.2%/month rate end.

Who Should Use KredX in 2026?

If: You supply mid-market corporates (₹50–₹500 Cr) not yet on TReDS

Good Fit

→ KredX is a strong option

TReDS isn't available for buyers below ₹500 Cr turnover threshold. KredX's marketplace covers a broader range of buyers.

If: Your buyers are large-cap listed companies (Reliance, Tata, Infosys, etc.)

TReDS First

→ Check RXIL/TReDS first — then KredX

Large-cap companies are almost certainly on TReDS. TReDS rates (8–15% p.a.) beat KredX (14.4–24% p.a.) at equivalent invoice values.

If: You need working capital within 24–72 hours and are already onboarded

Good Fit

→ KredX works well

Post-onboarding speed is genuine. If you have existing KredX limits and approved buyers, the platform delivers fast liquidity.

If: You are an exporter with international buyers

Evaluate Both

→ KredX ITFS or Drip Capital

KredX's IFSCA-licensed ITFS platform handles post-shipment export financing. Also compare Drip Capital which is purpose-built for export invoice finance.

If: You are a micro-enterprise with invoices under ₹5 lakh

Not Ideal

→ Consider RXIL TReDS or Mudra loan

KredX is not optimised for very small invoice volumes. Smaller businesses may find better fit on TReDS or through CGTMSE-backed bank loans.

KredX Customer Reviews and Reputation

We reviewed KredX customer feedback from Google Play Store (KredX Invest app), Justdial, Glassdoor, and RandomDimes (August 2024). Note that most publicly available reviews are from the investor side of KredX, not the business/vendor side. Vendor reviews are scarcer.

Google Play Store (KredX Invest App)· 2024

⚠ Mostly Negative

Multiple 2024 investor reviews report delayed payments, investments not returned on time, poor customer support response to escalations, and app stability issues.

About 15 reviews posted in 2024 — everyone expressed discomfort. Not even a single investor expressed positive sentiment.

Editorial note: These are investor reviews (people funding the invoices). Businesses using KredX to discount invoices have a different relationship with the platform.

Justdial (Bengaluru listing)· 2024

~ Mixed

Mixed reviews. Investors warn about stuck funds and undisclosed fees. Some business users found KredX helpful for managing working capital and B2B payment solutions.

Several reviewers complained about undisclosed fees charged on maturity value rather than invested amount.

Editorial note: Undisclosed fees is a significant concern. Businesses should clarify the fee structure in writing before onboarding.

RandomDimes (Independent blogger review)· August 2024

⚠ Mostly Negative

Reviewer used KredX since 2018 with no defaults, but stopped using the platform in June 2024 citing multiple defaults observed. Recommends caution.

Please note: from June 2024 we have stopped using KredX as there have been multiple defaults on the platform.

Editorial note: This reviewer was an investor, not a vendor. However, investor-side defaults suggest underlying invoice payment failures, which could reflect on the quality of buyer pool.

Glassdoor (Employee reviews)· 2024–2025

~ Mixed

52% of employees would recommend KredX. Compensation rated 2.8/5. Positive: good work-life balance, approachable management. Negative: below-market salaries, fake promises on bonuses, high regulatory risk.

Concept is good but company stands at big regulatory risk. Things can go bad whenever RBI takes a stand.

Editorial note: A 49% headcount decline in FY2025 corroborates some employee concerns about company trajectory.

Is KredX Safe and Legit?

This is a critical question for any business considering KredX for invoice discounting in India. Here is what the data shows:

✅

RBI-Licensed TReDS Platform

KredX operates an RBI-licensed TReDS platform — one of only three in India (alongside RXIL and M1xchange). This is the strongest regulatory credential available in invoice discounting. Source: RBI's list of licensed TReDS platforms, verified May 2026.

✅

IFSCA-Licensed for Export Finance

The ITFS (International Trade Finance Service) platform operated by KredX is licensed by IFSCA (International Financial Services Centres Authority) at GIFT City, Gujarat. Source: IFSCA official records.

✅

MCA Registration

Registered with the Ministry of Corporate Affairs as Minions Ventures Pvt. Ltd., CIN available. Company has filed annual returns. Source: MCA portal, verified May 2026.

✅

Institutional Backing

Three institutional rounds: Seed (Prime Venture Partners, Sep 2015), Series A (Peak XV Partners, formerly Sequoia, Oct 2016), Series B (Tiger Global Management, $26M, Nov 2019). Total: $33 million. Source: Tracxn, Business Standard.

⚠️

2024 Investor Default Reports

Multiple investor-side defaults reported from June 2024 onwards (Google Play reviews, RandomDimes, August 2024). These suggest some buyers in the platform pool have been failing to pay on invoice due dates. While defaults are a known risk in any invoice financing platform, the volume of complaints suggests this is systemic, not isolated.

⚠️

No New Institutional Funding Since 2019

The most recent funding round was November 2019 ($26M Series B). No further institutional rounds in 5+ years, despite significant activity in Indian fintech funding through 2021–2023. The revenue of ₹14.1 Cr (FY2025) and 49% headcount decline are worth monitoring.

❌

Opaque Fee Structure

KredX's FAQ acknowledges fees for 'legal documents, operational charges, and deal processing' but does not publish specific amounts. Multiple reviewers report fees being charged on maturity value rather than invested/disbursed amount. This is not a legitimacy issue per se, but is a transparency concern businesses should address in writing.

📌 Verdict on legitimacy: regulated, but with concerns

KredX is a legitimate, RBI-licensed platform. It is not a scam. However, the 2024 investor default reports and lack of institutional funding since 2019 are caution flags for businesses that intend to use the platform as a primary working capital source. Use KredX alongside (not instead of) relationship with your bank, and always maintain a formal written agreement covering fee disclosure.

Final Verdict — KredX Review 2026

3.8

★★★★★

InvoiceFollowups Editorial Rating — May 2026

Speed9/10

24–72 hrs post-onboarding is genuinely fast

Rate competitiveness5/10

14.4–24% p.a. — TReDS is cheaper if available

Transparency4/10

No public fee schedule is a real gap

Regulatory trust8/10

RBI-licensed TReDS + IFSCA ITFS credentials

Platform stability5/10

2024 defaults + headcount decline are flags

Product breadth8/10

SCF, BNPL, export finance — strong portfolio

KredX earns a 3.8/5. It is a legitimate, established platform with genuine speed and regulatory credentials. For businesses supplying mid-market corporates not yet on TReDS, KredX fills a real gap. The platform's weaknesses — opaque pricing, 2024 investor defaults, and stagnant institutional momentum — prevent a higher rating. In 2026, businesses with buyers on TReDS should default to RXIL or M1xchange for better rates. KredX is a strong Plan B, and a solid Plan A where TReDS isn't available.

⏰

Before any invoice financing

The cheapest financing is invoices you already collect faster

KredX at 1.2%/month costs ₹12,000 per ₹10 lakh per month. Automated reminders that reduce your DSO by 15 days cost near zero and free equivalent capital. Start with free tools before signing any financing agreement.

Start Free — Automate Follow-ups →Calculate KredX true cost →

Vikram Desai

B2B Fintech Analyst · InvoiceFollowups

Vikram has 9 years of experience in B2B fintech, credit analytics, and SME lending, including 4 years at ICICI Securities and 3 years advising growth-stage companies on working capital strategy. He holds a CFA (Level 2) and has authored over 30 platform reviews covering invoice discounting, supply chain finance, and fintech lending in India. This article is for informational purposes only — not financial advice. Verify current rates and platform terms at kredx.com and rbi.org.in.

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Frequently Asked Questions — KredX

KredX advertises discounting rates starting at 1.2–2% per month (approximately 14.4–24% annualised), depending on the creditworthiness of the buyer company, invoice tenure (30–90 days), and the business's platform history. The platform fee covers legal documentation, operational charges, and deal processing and is separate from the discount rate. Always ask for the all-in effective cost before proceeding.

KredX operates an RBI-licensed TReDS platform and an IFSCA-licensed ITFS platform for export financing. It was founded in 2015, is registered with the MCA, and has raised $33 million from Tiger Global Management, Peak XV Partners, and Prime Venture Partners. However, investor-side reviews in 2024 flagged multiple defaults on the investment side. Businesses using KredX for working capital (not investing) have generally had a different, more positive experience.

KredX advertises disbursement within 24–72 hours of invoice upload and verification, provided KYC is complete. First-time onboarding (KYC and credit underwriting) typically takes 3–7 business days. Subsequent invoice transactions are faster since the buyer and business are already verified.

KredX does not publicly state a fixed minimum invoice amount. Eligibility is determined by buyer creditworthiness and the vendor's financial profile. In practice, the platform is best suited for businesses with invoices of ₹5 lakh and above, raised on large corporate or blue-chip buyers. Smaller invoices may not attract enough investor interest.

The main KredX alternatives are: RXIL (RBI TReDS, 8–15% p.a., best rate for businesses with corporate buyers), CredAble (enterprise supply chain finance), Drip Capital (export-focused, 12–18% p.a.), and M1xchange (BSE TReDS platform). For businesses whose buyers are registered on TReDS, RXIL or M1xchange almost always offer a lower effective rate due to competitive bidding between financiers.

Methodology & Data Sources

This KredX review was researched and written by the InvoiceFollowups Editorial Team in May 2026. The following sources were consulted and verified:

KredX Official WebsiteVerified: May 2026
KredX FAQ PageVerified: May 2026
Tracxn — KredX Company ProfileVerified: May 2026
Business Standard — Series B NewsVerified: Archived
Ministry of Corporate Affairs (MCA)Verified: May 2026
RBI TReDS FrameworkVerified: May 2026
Google Play Store — KredX Invest App ReviewsVerified: 2024
RandomDimes — KredX Platform ReviewVerified: August 2024
Justdial — KredX Bangalore ReviewsVerified: 2024
Glassdoor — KredX Employee ReviewsVerified: 2024–2025

Last Updated: May 20, 2026 · Researched by: InvoiceFollowups Editorial Team · Editorial Policy: No advertiser relationship with KredX or any alternative platform mentioned. All ratings are independent assessments.