India, Dec. 10 -- Fintech SaaS startup CredFlow has received a non-deposit taking NBFC licence from the RBI. The startup operates its NBFC arm through its group entity Cashpositive Finance under the brand name CashFloat.

Prior to receiving the licence, CashFloat was disbursing loans through its partners. With the NBFC licence, it will lend independently. In a statement, CredFlow said this would enable faster approvals, custom credit products, program-based underwriting, and full control from acquisition to collections.

Following the RBI approval, CredFlow plans to expand its product suite to offer invoice discounting, unsecured and partially secured term loans, manufacturing expansion loans, structured SME finance, and co-lending progra...