India, Dec. 4 -- Credlix, the supply chain financing arm of B2B ecommerce unicorn Moglix has acquired a majority stake in Delhi-based NBFC Vanik Finance for around INR 80 Cr (about $8.9 Mn).

"Vanik Finance will now operate fully under the Credlix brand, leveraging advanced analytics and digital underwriting to simplify credit decisions and accelerate turnaround times," Moglix said in a statement.

The acquisition will help Credlix expand its credit offerings for MSMEs and homegrown exporters. Vanik Finance claims to provide supply chain financing in under 24 hours without the need for any "hard collateral". Earlier, it was a partner with Credlix.

Credlix was launched in 2021 by Moglix and leverages the large B2B commerce ecosystem of it...